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OFAC-a-Rama: Updated Venezuela GL , Updated TCO regulations, Civil Monetary Penalty definition update

Issuance of Venezuela-related General License 5I and Updated Frequently Asked Question; Issuance of Amended Transnational Criminal Organizations Sanctions Regulations; Amendment of the definition of the term “Applicable Schedule Amount”  Release date01/20/2022Body The Department of the Treasury’s Office of Foreign Assets Control (OFAC) is issuing Venezuela-related General License 5I, “Authorizing Certain Transactions […]

A warning shot across the bow: OFAC designates people under Russian Harmful Foreign Activities program

OFAC designated the following 3 persons: KOZAK, Taras Romanovych, Ukraine; DOB 06 Apr 1972; POB Lviv, Ukraine; nationality Ukraine; Gender Male (individual) [RUSSIA-EO14024].OLIYNYK, Volodymyr Mykolayovych (Cyrillic: ОЛЕЙНИК, Володимир Миколаевич) (a.k.a. OLEINIK, Vladimir Nikolayevich (Cyrillic: ОЛЕЙНИК, Владимир Николаевич); a.k.a. OLIINYK, Volodymyr), Moscow, Russia; Yalta, Crimea, Ukraine; DOB 16 Apr 1957; POB […]

HKMA Mobile App Alert: WeLab Bank Limited

Press Releases 07 Jan 2022 Mobile Application (App) Alert – Fraudulent mobile application (App) related to WeLab Bank Limited The Hong Kong Monetary Authority (HKMA) wishes to alert members of the public to a press release issued by WeLab Bank Limited relating to a fraudulent App, which has been reported […]

Follow the leader: OFSI removes 3 Al-Haramain foundations from counter terror sanctions

As per the United Nations ISIL (Da’esh) and Al-Qaida Sanctions Committee, and as already updated yesterday by SECO in Switzerland, UK regulators have removed the following entities: 1. AL-HARAMAIN FOUNDATION (INDONESIA)a.k.a: Yayasan Al-Manahil-Indonesia Address: Jalan Laut Sulawesi Blok DII/4, Kavling Angkatan Laut Duren Sawit, Jakarta Timur, Indonesia, 13440 (at time […]