Two small sets of updates by OFAC today: Two organizations (M23 and Forces Democratiques de Liberation du Rwanda) were added to the DRC (Democratic Republic of the Congo) Sanctions program (and all their aliases, of course) Jeanine Speckman, a UK citizen, and Euromac European Manufacturer Center SRL, an Italian entity, […]
OFAC publishes a list of authorized air, travel and payment (they’re fancy – they call them “remittance forwarding”) service providers that are permitted to provide these services to Cuba. So, not exactly a General License, but not a specific license, either. The list was updated today. Link: List of Authorized […]
Just a quick note: OFAC has a page that lists each enforcement action and civil penalties, broken out by year. It’s a useful page, so I’ve added the link to it to the Regulatory Links page.
Ellman International has agreed to a $191,000 civil penalty for non-egregious violations of the Iran Transaction Regulations that were not voluntarily self-disclosed. The transactions were for exports of medical equipment to Iran and the hiring of an Iranian physician. The base penalty amount was $426,000 for transactions totaling $317,211, so […]
OFAC yesterday published its final rule regarding the amendments to the ITSR (Iranian Transactions and Sanctions Regulations) which were mandated by the passage of the TRA (Iran Threat Reduction and Syria Human Rights Act of 2012) and elements of Executive Orders 13622 and 13628. These changes are, in really concise […]
Here we go… Mr. Watchlist is stunned by the number of updates coming in over night (having new news subscriptions for Singapore and UK changes doesn’t help)… DFAT has updated its Iran sanctions program, subsequent to updates from the UN. 2 entities, Yas Air and SAD Import Export Company OSFI […]
Two releases today from OFAC: This morning, 3 individuals were added to the Transnational Criminal Organizations sanctions: 2 Kyrgyz nationals, and 1 has Georgian and Russian citizenship. This afternoon, OFAC issued a new General License (#6) for the Weapons of Mass Destruction Proliferators sanctions program. This license authorizes transactions related […]
Today, OFAC removed a relative slew of narcotics traffickers (one has to assume they are now, at worst, “ex” traffickers) from the SDN list. It’s been a busy week over at Treasury – perhaps clearing the decks before decking the halls for the Christmas holiday. Here’s today’s release – happy […]
OFAC today added 2 colonels involved in the Congo atrocities under General Ntaganda to the SDN List. These should look familiar, though – DFAT added these back on December 6th. Links: OFAC Press Release
Today’s OFAC release adds a single name – Michel Samaha (also Mishal Fuad Samaha and Saadah al-Naib Mishal Fuad) to both the Terrorism and Lebanon sanctions programs. The Lebanese sanctions program is an interesting one, as it’s not a country-level program. It’s aimed at those who “undermine the sovereignty of […]
