Menu Home

Eight more firms added to NS-CMIC List… plus some OFAC housekeeping

OFAC has added the following firms: to its Non-SDN Chinese Military-Industrial Complex Companies (NS-CMIC) List: CLOUDWALK TECHNOLOGY CO., LTD. (Chinese Simplified: 云从科技集团股份有限公司) (a.k.a. “CLOUDWALK”), Room 501, No. 37, Jinlong Road, Nansha District, Guangzhou, Guangdong 511457, China; Building 11, Zhangjiang Artificial Intelligence Island, Chuanhe Road, Pudong New Area, Shanghai, China; Effective […]

OFAC Sanctions-a-Rama! New Counter-Terrorism designations, plus some adds, some removals…

Today, OFAC added the following persons: AKAR, Ezzat Youssef (Arabic: عزت يوسف أكار) (a.k.a. AKAR, Izzat; a.k.a. AKAR, Izzat Youssef; a.k.a. AKKAR, Izzat Yusif), Al-Kyam Hayy al-Sharqi, Marjayun, Al-Nabtiyah, Lebanon; DOB 01 Nov 1967; POB Al-Kiyam, Lebanon; nationality Lebanon; Additional Sanctions Information – Subject to Secondary Sanctions Pursuant to the […]

March 17, 2020: OFAC adds 1 to Syria list, amends 2, plus removes some from Global Magnitsky program, Syria program, FSE List

On Tuesday, OFAC added the following person to Syria sanctions program: AYOUB, Ali Abdullah (Arabic: علي عبدالله أيوب); DOB 28 Apr 1952; POB Latakia, Syria; nationality Syria; Gender Male (individual) [SYRIA-EO13894]. and updated the following existing designations: EZEGOO INVESTMENTS LTD, 1 Logothetou, Lemesos 4043, Cyprus; National ID No. C310521 (Cyprus) [SYRIA] […]

OFAC Enforcement Action: Kollmorgen Corporation

Because Kollmorgen’s Turkish affiliate serviced machines operating in Iran on six occasions, they agreed to a $13,381 settlement. At first glance, it appears that Kollmorgen knew its responsibilities: Kollmorgen acquired control of Elsim in early 2013, thereby making Elsim subject to the ITSR’s prohibitions for any activity or conduct engaged […]

Executive Order 13608 FAQ: Part 1

191. What does Executive Order 13608 “Prohibiting Certain Transactions with and Suspending Entry into the United States of Foreign Sanctions Evaders with Respect to Iran and Syria” do? This Executive Order gives Treasury new authorities. First, it strengthens Treasury’s ability to address behavior by foreign individuals and entities determined to […]