Sanctions Regulations
The OFAC 50 Percent Rule, and whether or not it applies to the Chinese Military Companies program, of course. It’s a short way of saying, I have a new episode of Mr. Watchlist’s DesigNation – Mr. Watchlist’s Nightmare. Now, I’m experimenting here… hopefully, a little web player just appeared… if […]
Today, Swiss authorities added the following persons to their Syria travel & financial sanctions: SSID: 200-43870 Name: Bassam Tou’ma Sex: M DOB: 1969 POB: Safita, Syrian Arab Republic Good quality a.k.a.: Tu’ma Justification: Minister of oil and mineral resources. Appointed in Aug 2020. As a Government Minister, shares responsibility for […]
Publication of International Criminal Court-Related Sanctions Regulations; Amended Weapons of Mass Destruction Proliferators Sanctions Regulations and Iranian Transactions and Sanctions Regulations Release date 09/30/2020 Body The Department of the Treasury’s Office of Foreign Assets Control (OFAC) is adding regulations to implement Executive Order 13928 of June 11, 2020 (“Blocking Property of Certain […]
The Department of the Treasury’s Office of Foreign Assets Control (OFAC) is amending the Cuban Assets Control Regulations, 31 C.F.R. Part 515 (CACR) to further implement portions of the President’s foreign policy toward Cuba. OFAC is also publishing a number of new and updated Frequently Asked Questions. Arrived in my […]
Suspension of Private Charter Flights between the United States and Cuba PRESS STATEMENT MICHAEL R. POMPEO, SECRETARY OF STATE AUGUST 13, 2020 Share Today, I requested that the Department of Transportation suspend private charter flights to all Cuban airports, including Havana. This action will suspend all charter flights between the […]
The United States Imposes Visa Restrictions on Multiple Individuals Undermining Sudan’s Civilian-Led Transitional Government PRESS STATEMENT MICHAEL R. POMPEO, SECRETARY OF STATE AUGUST 13, 2020 Share The United States continues to stand with the people of Sudan and the aspirations of the revolution that ousted former President Omar al-Bashir in […]
Publication of Syria-related Sanctions Regulations 6/4/2020 The Office of Foreign Assets Control (OFAC) is issuing regulations to implement Executive Order 13894 of October 14, 2019 (“Blocking Property and Suspending Entry of Certain Persons Contributing to the Situation in Syria”). These regulations are currently available for public inspection with the Federal Register […]
As you may know, the OFAC 50 Percent Rule guidance says that entities owned by 1 or more sanctioned parties subject to the same types of sanctions (e.g. asset freezes, capital markets restrictions, etc.) are considered sanctioned themselves if the ownership stake of the sanctioned parties reaches 50% or greater […]
Publication of Amended North Korea Sanctions Regulations 4/9/2020 OFAC is amending the North Korea Sanctions Regulations, 31 C.F.R. part 510, to further implement the North Korea Sanctions and Policy Enhancement Act of 2016, as amended by the Countering America’s Adversaries Through Sanctions Act of 2017 and the National Defense Authorization Act […]
Implementation of the Federal Civil Penalties Inflation Adjustment Act 4/8/2020 The Department of the Treasury’s Office of Foreign Assets Control (OFAC) is amending its regulations to implement for 2020 the Federal Civil Penalties Inflation Adjustment Act of 1990, as amended by the Debt Collection Improvement Act of 1996 and the Federal Civil […]
