Another geolocation-related enforcement action: Tango Card’s $116,048.60 settlement with OFAC
OFAC’s Compliance Communique: Sanctions Compliance Guidance for Instant Payment Systems
Ooh, a cute title… here it is:
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 […]
State Department statement on OFAC Iran designation actions
Designating Iran Petroleum and Petrochemical Sanctions Evaders PRESS STATEMENT ANTONY J. BLINKEN, SECRETARY OF STATE SEPTEMBER 29, 2022 The United States is taking further action to disrupt efforts to evade sanctions on the sale of Iranian petroleum and petrochemical products. Specifically, the Department of State is imposing sanctions on two […]
OFAC targets Iran petroleum/petrochemical sales
OFAC has added the following entities: CLARA SHIPPING LLC (Arabic: كلارا للشحن ش.ذ.م.م) (a.k.a. CLARA SHIPPING), P.O. Box 554843, Dubai, United Arab Emirates; Suite 420, Oud Metha Offices, Oud Metha Road, Umm Hurair 2, P.O. Box 80, Dubai, United Arab Emirates; Suite 420, Oud Metha Offices, P.O. Box 93371, Dubai, […]
Updated regs from OFAC for Central African Republic & Balkans-related programs
Issuance of Central African Republic Sanctions Regulations and Western Balkans Stabilization Regulations Release date 09/28/2022 Body The Department of the Treasury’s Office of Foreign Assets Control (OFAC) is reissuing in their entirety the Central African Republic Sanctions Regulations, 31 CFR part 553, and the Western Balkans Stabilization Regulations, 31 CFR […]
The OFAC Reading Room: 18 months of TSRA licensing reporting
Reports for Licensing Activities Undertaken Pursuant to the Trade Sanctions Reform and Export Enhancement Act of 2000 (TSRA) 09/27/2022 The Department of the Treasury’s Office of Foreign Assets Control (OFAC) has released Quarterly Reports of Licensing Activities pursuant to Section 906(b) of the Trade Sanctions Reform and Export Enhancement Act […]
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 […]
Mr. Watchlist 