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End of Quarter Clearance at OFAC: an enforcement action, a related guidance document… oh, and yes, Libyan sanctions regs

Sanctions Compliance Guidance for Instant Payment Systems; Settlement Agreement between OFAC and Tango Card, Inc.; Issuance of Libyan Sanctions Regulations Release date 09/30/2022 Body The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) is publishing “Sanctions Compliance Guidance for Instant Payment Systems” which emphasizes the importance of […]

As expected… US State Department Statement on Russia-related actions (OFAC’s and theirs)

Imposing Swift and Severe Costs in Response to Russia’s Violations of Ukraine’s Sovereignty PRESS STATEMENT ANTONY J. BLINKEN, SECRETARY OF STATE SEPTEMBER 30, 2022 The United States unequivocally rejects Russia’s fraudulent attempt to change Ukraine’s internationally recognized borders, including by holding sham “referenda” in Ukraine’s Luhansk, Donetsk, Kherson, and Zaporizhzhya […]

You knew this was coming: OFAC adds well over 200 (I stopped counting) to Russia sanctions, updates 20… and adds an FAQ

Today, OFAC added the following persons: ABRAMOV, Ivan Nikolayevich (Cyrillic: АБРАМОВ, Иван Николаевич), Russia; DOB 16 Jun 1978; nationality Russia; Gender Male; Member of the Federation Council of the Federal Assembly of the Russian Federation (individual) [RUSSIA-EO14024]. AFANASEVA, Yelena Vladimirovna (Cyrillic: АФАНАСЬЕВА, Елена Владимировна) (a.k.a. AFANASYEVA, Yelena Vladimirovna), Russia; DOB […]

Enforcement doubleheader – two units of Credit Agricole pay up for violating multiple sanctions programs

Settlement Agreements between the U.S. Department of the Treasury’s Office of Foreign Assets Control and CA Indosuez Switzerland S.A., and CFM Indosuez Wealth 09/26/2022 The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) today announced a settlement with CA Indosuez Switzerland S.A. (“CAIS”), an indirect subsidiary of […]