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May 14, 2014: OFAC updates Terror and Drug Trafficking designations
On Wednesday, OFAC added the following terrorists and terror organizations: AL-JUHNI, 'Abd Al-Rahman Muhammad Zafir Al-Dubaysi (a.k.a. AL-JAHANI, Abd al-Rahman Muhammad Zafir al-Dabisi; a.k.a....
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May 15, 2014: UN, DFAT, OSFI update 3 terror listings
On Thursday, Australian and Canadian regulators updated the listings for the following person: QI.D.111.03. Name: 1: AGUS 2: DWIKARNA 3: na 4: na Title: na Designation: na DOB: 11 Aug. 1964 POB:...
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May 15, 2014: OFAC adds 3 individuals, 3 entities to Kingpin Act sanctions
On Thursday, OFAC added the following 3 persons: ROMERO ZEVADA, Demetrio, Nogalitos No. 17, Quila, Sinaloa, Mexico; DOB 09 Apr 1973; POB Culiacan, Sinaloa, Mexico; C.U.R.P. ROZD730409HSLMVM09 (Mexico)...
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FCPA Enforcement Action: Marubeni Corporation Fined $88 million
From the Justice Department, the full text of the statement: Department of Justice Office of Public Affairs FOR IMMEDIATE RELEASE Thursday, May 15, 2014 Marubeni Corporation Sentenced for Foreign...
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UN, DFAT add 3 to Central African Republic sanctions
Australian regulators, in accordance with the change by the United Nations, has added the following 3 names to its Consolidated List, under the sanctions against the Central African Republic (CAR):...
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Why sanction the CAR?
Economic sanctions work best when the carrots and sticks of trade and commerce cause a change in behavior in the sanctions targets. On the one hand, Cuban sanctions are clearly ineffective, while one...
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May 20, 2014: UN, DFAT update 6 Taliban sanctions listings (Update: OSFI, too)
On Tuesday, following similar action by the United Nations, Australian regulators modified the following records in the Consolidated associated with sanctions on the Taliban: TI.A.34.01. Name: 1:...
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Sweden Explains It All: EU South Sudan sanctions
This is the historical background on the EU's South Sudan sanctions program: In 2004, the United Nations imposed an arms embargo against the armed groups in Darfur, Sudan, which was subsequently...
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May 23-26, 2014: UN, DFAT, OSFI add one to Al-Qaida sanctions list
Australian and Canadian regulators have added the following person to their Consolidated List, after similar action by the United Nations: QE.B.138.14. Name: JAMA'ATU AHLIS SUNNA LIDDA'AWATI WAL-JIHAD...
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May 23, 2014: OFAC adds Morteza Tamaddon to Iran TRA sanctions
On Friday, OFAC added the following person to the SDN List under the Iran TRA (Threat Reduction Act) sanctions: TAMADDON, Morteza; DOB 1959; POB Shahr Kord-Isfahan, Iran; Additional Sanctions...
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Follow the Leader: non-EU countries following EU sanctions
On Monday, the EU's High Representative, Catherine Ashton, issued a slew of statements acknowledging that a set of countries outside the EU are following the EU sanctions program: Council Decision...
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Executive Order 13608 FAQ: Part 1
191. What does Executive Order 13608 “Prohibiting Certain Transactions with and Suspending Entry into the United States of Foreign Sanctions Evaders with Respect to Iran and Syria” do? This Executive...
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EU Extends Syria sanctions for another year
Here’s the press release: Syria: EU economic sanctions extended until 1 June 2015 The Council has agreed to renew the restrictive measures against the Syrian regime, on the basis of a review of the...
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May 27, 2014: New Executive Order on US Iraq-related sanctions
On Tuesday, President Barack Obama issued a new Executive Order modifying the Iraq-related sanctions that OFAC enforces: I, BARACK OBAMA, President of the United States of America, have determined...
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May 29, 2014: EU, HMT make changes to Al-Qaida designations
On Thursday, Her Majesty’s Treasury added the following two entities: 1. AL-NUSRAH FRONT FOR THE PEOPLE OF THE LEVANT a.k.a: (1) AL-NUSRA FRONT (2) AL-NUSRAH FRONT (3) ANSAR AL-MUJAHIDEEN NETWORK (4)...
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May 29, 2014: EU, HMT modify 19 Ukraine-related listings
On Thursday, Her Majesty’s Treasury, in line with Council Implementing Regulation (EU) No 577/2014, modified the following 19 listings on their Consolidated List: Individuals BEZLER, Igor, Mykolaiovych...
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May 30, 2014: EU, HMT modify Syrian sanctions lists
On Friday, in accordance with Council Implementing Regulation (EU) No 578/2014, Her Majesty’s Treasury removed the following 2 persons from the sanctions imposed on Syria: SHAWKAT, Asif DOB:...
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May 30, 2014: OFAC designates new Guinea-Bissau, Colombia, El Salvador...
On Friday, OFAC added the following 3 persons to the SDN List under the anti-narcotics trafficking sanctions program: BARROS, Francisco de Fatima Frederico (a.k.a. BARROS FREDERICO, Lucio Francisco de...
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OFAC’s CISADA FAQ
149. What activities by foreign financial institutions can subject them to CISADA sanctions?As described in the Iranian Financial Sanctions Regulations, the sanctionable activities of a foreign...
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June 2, 2014: World’s Shortest FAQ issued by OFAC!
On Monday, OFAC issued a 1-question Frequently Asked Questions (FAQ) section about the South Sudan-related Executive Order – blink and you'll miss it: Question on Executive Order 13664, “Blocking...
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