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OFAC Enforcement Action: EGL, Inc.

Another day, another fine… EGL, Inc. provided freight forwarding services to Cuba between 2005 and 2008 in violation of the Cuban Assets Control Regulation (CACR), and 10 times to Iran in 2008 in violation of what is now called the Iranian Transactions and Sanctions Regulations (ITSR). The company self-disclosed the […]

March 4, 2013: Two HMT Updates

On Monday, Her Majesty’s Treasury issued two terrorism-related updates to its sanctions lists. The first notice implements Commission Implementing Regulation (EU) No 180/2013, and adds the following 3 individuals to the sanctions list: 1. AG GHALI,Iyad DOB: –/–/1954. POB: Abeibara, Kidal region, Mali Nationality: Malian Address: Mali . Other Information: […]

EU publishes sanctions factsheet

Today, the EU issued a 3-page factsheet on its sanction regime. Nice summary – here are some highlights: EU sanctions are not punitive, but designed to bring about a change in policy or activity by the target country, entities or individuals. Measures are therefore always targeted at such policies or […]

OSFI advises of FATF deficient jurisdictions

OSFI today issued a multi-page document about FATF’s current assessment of anti-money laundering controls in countries with current or previous deficiencies. It is useful when implementing AML controls to take the source and/or destination of business transactions into account. Where controls are lax, the likelihood of fraud and money laundering […]

One addition to DFAT’s Consolidated List

The UN added the following name to its terrorism sanctions… TI.N.166.13. Name: 1: AHMED SHAH 2: NOORZAI 3: OBAIDULLAH 4: na Name (original script): احمد شاه نورزی عبيداالله Title: Mullah Designation: na DOB: a) 1 Jan. 1985 b) 1981 POB: Quetta, Pakistan Good quality a.k.a.: a) Mullah Ahmed Shah Noorzai […]

February 28, 2013: HMT Updates

On Thursday, Her Majesty’s Treasury made changes to the sanctions programs for the Democratic Republic of the Congo (DRC) and terrorism. The following 3 additions were made to the DRC sanctions programs, in accordance with Commission Implementing Regulation (EU) No 1251/2013: 1. KAINA, Innocent Title: Colonel POB: Bunagana, Rutshuru territory, […]

Word of the day: NS-PLC

Did you know that there are two sanctions lists on the OFAC website? Most of us know about the SDN (Specially Designated Nationals) List, but usually not so much about the NS-PLC List (more on why in a second). NS = Non-SDN PLC – Palestinian Legislative Council The Palestinian Legislative […]

HMT Renews ETA designation

Since the 1-year designation period was almost up, Her Majesty’s Treasury on Wednesday renewed the designation for the Basque separatist group ETA: BASQUE FATHERLAND AND LIBERTY a.k.a: (1) ETA (2) Euzkadi Ta Askatasuna Other Information: UK listing only. Group ID: 7083. Links: HMT Notice