Proportionality is real – OFAC Enforcement Action against British Arab...
This is the fun part – right up front: British Arab Commercial Bank plc Settles Potential Liability for Apparent Violations of the Sudanese Sanctions Regulations: British Arab Commercial Bank plc...
View ArticleSeptember 24, 2019: OFAC sanctions entities supplying Venezuelan oil to Cuba
On Tuesday, the Office of Foreign Assets Control (OFAC), part of the US Treasury Department, added the following entities: BLUELANE OVERSEAS SA, Panama City, Panama; Identification Number IMO 6109861...
View ArticleOFAC’s little ARBP reminder
Reminder for the Annual Report of Blocked Property 9/23/2019 On July 1, 2019, the Office of Foreign Assets Control (OFAC) issued a recent action notice, reminding holders of property blocked pursuant...
View ArticleOFAC adds Chinese persons & firms to Iran sanctions
Today, OFAC added the following persons: LI, Yi (Chinese Simplified: 李奕), Room 202, No. 6, Lane 5848, North Zhang Yang Road, Pu Dong District, Shanghai, China; DOB 23 Feb 1975; Executive Order 13846...
View ArticleHKMA Alert: Fraudulent Bank of China website
Press Releases 09 Sep 2019 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...
View ArticleSeptember 25, 2019: State Department Statement on sanctioning of Chinese...
The United States Imposes Sanctions on Chinese Companies for Transporting Iranian Oil PRESS STATEMENT MICHAEL R. POMPEO, SECRETARY OF STATE SEPTEMBER 25, 2019 Share Today, the United States is taking...
View ArticleSeptember 26, 2019: OFAC adds to Ukraine/Russia, Syria programs
On Thursday, OFAC added the following people: LOGINOV, Ilya (a.k.a. LOGINOV, Ilya Alekseyevich (Cyrillic: ЛОГИНОВ, Илья Алексеевич)); DOB 02 Jul 1971; nationality Russia; Gender Male; Deputy General...
View ArticleSeptember 27, 2019: EU, OFSI add 7 to Venezuela sanctions
On Friday, UK regulators implemented Council Implementing Regulation (EU) 2019/1586 by adding the following 7 individuals: 1. HURTADO,NestorBlanco DOB: 26/09/1982. National Identification no:...
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OFAC designates Prigozhin’s associates, firms and his toys – and updates some...
Today, OFAC added the following entities: AUTOLEX TRANSPORT LTD., Alpha Centre, Providence Office, Number 22, Mahe, Seychelles [UKRAINE-EO13661] [CYBER2] [ELECTION-EO13848] (Linked To: PRIGOZHIN,...
View ArticleSeptember 26, 2019: You can’t get here from Tehran…
Iranian Regime Elite and Families Can No Longer Travel to the United States PRESS STATEMENT MICHAEL R. POMPEO, SECRETARY OF STATE SEPTEMBER 26, 2019 Share Today, the President announced a Presidential...
View ArticleState Department statement on Monday’s foreign interference designations
U.S. Targets Russian Actors Involved in Efforts to Influence U.S. Elections PRESS STATEMENT MICHAEL R. POMPEO, SECRETARY OF STATE SEPTEMBER 30, 2019 Share Today, the United States continues to take...
View ArticleSECO amends 40 Ukraine sanctions listings
News 01 October 2019 International sanction Updated sanction message The Federal Department of Economic Affairs, Education and Research WBF has published an amendment to Annex 3 of the Ordinance of...
View ArticleSECO amends Nizar Al-Assad Syria sanctions listing
News 01 October 2019 International sanction Updated sanction message The Federal Department of Economic Affairs, Education and Research WBF has published an amendment to Annex 7 of the Ordinance of 8...
View ArticleSeptember 30, 2019: Venezuela General Licences 3 and 9 updated
General License 3 is up to revision G, while 9 is up to F. The relevant paragraph in 3G says: (c) Except as provided in paragraph (:f) of this general license, all transactions and activities...
View ArticleOFAC Enforcement Action: General Electric
For a period of over 3 years, GE appears to have violated the Cuban Assets Control Regulations (CACR) 289 times, resulting in a settlement of $2,718,581, as opposed to a base penalty of $3,377,119 and...
View ArticleEU updates arms export controls
Control of arms export: Council adopts conclusions, new decision updating the EU’s common rules and a revised user’s guide The Council today adopted a decision amending the Council Common Position of...
View ArticleHKMA Alert: Fraudulent Bank of East Asia website
Press Releases 16 Sep 2019 Fraudulent website related to The Bank of East Asia, Limited The Hong Kong Monetary Authority (HKMA) wishes to alert members of the public to a press release issued by The...
View ArticleOctober 4, 2019: Reminder to fill out your UK paperwork
Reminder: frozen assets reporting 2019 OFSI is conducting its annual frozen assets review. If you hold or control funds or economic resources belonging to, owned, held, or controlled by a designated...
View Article2-fer fraud: 2 HKMA fraud alerts for Bank of China
They’re identical, except for the date (and the embedded link, one would hope)… 08 Oct 2019 Phishing emails related to Bank of China (Hong Kong) Limited The Hong Kong Monetary Authority (HKMA) wishes...
View ArticleIs Adobe overreacting? Or was this the US intention?
So, according to this story (one of many), Adobe is going to cut off all Venezuelan customers. It looks like it’s struggling with the latest OFAC Executive Order, which blocks all assets of the...
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