EU, OFSI update Anjem Choudary counter terror listing
Earlier today, UK regulators implemented Commission Implementing Regulation (EU) 2019/1731 by amending the designation of: 1. CHOUDARY, ANJEM DOB: 18/01/1967. POB: Welling, London, United Kingdom...
View ArticleOctober 21, 2019: OFAC amends Venezuela General License 8
This is the PdVSA one, which authorizes maintaining “operations, contracts or other agreements” with PdVSA or things it owns for Chevron, Halliburton, Schlumberger, Baker Hughes and Weatherford...
View ArticleOctober 22, 2019: Belarus General License 2 extended again…
It’s now on version G, and was extended for 18 months this time (usually was being extended for a year at a time)…. why not just leave it open-ended, and revoke it if necessary? Links: OFAC Notice...
View ArticleOctober 23, 2019: Easy come, easy go
Yesterday, OFAC’s brand-new Syria-related sanctions program was essentially terminated – by removing the handful of designations: AKAR, Hulisi, Turkey; DOB 1952; POB Kayseri, Turkey; Gender Male...
View ArticleOctober 24, 2019: OFAC lets you wind down your business with COSCO Dalian…
On Thursday, OFAC issued Iran General License K, which gives you about 2 months (till December 20th) to take care of any maintenance or wind down transactions involving COSCO Shipping Tanker (Dalian)...
View ArticleOctober 25, 2019: OFSI issues post-Brexit Russia sanctions guidance
On Friday, UK regulators issued a guidance document about what Russia sanctions will look like after the exit from the EU. There are specific sections on Asset Freezes, processing payments,...
View ArticleOctober 24, 2019: OFAC amends Venezuela General License 5
On Thursday, OFAC updated General License 5 (now 5A) for the Venezuela program, making the authorization for these transactions regarding the PdVSA 8.5% 2020 bond only effective starting in...
View ArticleOctober 25, 2019: Iran now a PMLC, and humanitarian assistance mechanism...
On Friday, Treasury imposed Special Measure 5 (i.e. no correspondent banking accounts allowed) on Iran, but announced how Iran could still get humanitarian assistance: PRESS RELEASES Treasury and State...
View ArticleNow, that’s more like it: OFSI fines Telia Carrier UK £146,341
The penalty, for which Telia requested and received a Ministerial review, was for repeated facilitation of international phone calls to a sanctioned Syrian entity (SyriaTel) “over an extended period of...
View ArticleHKMA Alert: HSBC phishing email
11 Oct 2019 Phishing email 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 by...
View ArticleSECO desists 2 Iraqi State Organizations
Earlier today, Swiss authorities removed the following 2 entities: SSID: 70-2820 Name: State Organization For Irrigation Projects Good quality a.k.a.: General Establishment For Irrigation Projects...
View ArticleMay 10, 2019: Central Bank of Ireland fines Campbell O’Connor & Company for...
On 8 May 2019, the Central Bank of Ireland (the “Central Bank”) reprimanded and imposed a fine of €280,000 on Campbell O’Connor & Company (the “Firm”) for five breaches of the Criminal Justice...
View ArticleNovember 1, 2019: OFAC amends 2 Ukraine-related General Licenses
Issuance of Amended Ukraine-related General Licenses 11/1/2019 Today OFAC extended the expiration date of two general licenses related to GAZ Group by issuing Ukraine-related General License No. 13M–...
View ArticleHKMA Alert: liquidglobalfingroup.com suspected to be fraudulent
16 Oct 2019 Suspected fraudulent website : https://liquidglobalfingroup.com/Home The Hong Kong Monetary Authority (HKMA) wishes to alert members of the public in Hong Kong to a suspected fraudulent...
View ArticleNovember 4, 2019: UNB, DFAT remove 2 Iraq entities
Yesterday, Australian regulators removed the following 2 entities: IQe.173 Name: STATE ORGANIZATION FOR IRRIGATION PROJECTS A.k.a.: GENERAL ESTABLISHMENT FOR IRRIGATION PROJECTS F.k.a.: na Address: a)...
View ArticleHKMA Alert: Fraudulent China CITIC Bank websites
16 Oct 2019 Fraudulent websites related to China CITIC Bank International Limited The Hong Kong Monetary Authority (HKMA) wishes to alert members of the public to a press release issued by China CITIC...
View ArticleNovember 4, 2019: OFAC adds under Iran E.O. 13876 program, removes 2...
On Monday, OFAC added the following persons: BAGHERI, Mohammad (a.k.a. BAGHERI AFSHORDI, Mohammad; a.k.a. BAGHERI, Mohammed; a.k.a. BAQERI, Mohammad Hossein), Iran; DOB 1960; POB Tehran, Iran;...
View ArticleOFAC changes to Venezuela & Syria General Licenses, and some new Venezuela SDNs
Today, OFAC added the following persons: BLANCO HURTADO, Nestor Neptali, Miranda, Venezuela; DOB 26 Sep 1982; nationality Venezuela; Gender Male; Cedula No. 15222057 (Venezuela) (individual)...
View ArticleOops… OFAC changes also made to Venezuela FAQs
Sorry about this – about those OFAC changes to the Venezuela program I just posted? Well, OFAC also issued a new Frequently Asked Question (FAQ): 803. What types of activity does General License 35...
View ArticleNovember 5, 2019: OFAC plays catchup with TSRA reports
2nd, 3rd and 4th Quarter FY2018 Reports for Licensing Activities Undertaken Pursuant to the Trade Sanctions Reform and Export Enhancement Act of 2000 (TSRA) 11/5/2019 OFAC has released Quarterly...
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