Menu Home

End of Quarter Clearance at OFAC: an enforcement action, a related guidance document… oh, and yes, Libyan sanctions regs

Sanctions Compliance Guidance for Instant Payment Systems; Settlement Agreement between OFAC and Tango Card, Inc.; Issuance of Libyan Sanctions Regulations Release date 09/30/2022 Body The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) is publishing “Sanctions Compliance Guidance for Instant Payment Systems” which emphasizes the importance of […]

Enforcement doubleheader – two units of Credit Agricole pay up for violating multiple sanctions programs

Settlement Agreements between the U.S. Department of the Treasury’s Office of Foreign Assets Control and CA Indosuez Switzerland S.A., and CFM Indosuez Wealth 09/26/2022 The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) today announced a settlement with CA Indosuez Switzerland S.A. (“CAIS”), an indirect subsidiary of […]

Visa Restrictions for Five Cuban officials

State Department Takes Steps to Impose Visa Restrictions Against Cuban Officials PRESS STATEMENT ANTONY J. BLINKEN, SECRETARY OF STATE JUNE 16, 2022Share The Department of State has taken steps to impose visa restrictions on five Cuban officials pursuant to Presidential Proclamation 5377, which suspends nonimmigrant entry into the United States […]

We’re still waiting…

We have not yet seen any executive or administrative action on this, but the State Department issued a press statement: Biden Administration Expands Support to the Cuban People PRESS STATEMENT NED PRICE, DEPARTMENT SPOKESPERSON MAY 16, 2022Share The Administration’s policy towards Cuba continues to focus first and foremost on support […]