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July-September TAFA report

Corporate report Quarterly report to Parliament: 1 July 2020 to 30 September 2020 (‘TAFA 2010’) Published 19 January 2021 Written Ministerial Statement Operation of the UK’s Counter-Terrorist Asset Freezing Regime: 1 July 2020 to 30 September 2020 The Economic Secretary to the Treasury (John Glen): Under the Terrorist Asset-Freezing etc. […]

OFAC’s little ARBP reminder

Reminder for the Annual Report of Blocked Property 9/23/2019 On July 1, 2019, the Office of Foreign Assets Control (OFAC) issued a recent action notice, reminding holders of property blocked pursuant to OFAC sanctions regulations published in Chapter V of Title 31 of the Code of Federal Regulations (C.F.R.) of the requirement to […]

July 1, 2019: File your paperwork!

Reminder for the Annual Report of Blocked Property 7/1/2019 31 C.F.R. § 501.603 requires holders of blocked property to provide the Office of Foreign Assets Control (OFAC) with a comprehensive list of all blocked property held as of June 30 of the current year by September 30.  Persons that do not […]

OFAC’s latest Terrorist Assets Report is out

This is OFAC’s 27th “Annual Report to the Congress on Assets in the United States Relating to Terrorist Countries and Organizations Engaged in International Terrorism” – a mouthful, I know. Some highlights: $46.181 million in blocked terrorist organization assets, up from $43.606 million in 2017 Biggest increases in this group […]

New TAFA Quarterly Report is out

The UK publishes a quarterly report about its counter-terrorism sanctions program – and the one for Q4 of 2018 (calendar) is out. Here are the highlights: At the end of the quarter, 9,000 GBP was frozen under TAFA, 18,000 under EU Reg 2580/2001, and 70,000 under the ISIL/Al-Qaida regime (EU […]

October 9, 2018: One more reminder from OFSI

Office of Financial Sanctions Implementation   Reminder: Frozen Assets Reporting (2018)    This is a reminder that if you hold or control funds or economic resources belonging to, owned, held, or controlled by a designated person you are required to submit a report to the Treasury’s OFSI by Friday 12 October 2018. Your report […]

Time to report frozen assets to OFSI…

Office of Financial Sanctions Implementation   Reminder: Frozen Assets Reporting (2018)    This is a reminder that if you hold or control funds or economic resources belonging to, owned, held, or controlled by a designated person you are required to submit a report to the Treasury’s Office of Financial Sanctions Implementation (OFSI) by Friday […]