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August 13, 2014: OFAC updates the 50% rule
Yesterday, OFAC issued updated guidance on “Entities Owned by Persons Whose Property and Interests in Property Are Blocked” – and an FAQ: These Frequently Asked Questions (FAQs) respond to inquiries...
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OFAC’s 50% rule FAQ: Questions 398 and 399
398. Does OFAC consider entities over which one or more blocked persons exercise control, but do not own 50 percent or more of, to be blocked pursuant to OFAC’s 50 Percent Rule? No. OFAC’s 50 Percent...
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OFAC’s 50% Rule FAQ: Questions 400 and 401
400. As explained in FAQ 398, OFAC’s 50 Percent Rule does not apply if one or more individuals who are blocked persons (blocked individuals) control, but do not own 50 percent or more of, an entity....
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August 18, 2014: OFAC adds 2 to terror rolls
On Monday, OFAC added the following 2 individuals: AL-ADNANI, Abu Mohammed (a.k.a. AL-ADNANI, Abu Mohamed; a.k.a. AL-ADNANI, Abu Mohammad; a.k.a. AL-BANSHI, Taha; a.k.a. AL-KHATAB, Abu Baker; a.k.a....
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OFAC adds new terrorist entity
Today, OFAC added the following group: MUJAHIDIN SHURA COUNCIL IN THE ENVIRONS OF JERUSALEM (a.k.a. MAGLES SHOURA AL-MUJAHDDIN; a.k.a. MAJLIS SHURA AL-MUJAHEDIN FI AKNAF BAYT AL-MAQDIS; a.k.a. MAJLIS...
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August 19, 2014: UN, DFAT, OSFI add 6 to Al-Qaida sanctions
On Tuesday, the Australian Department of Foreign Affairs and Trade (DFAT), and Canada's Office of the Superintendent of Financial Institutions (OSFI) added the following 6 people to their Consolidated...
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HKMA takes note of new consent order between NY and Standard Chartered Bank
I guess this is what happens if the first massive fine doesn't your attention: US action against Standard Chartered Bank The Hong Kong Monetary Authority (“HKMA”) has taken note of the Consent Order...
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UN Narrative Summary for Said Arif designation
QI.A.323.14. SAID ARIF Date on which the narrative summary became available on the Committee’s website: 15.08.14 Said Arif was listed on 15 August 2014 pursuant to paragraphs 2 and 4 of resolution...
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UN Narrative Summary: Abdul Mohsen Abdalah Ibrahim Al Charekh
QI.A.324.14. ABDUL MOHSEN ABDALLAH IBRAHIM AL CHAREKH Date on which the narrative summary became available on the Committee’s website: 15.08.14 Abdul Mohsen Abdallah Ibrahim al Charekh was listed on...
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UN Narrative Summary for Abou Mohamed Al-Adnani
Note the different spelling from the OFAC designation: QI.A.325.14. ABOU MOHAMED AL ADNANI Date on which the narrative summary became available on the Committee’s website: 15.08.14 Abou Mohamed al...
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UN Narrative Summary for Hamid Hamad Hamid al-Ali
QI.A.326.14. HAMID HAMAD HAMID AL-‘ALI Date on which the narrative summary became available on the Committee’s website: 15.08.14 Hamid Hamad Hamid al-‘Ali was listed on 15 August 2014 pursuant to...
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UN Narrative Summary: Abdelrahman Mouhamad Zafir al-Dabidi al-Jahani
QI.A.327.14. ABDELRAHMAN MOUHAMAD ZAFIR AL DABIDI AL JAHANI Date on which the narrative summary became available on the Committee’s website: 15.08.14 Abdelrahman Mouhamad Zafir al Dabidi al Jahani was...
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UN Narrative Summary for Hajjaj bin Fahd al-Ajmi
QI.A.328.14. HAJJAJ BIN FAHD AL AJMI Date on which the narrative summary became available on the Committee’s website: 15.08.14 Hajjaj bin Fahd al Ajmi was listed on 15 August 2014 pursuant to...
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August 20,2014: Belarus, Kingpin Act and Cuba sanctions changes by OFAC
On Wednesday, OFAC added the following to the SDN List under its Kingpin Act anti-narcotics trafficking sanctions: VALLE VALLE, Jose Reynerio; DOB 15 Jan 1974; nationality Honduras (individual)...
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August 21, 2014: A man and his hawala…
On Thursday, OFAC designated these people under the terror sanctions program: BASIR, Haji Abdul (a.k.a. 'ABD AL-BASIR, Haji; a.k.a. BASEER, Abdul; a.k.a. BASIR, Abdal; a.k.a. NOORZAI, Haji Basir),...
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UN, DFAT add Qari Rahmat to Taliban sanctions
Today, Australian regulators added the following person to their Consolidated List after his designation by the UN's 1988 Committee: TI.R.172.14. Name: 1: QARI 2: RAHMAT 3: na 4: na Name (original...
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August 24, 2014: OSFI adds Qari Rahmat to Consolidated List, too
Following on the heels of DFAT's update (being 14 hours ahead helps), the Canadian regulator added the following person under their terror sanctions program: TI.R.172.14. Name: 1: QARI 2: RAHMAT 3: na...
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August 24, 2014: OFAC throttles its users
Apparently, some people are using OFAC's Sanctions List Search tool as their primary SDN List search. So, in order that system performance is good for everyone, people that use it heavily will see...
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Un, DFAT agree: Wa’el Hamza Abd al-Fatah Julaidan no longer Al-Qaida
Today, DFAT removed the following person from its Consolidated List, after a similar action by the United Nations: QI.J.79.02. Name: 1: WA’EL 2: HAMZA 3: ABD AL-FATAH 4: JULAIDAN Name (original...
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More on Said Arif from US State Department
On August 18th, Said Arif was designated by OFAC – and the State Department issued a statement about the terrorist: The Department of State has designated Said Arif as a Specially Designated Global...
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