Menu Home

OSFI significantly adds to Iran sanctions list

Under the auspices of the Special Economic Measures Act (SEMA), the Special Economic Measures (Iran) Regulations have been amended to include 82 additional entities and 30 additional individuals. The notice from OSFI specifically notes that the list of entities include Iranian banks and other financial institutions. The notice itself is […]

OFAC Knows Where Every Penny Is…

Yesterday, OFAC issued its annual report of the assets blocked under its various anti-terrorism sanctions programs. Not only does the report show the amounts held in 2011 and 2012 for both international terrorist groups and state sponsors of terrorism, it also adds information on the various Executive Orders and laws […]

Australia proffers a carrot to Zimbabwe

The Brisbane Times reports that, in light of the overwhelming vote (90% in favor) on a new Zimbabwean constitution, the Australian government will be lifting economic sanctions on 65 individuals and 3 entities. This is a second loosening of sanctions in the last 3 months. Back in March, 55 individuals […]

The Carrot and the Stick in Myanmar

The Washington Post reported this week that the Obama administration has not added anyone to the Burmese sanctions program for over 3 1/2 years, despite calls for additional listings from the US Embassy in Yangon. Accordingly, the SDN list only includes slightly over 100 individuals and entities under the Burmese […]

May 23, 2013 OFAC Updates to Iran & WMD Sanctions

Changes were made to the SDN List for two Iran sanctions programs (Government of Iran and IFSR) and the non-proliferation program. The following individuals were added under the Government of Iran sanctions program: BAHADORI, Masoud; nationality Iran; Passport T12828814 (Iran); Managing Director, Petro Suisse Intertrade Company (individual) [IRAN]. BAZARGAN, Farzad; […]