The United Nations maintains Narrative Summary pages for a number of sanctions programs. While we have profiled persons on the ISIL (Da’esh) and Al-Qaida sanctions list, we will now, from time to time, list ones from the other programs. Below is a list of all the Narrative Summary pages. And […]
On Monday, OFAC updated a number of sanctions programs on the SDN List. First, they added the following to the counter narcotics trafficking sanctions: AGRICOLA BOREAL S.P.R. DE R.L., Naciones Unidas Numero 6885-22, Colonia Jardines del Tule, Zapopan, Jalisco, Mexico; Folio Mercantil No. 60606 (Mexico) [SDNTK]. AGRICOLA TAVO S.P.R. […]
Literally in a footnote to the March 25th announcement of the enforcement action against PayPal, OFAC also released enforcment information about a $780,000 penalty against Life for Relief and Development. The base penalty for “knowingly and willingly” conspiring to send 3 funds transfers totaling $236,000 to Iraq in violation of […]
Council Regulation (EU) 791/2014 amends the existing licensing: The following restrictions in the Regulation have been amended. These amendments may include a change to the number of the article containing the restriction: Paragraphs 3 and 4 of Article 4 dealing with the freezing of funds and economic resources respectively have […]
On Tuesday, President Barack Obama issued a new Executive Order modifying the Iraq-related sanctions that OFAC enforces: I, BARACK OBAMA, President of the United States of America, have determined that the situation that gave rise to the actions taken in Executive Order 13303 of May 22, 2003, to protect the […]
On Tuesday, OFAC modified a number of sanctions programs. First, the following have been added to the SDN list under either the IFSR (Iran Financial Sanctions Regulations), Executive Order 13645 (part of the IFCA), or the Non-Proliferation of Weapons of Mass Destruction (NPWMD) programs: AL AQILI, Mohamed Saeed (a.k.a. AL […]
Here is the historical background of the EU's sanctions on Iraq: Iraq's invasion of Kuwait in August 1990 and the suspicions that Iraq possessed weapons of mass destruction under Saddam Hussein's regime brought about a comprehensive system of international sanctions against Iraq, passed by the UN and the EU. After […]
There are no longer broad-based sanctions against the country of Iraq, which had been in place since its invasion of Kuwait in 1990. What’s left are targeted sanctions against the remnants of the Saddam Hussein regime, as well as those committed to undermine the stability of the country. Property of […]
ISISR are the Iraq Stabilization and Insurgency Sanctions Regulations. These are targeted sanctions against Saddam Hussein’s regime, as well as those who have committed, or are considered to pose a risk of committing, an act of violence for the purpose of destabilizing the Iraqi government, or by blocking reconstruction, humanitarian […]
Three updates yesterday from Her Majesty’s Treasury… First, the Iraq sanctions… Council Regulation (EU) No 85/2013 amends Council Regulation (EC) No 1210/2013 to permit transfer of frozen assets to the entity which has succeeded the Development Fund for Iraq set up by the Iraqi government. The notice includes the routing […]
Mr. Watchlist 