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 […]
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 […]
Announcement of Visa Restrictions Against Cuban Officials PRESS STATEMENT ANTONY J. BLINKEN, SECRETARY OF STATE JULY 9, 2022 The Department of State has taken steps to impose visa restrictions on 28 Cuban officials pursuant to Presidential Proclamation 5377, which suspends nonimmigrant entry into the United States of officers and employees […]
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 […]
Publication of Amended Cuban Assets Control Regulations (CACR) and Related Frequently Asked Questions Release date 06/08/2022 Body The Department of the Treasury’s Office of Foreign Assets Control (OFAC) is amending the Cuban Assets Control Regulations, 31 C.F.R. Part 515 (CACR) to further implement portions of the President’s foreign policy toward […]
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 […]
For now, let’s just give you the headlines and the links… after I review the documents, I may devote posts to the details… Settlement Agreements between the U.S. Department of the Treasury’s Office of Foreign Assets Control and Newmont Corporation and Chisu International Corporation Release date 04/21/2022 Body The U.S. […]
Visa Restrictions Against Cuban Officials PRESS STATEMENT ANTONY J. BLINKEN, SECRETARY OF STATE JANUARY 6, 2022Share Due to harsh and unjust sentences handed down to peaceful protesters, the Department of State today took steps to impose visa restrictions on eight Cuban officials implicated in attempts to silence the voices of […]
Ricardo Martinelli Linares follows in his brother’s footsteps… to incarceration OFAC Enforcement Action: Airbnb Payments violates CACR
The settlement: $91,172.29 (what’s with the pennies?). The base penalty: $364,689. For over 6500 violations of the Cuban Assets Control Regulations (CACR) – voluntarily self-disclosed and non-egregious, which reduced the penalty from the maximum of $600,601,408 to 1/2 the value of each transaction. As OFAC says, this action relates to […]
Mr. Watchlist 