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The OFAC Book of Why: Liberian Sanctions

Acting under the authority of the International Emergency Economic Powers Act (IEEPA) and the section 5 of the United Nations Participation Act (UNPA), President George W. Bush issued Executive Order 13384 on July 22, 2004 to sanction the regime of former Liberian President Charles Taylor. The resulting Former Liberian Regime […]

May 2, 2013: OFAC removes 10 from Zimbabwe sanctions

The following have been removed from the Specially-Designated Nationals (SDN) list: MUDENGE, Isack Stan Gorerazvo, 31 St. Brelades Road, Borrowdale, Harare, Zimbabwe; DOB 17 Dec 1948; Passport AD000964 (Zimbabwe); Minister of Higher and Tertiary Education (individual) [ZIMBABWE]. CHINDORI-CHININGA, Edward; DOB 14 Mar 1955; Passport AN388694 (Zimbabwe); Member of Parliament for […]

OSFI updates DPRK sanctions

On the heels of updates by the UN, OSFI has added these four individuals: a. Description: senior official and head of the satellite control center of Korean Committee for Space Technology. b. AKA: Pak Chang-Ho; Paek Ch’ang-Ho c. Identifiers: Passport: 381420754; Passport Date of Issue: 7 December 2011; Passport Date […]

End of Month OFAC Housecleaning for April 2013

A whole mess of removals, from the narcotics trafficking, terror and Iran sanctions lists. First, the deleted drug traffickers: MORENO BERNAL, Luz Marina, c/o PROMOTORA HOTELERA LTDA, Bogota, Colombia; DOB 02 Jul 1955; POB Bogota, Colombia; citizen Colombia; Cedula No. 41703570 (Colombia) (individual) [SDNTK].   DIAZ HERRERA, Jose Ricuarte, c/o […]

OSFI updates thirteen terrorist listings

In accordance with the UN's changes made on Monday, April 22, OSFI has updated its Consolidated list for these listings: TI.M.7.01. Name: 1: ABDUL LATIF 2: MANSUR 3: na 4: na Name (original script): عبداللطیف منصور Title: Maulavi Designation: Minister of Agriculture under the Taliban regime DOB: Approximately 1968 POB: […]

Toyota recalled (not fondly) by OFAC

Toyota Motor Credit Corporation, between 2008 and 2010, processed 26 loan payments totaling $14,449 for a person sanctioned under the Kingpin Act. The base penalty was $26,000 ($1000 for each of the 26 violations, each of which were in the lowest tier of the penalty schedule), but the resultant fine […]

FinCEN gives FATF some props

How? By issuing two advisories that basically reprint FATF's recent roundup of deficient jurisdictions that are not making progress on addressing the weaknesses in their AML/CFT regimes, and the separate group of deficient jurisdictions that have weaknesses in their programs, but have committed to shoring things up. Links: FinCEN advisory […]