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January 14, 2023: Oopsie, OFSI!

On Saturday, OFSI sent out a notice that there were additions to the Iran human rights sanctions program, as well as amendments to listings under the Russia and Syria program. They included a link to the Iran notice: However, none of the three regime pages shows links to this file, […]

OFAC Enforcement Action: Danfoss A/S pays about $4.38 million for violations of multiple sanctions programs

Settlement Agreement between the U.S. Department of the Treasury’s Office of Foreign Assets Control and Danfoss A/S 12/30/2022 The United States Department of the Treasury’s Office of Foreign Assets Control (OFAC) today announced a settlement with Danfoss A/S (“Danfoss”), a multinational Danish company that manufactures and sells refrigeration and other […]

Monday OFAC Sanctions-a-Rama: Zimbabwe designations & removals, North Korea update, Iran & Syria & FSE removals

OFAC has added the following individuals: CHIMUKA, Obey, 25 Northolt Bluffhill, Harare, Zimbabwe; DOB 15 Jan 1975; POB Makoni, Zimbabwe; nationality Zimbabwe; citizen Zimbabwe; Gender Male; Passport EN899508 (Zimbabwe) expires 15 Mar 2026; National ID No. 58158115R42 (Zimbabwe) (individual) [ZIMBABWE] (Linked To: TAGWIREI, Kudakwashe Regimond; Linked To: FOSSIL AGRO; Linked […]

End of Quarter Clearance at OFAC: an enforcement action, a related guidance document… oh, and yes, Libyan sanctions regs

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 […]

Enforcement doubleheader – two units of Credit Agricole pay up for violating multiple sanctions programs

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 […]

OFSI adds 5, corrects 1 under Syrian sanctions

UK regulators have added the following persons: 1. AL ABDULLAH, SalehTitle: Brigadier General DOB: –/–/1967. POB: Tartous, Syria Nationality: Syria Other Information: (UK Sanctions List Ref):SYR0390 (UK Statement of Reasons):Saleh Al- Abdullah is and has been involved in repressing the civilian population in Syria as a member of the Syrian […]

OFSI adds 7 to Syria sanctions

UK regulators have added the following persons: 1. BOGATOV, Andrei MikhailovichName (non-Latin script): Богатов, Андрей МихайловичTitle: Commander DOB: 14/06/1964. POB: Stary Oskol, Belgorod Region, Russia a.k.a: BOGATOV, Andrei, Mychailovych Nationality: Russia Position: Was Head of the 4th Reconnaissance and Attack Company of the Wagner Group Other Information: (UK Sanctions List […]

Lotsa updates from OFSI…

18 entries added to the consolidated list 18 entries have been added to the consolidated list under the Russia and Myanmarfinancial sanctions regimes and are now subject to an asset freeze. On 16 June 2022 the Foreign, Commonwealth and Development Office updated the UK Sanctions List on GOV.UK. This list provides details of those designated […]