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After a brief hiatus…

Welcome to the “Shootout at the OFAC Corral”, the latest episode of Mr. Watchlist’s DesigNation. The new show is focused on last week’s designation of the Iranian financial services sector under Executive Order 13902, and the designation of 18 Iranian banks (which had already been sanctioned under the Iranian Transactions […]

We heard this was coming…Iran’s financial sector designated under E.O. 13902…

OFAC updated the following Iranian financial firms, designating them under Executive Order 13902, and adding secondary sanctions to each: AMIN INVESTMENT BANK (a.k.a. AMINIB), No. 51 Ghobadiyan Street, Valiasr Street, Tehran 1968917173, Iran; Website http://www.aminib.com [IRAN]. -to- AMIN INVESTMENT BANK (a.k.a. AMINIB; a.k.a. “AMIN IB”), No. 51 Ghobadiyan Street, Valiasr Street, […]

Where in the world is OFAC today? Syria and Cuba

Today, OFAC added the following people under the Syria sanctions related to Executive Order 13894: IBRAHIM, Nasreen Hussein (Arabic: نسرين حسين إبراهيم) (a.k.a. IBRAHIM, Nisrine; a.k.a. IBRAHIM, Nsrin; a.k.a. IBRAHIM, Nsrin Hussin), Damascus, Syria; DOB 13 Nov 1975; POB Latakia, Syria; nationality Syria; Gender Female; National ID No. 06110008173(Syria) (individual) [SYRIA-EO13894].  IBRAHIM, […]

OFAC makes sanctions on Sudan clearer…

Issuance of new Sudan Program and Darfur Sanctions Guidance and a related Frequently Asked Question as well as Frequently Asked Questions Updates and Removals 8/11/2020 The Department of the Treasury’s Office of Foreign Assets Control (OFAC) is publishing Sudan Program and Darfur Sanctions Guidance  and a Frequently Asked Question (FAQ) and removing eleven Sudan-related […]

OFAC adds 3 to Global Magnitsky program, plus a General License and FAQ

Today, OFAC added the following people: PENG, Jiarui (Chinese Simplified: 彭家瑞), Xinjiang, China; DOB Apr 1961; nationality China; Gender Male (individual) [GLOMAG] (Linked To: XINJIANG PRODUCTION AND CONSTRUCTION CORPS). SUN, Jinlong (Chinese Simplified: 孙金龙), Xinjiang, China; DOB Jan 1962; nationality China; Gender Male (individual) [GLOMAG] (Linked To: XINJIANG PRODUCTION AND […]

OFAC Updates: new Nicaragua Regulations & General License, updated Ukraine General Licenses

Amendment of Ukraine-related General Licenses 7/16/2020 The Department of the Treasury’s Office of Foreign Assets Control (OFAC) is amending the Nicaragua Sanctions Regulations (31 CFR part 582) to incorporate the Nicaragua Human Rights and Anticorruption Act of 2018.  OFAC is also adding a general license authorizing certain United States government activities.  This […]

OFAC updates Venezuela GL 5, adds FAQ

Today, OFAC issued General License 5D, which authorizes transactions involving PdVSA’s (Petroleos de Venezuela, S.A.) 2020 8.5% bond, but only after October 20, 2020. The previous version authorized those payments from late July on. I wonder what will happen when the bond matures? 2020 is running out fast… And OFAC […]