And there were a bunch of new Frequently Asked Questions (FAQs): Links: OFAC Notice Syria General License 21 Venezuela General License 39 Iran General License N New FAQs – 906, 907, 908, 909, 910, 911
OFAC added the following persons: KARBASIAN, Masoud (a.k.a. KARBASIAN, Mas’ud); DOB 14 Jun 1956; POB Isfahan, Iran; nationality Iran; Additional Sanctions Information – Subject to Secondary Sanctions; Gender Male; Passport D10002096 (Iran) expires 26 Aug 2022; National ID No. 1286504104 (Iran) (individual) [SDGT] [IFSR] (Linked To: NATIONAL IRANIAN OIL COMPANY). […]
That’s the subject of my new article for Regulation Asia – Humanitarian Trade with North Korea: A Matter of Trust. It’s not just finding a government that will provide a clearinghouse for the transactions and the associated due diligence and reporting – it’s navigating the geopolitics, too. Let me know […]
United States Provides Additional Assistance for the Crisis in Venezuela and the Region PRESS STATEMENT MICHAEL R. POMPEO, SECRETARY OF STATE MAY 20, 2020 Share The United States continues to be a catalyst for the international response to help the Venezuelan people and region respond to the ongoing humanitarian crisis […]
See my new article Are Sanctions Cruel? over at KYC360 – it’s about the current brouhaha over relaxing sanctions because sanctioned countries are apparently having difficulties receiving aid – and the available humanitarian mechanisms provided under US sanctions regulations. Hint: it’s more complicated than that.
Other Cross-Programmatic Guidance • “OFAC Licensing Process” – Provides guidance on the OFAC licensing process. • “Guidance Related to the Provision of Humanitarian Assistance by Not-For-Profit Non- Governmental Organizations” – Clarifies the reach of economic sanctions for the non- governmental organizations involved in the provision of humanitarian assistance. (October 2014)
Ukraine/Russia-Related Russia is engaged in a broad range of malign activities globally, including interference in elections, ongoing aggression towards Ukraine, providing support to the Bashar al-Assad regime in Syria and the Maduro regime in Venezuela, engaging in malicious cyber activity, committing human rights abuses, and assisting North Korea in evading […]
Cuba The Cuba embargo targets Cuba’s Communist regime, which has for decades oppressed the Cuban people and failed to meet their most basic needs. Though the Cuba embargo remains in place, and most transactions between the United States, or persons subject to U.S. jurisdiction, and Cuba continue to be prohibited, […]
Syria OFAC’s Syria sanctions are designed to deter Bashar al-Assad, his cronies, foreign enablers, and the Government of Syria from accessing the international financial system and global supply chain. In addition, there are many illicit actors that operate in Syria, such as those related to Specially Designated Global Terrorists, Iran, […]
North Korea Among other objectives, OFAC’s North Korea sanctions are intended to stop the Government of North Korea from further developing its WMD programs by restricting its access to the international financial system and global supply chain. OFAC generally licenses non- governmental organizations (NGO) to provide services related to certain […]
