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OFAC publishes final rule for IFSR amendments

The final rule implements sections 503 and 504 of the Iran Threat Reduction and Syria Human Rights Act of 2012 (aka “TRA”), which affects the Iranian Financial Sanctions Regulations (“IFSR”) and the National Defense Authorization Act of 2012 (“NDAA”). Bottom line on the significant changes: Foreign banks can be sanctioned […]

OFAC issues General License No. 16 for Syria

The new General License permits services, including funds transfers, to the National Coalition of Syrian Revolutionary and Opposition Forces (i.e. the rebels opposing the Al-Assad government). Mr. Watchlist will get a link to that up on the Licenses page, but for now, I’ll provide one here. Links: OFAC press release […]

DFAT, UN: Gotcha! [Updated – OSFI, too]

DFAT has updated its Consolidated List to reflect that the following individual was arrested last year in Algeria: QI.G.251.08. Name: 1: SALAH EDDINE 2: GASMI 3: na 4: na Name (original script): صالح قاسمي Title: na Designation: na DOB: 13 Apr. 1971 POB: Zeribet El Oued, Wilaya (province) of Biskra, […]

March 14, 2013 OFAC Updates to Iranian sanctions

OFAC today sanctioned the following: One individual sanctioned under the Iran Sanctions Act: CAMBIS, Dimitris (a.k.a. KAMPIS, Dimitrios Alexandros; a.k.a. KLIMT, Gustav); DOB 14 Oct 1963 (individual) [IRAN] [ISA]. A number of entities, including some related to shipping: ASIA ENERGY GENERAL TRADING (LLC), Suite 703, Twin Tower, Baniyas Street, Deira, […]