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OFAC didn’t want $$$ from Mashreqbank, but…

ACTING SUPERINTENDENT ADRIENNE A. HARRIS ANNOUNCES $100 MILLION PENALTY ON MASHREQBANK FOR VIOLATIONS OF SANCTIONS LAWS  Acting Superintendent of Financial Services Adrienne A. Harris announced today that Mashreqbank, PSC (“Mashreqbank” or the “Bank”) has agreed to pay $100 million in penalties pursuant to a Consent Order entered into with the New York State Department of Financial Services (“DFS” or […]

OFAC Enforcement Action: Bank of China (UK)

Bank of China’s London branch is paying $2,329,991 (from a $4,313,799 base) for 111 voluntarily self-disclosed violations of the Sudanese sanctions program, committed between September 2014 and February 2016. What Bank of China did As a result of an internal investigation triggered by a Sudanese customer’s request to process a […]

SECO also removes one from Sudan sanctions

Swiss authorities also (I posted the update from the UK earlier today) have removed: SSID: 190-3082 Name: Shareif Adam DOB: 1 Jan 1970 POB: El-Fasher Good quality a.k.a.: a) Adam Yacub Shant b) Adam Yacoub Nationality: Sudan Identification document: a) Passport No. P00182993, Sudan, Date of issue: 19 Jul 2010, […]

UK removes Adam Shareif from Sudan sanctions

FCDO and OFSI have removed the following individual: SHAREIF, Adam DOB: 01/01/1970. POB: El-Fasher a.k.a: (1) SHANT, Adam, Yacub (2) YACOUB, Adam Nationality: Sudanese (by birth) Passport Details: P00182993. Issued on 19 July 2010. Expired on 18 July 2015. National Identification no: 103-0037-6235 (as mentioned in the passport) Position: Sudanese […]