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OFAC Actions: Ethiopia Sanctions Regulations published, penalties indexed for inflation under FCPIAA

Issuance of Ethiopia Sanctions Regulations; Implementation of the Federal Civil Penalties Inflation Adjustment Act Release date 02/08/2022 The Department of the Treasury’s Office of Foreign Assets Control (OFAC) is issuing the Ethiopia Sanctions Regulations to implement Executive Order 14046 of September 17, 2021, “Imposing Sanctions on Certain Persons with Respect to the Humanitarian and […]

Joint Statement on detentions in Ethiopia

Joint statement on detentions in Ethiopia December 6, 2021 – Ottawa, Ontario – Global Affairs Canada The text of the following statement was released by Canada, Australia, Denmark, the Netherlands, the United Kingdom and the United States: We are profoundly concerned by recent reports of the Ethiopian government’s detention of […]

Did you read OFAC FAQ 936?

It says that Hidri Trust and Red Sea Trading Corporation are not subject to the 50 Percent Rule. How does that happen? Section 2(b) of Executive Order includes the following: No entity shall be blocked pursuant to this order solely because it is owned in whole or in part, directly […]

You knew it was just a matter of time – OFAC dusts off its Ethiopia program and takes it for a spin

OFAC today designated the following persons: NEMARIAM, Abraha Kassa (a.k.a. KASSA, Abraha; a.k.a. KASSA, Wedi), Eritrea; DOB 15 Jul 1953; POB Eritrea; nationality Eritrea; Gender Male; Passport D000294 (Eritrea) (individual) [ETHIOPIA-EO14046]. W KIDAN, Hagos Ghebrehiwet (a.k.a. WELDEKIDANE, Hagos Ghebrehiwet; a.k.a. WOLDEKIDAN, Hagos Ghebrehiwet), Asmara, Eritrea; DOB 25 Apr 1953; POB […]