OFAC Enforcement Action: Expedia Group
Expedia Group, Inc. (“Expedia”) Settles Potential Civil Liability for Apparent Violations of the Cuban Assets Control Regulations: Expedia Group Inc., headquartered in Bellevue, Washington, on behalf...
View ArticleOFAC Enforcement Action: Hotelbeds USA
Hotelbeds USA, Inc. Settles Potential Civil Liability for Apparent Violations of the Cuba Assets Control Regulations, 31 C.F.R. part 515: Hotelbeds USA, Inc. (“Hotelbeds USA”), incorporated in Florida,...
View ArticleHKMA Alert: Fraudulent Dah Sing Bank website
Press Releases Fraudulent website related to Dah Sing Bank, Limited The Hong Kong Monetary Authority (HKMA) wishes to alert members of the public to a press release issued by Dah Sing Bank, Limited on...
View ArticleOFAC Enforcement Action: Cubasphere Inc (and an individual)
An Individual and Cubasphere Inc. Settle Potential Civil Liability for Apparent Violations of the Cuban Assets Control Regulations: An individual (the “Individual”), as well as Cubasphere Inc....
View ArticleJune 13, 2019: CMPs getting inflated again…
Under the Federal Civil Penalty Inflation Adjustment Act of 1990 (amended under the Debt Collection Improvement Act of 1996 and the Federal Civil Penalties Inflation Adjusement Act Improvements Act of...
View ArticleJune 19, 2019: OFAC designates Russian financial firm under NPWMD sanctions
Yesterday, OFAC added the following entity: LIMITED LIABILITY COMPANY NON-BANK CREDIT ORGANIZATION RUSSIAN FINANCIAL SOCIETY (Cyrillic: ОϬЩЕСТВО С ОГРАНИЧЕННОЙ ОТВЕТСТВЕННОСТЬЮ НЕБАНКОВСКАЯ КРЕДИТНАЯ...
View ArticleHKMA Alert: Fraudulent Bank of China website
Press Releases Fraudulent website related to Bank of China (Hong Kong) Limited The Hong Kong Monetary Authority (HKMA) wishes to alert members of the public to a press release issued by Bank of China...
View ArticleJune 20, 2019: EU extends Crimea/Sevastopol-related sanctions on Russia
Illegal annexation of Crimea and Sevastopol: EU extends sanctions by one year On 20 June 2019, the Council prolonged the restrictive measures introduced in response to the illegal annexation of Crimea...
View ArticleJune 20, 2019: OFAC amends the RPPR
Amendment of the Reporting, Procedures and Penalties Regulations (RPPR) 6/20/2019 The Department of the Treasury’s Office of Foreign Assets Control (OFAC) is amending the Reporting, Procedures and...
View ArticleJune 21, 2019: OFAC adds to Nicaragua sanctions designations
On Friday, OFAC added the following persons: to its Nicaragua sanctions program. (Note the new program code for the new Nicaragua human rights program under the Nicaragua Human Rights and...
View ArticleJune 24, 2019: OFAC takes aim at Iran’s senior leadership
Yesterday, the President issued a new executive order which targets the Iranian Supreme Leader and his office, anyone appointed by them, any Iranian state official, any person appointed to lead an...
View ArticleWhatever happened to “strict liability,” OFAC?
From the “Risk Assessment” section of OFAC’s “A Framework for OFAC Compliance Commitments”: OFAC recommends that organizations take a risk-based approach when designing of updating an SCP. That flies...
View ArticleHKMA Alert: HSBC Phishing Emails
Press Releases Phishing emails related to The Hongkong and Shanghai Banking Corporation Limited The Hong Kong Monetary Authority (HKMA) wishes to alert members of the public to a press release issued...
View ArticleJune 25, 2019: SECO updates
25 June 2019 International sanction Updated sanction message The State Secretariat for Economic Affairs (SECO) has published an amendment to Annex 1 of the Ordinance of 7 August 1990 on economic...
View ArticleJune 26, 2019: OFAC updates Venezuela and Ukraine-related General Licenses
Issuance of Amended Venezuela-related General License; Temporary Extension of Ukraine-related General Licenses 6/26/2019 The Department of the Treasury’s Office of Foreign Assets Control (OFAC) is...
View ArticleJune 26, 2019: OFAC amends DPRK regulations
Publication of Amended North Korea Sanctions Regulations 6/26/2019 The Department of the Treasury’s Office of Foreign Assets Control (OFAC) is amending the North Korea Sanctions Regulationsto update...
View ArticleJune 27, 2019: UN, DFAT amend one South Sudan listing
On Thursday, Australian officials updated the following South Sudan listing: SSi.008 Name: 1: PAUL 2: MALONG 3: AWAN 4: n.a. ANEI Title: General Designation: a) Former Chief of Staff of the Sudan...
View ArticleJune 27, 2019: UN, DFAT remove more Iraq entities
On Thursday, Australian officials removed the following entities: IQe.015 Name: AUTOMOBILE STATE ENTERPRISE A.k.a.: na F.k.a.: na Address: Near Andulus Square, off Nidal Street, P.O. Box 3270, Bagdad,...
View ArticleJune 28, 2019: EU, OFSI adopt cyber-attacks sanctions program
Cyber-Attacks 1. On 17 May 2019, the Council of the European Union adopted Council Regulation (EU) 2019/797 (the Regulation) concerning restrictive measures against cyber-attacks threatening the Union...
View ArticleJune 28, 2019: OFAC sanctions Maduro’s son
On Friday, OFAC designated: MADURO GUERRA, Nicolas Ernesto (Latin: MADURO GUERRA, Nicolás Ernesto), Caracas, Capital District, Venezuela; DOB 21 Jun 1990; Gender Male; Cedula No. 19398759 (Venezuela)...
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