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September 14, 2017: OFAC Sanctions-o-Rama!

Last Thursday, OFAC updated multiple sanctions programs with new designations. Under the narcotics trafficking sanctions program, the following persons:  ABOUZAID EL BAYEH, Salime, Paseo de los Virreyes 951-A20, Fraccionamiento Virreyes, Zapopan, Jalisco, Mexico; DOB 28 Nov 1983; POB Guadalajara, Jalisco, Mexico; Gender Female; C.U.R.P. AOBS831128MJCBYL09 (Mexico) (individual) [SDNTK] (Linked To: […]

February 8, 2017: OFAC adds cyber FAQs

Yesterday, OFAC published the following 4 questions on its FAQ page related to the recent designations of the FSB (and others) under the cyber-related sanctions program, and the subsequent General License: The Designation of the Federal Security Service and Cyber General License 1, “Authorizing Certain Transactions with the Federal Security […]

February 2, 2017: OFAC OKs FSB (sometimes)

Yesterday, OFAC issued its first General License for the cyber-related sanctions program, authorizing certain transactions with Russia’s Federal Security Service, or FSB. Which transactions? Those “that are necessary and ordinarily incident to requesting certain licenses and authorizations for the importation, distribution, or use of certain information technology products in the […]

December 29, 2016: Retaliation Part 1 – OFAC

Two things happened Thursday at OFAC. First, the President issued a new Executive Order amending Executive Order 13694, the one that established the cyber-related sanctions program. The E.O. now adds potential sanctions for those who are responsible for “tampering, altering, or causing the misappropriation of information with the purpose or […]