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March 6, 2014: OSFI adds 1, delists 8 under FACFOTER
That's the Freezing Assets of Corrupt Foreign Officials (Tunisia and Egypt) Regulations. Here are the changes: 2. Items 9, 19, 47 to 51 and 122 of Schedule 2 to the Regulations are repealed: 9. Rachid...
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OFAC asks you to Save the Dates!
Two one-day sanctions-related symposia this year – one on April 8th and one in the fall: Links: OFAC Notice OFAC Save the Date flyer Posted with BlogsyFiled under: Industry Events, OFAC Updates
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March 10, 2014: SECO adds 9 to Ukraine sanctions
Yesterday, the Swiss regulator added the following names to their Ukraine sanctions: Oleksii Mykolayovych AZAROV, Sohn des ehemaligen Premierministers Azarov Ihor Oleksandrovych KALININ, geboren am 28....
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OFAC Enforcement Action: Ubiquiti Networks forks over $504,225
Between March 2008 and February 2011, the firm took part in transactions supplying wireless broadband equipment to Iran (through distributors in the United Arab Emirates and Greece). The base penalty...
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March 11, 2014: SECO Updates Terror, Zimbabwe sanctions
On Tuesday, Swiss regulators made 2 sets of updates to their sanctions lists. First, they added additional information to the following listings: SSID: 10-18212 Foreign identifier: TI.A.148.10. Name:...
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Sweden Explains It All: EU Myanmar sanctions
This is how the sanctions against Myanmar have evolved: In October 1996, the EU introduced various types of sanctions against Myanmar (Burma) and its leadership due to serious flaws with regard to...
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Sweden Explains It All: Eritrea
This is the history of the EU's Eritrea sanctions program: In light of the fact that Eritrea is considered to have actively fuelled the conflict in Somalia through support to Al-Shabab, and in addition...
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EU gets tough on beneficial owners
The European Parliament voted to amend the draft Anti-Money Laundering Directive (AMLD) so that beneficial owners of EU companies and trusts would have to be listed in public registries, which would be...
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March 12, 2014: EU, HMT sanction Central African Republic (CAR)
Last Wednesday, Her Majesty's Treasury noted that the Council of the European Union has adopted Council Regulation (EU) No 224/2014, which establishes a financial sanctions regime for the Central...
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March 13, 2014: OFAC designates Zeta 33 as a narcotics kingpin
Of course, that's just an alias (he's actually Eduardo Mendoza Robles) for the latest addition to the SDN List: MENDOZA ROBLES, Eduardo (a.k.a. “ZETA 33″); DOB 05 Dec 1966; POB Nuevo Laredo,...
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Yacine Ahmed Nacer removed from DFAT, UN terror rolls
Today, DFAT announced that the following person, previously thought to be associated with Al-Qaida, was removed from its Consolidated List, following the same action at the United Nations:...
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Breaking news: new Ukraine-related Executive Order and SDN designations
We knew it was coming… Today, President Obama issued a new Executive Order which gives the government the ability to sanction government officials of the Russian Federation. It expands on the previous...
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March 13, 2014: OFAC published 4QFY2013 TSRA licensing report
The TSRA (Trade Sanctions Reform and Export Enhancement Act of 2000) allows certain agricultural commodities, medicines and medical devices to be exported to Sudan and Iran under licenses issued by...
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March 14, 2014: 3 new TAFA designations
On Friday, Her Majesty's Treasury (HMT) made 3 new Final Designations under the Terrorist Asset-Freezing etc. Act of 2010 (TAFA): 1. BEGG, MoazzamDOB: 05/07/1968.POB: Sparkhill, United Kingdom a.k.a:...
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EU, HMT sanction 21 over Ukraine events
Council Regulation (EU) No 269/2014, imposed yesterday by the EU, sanctions the following persons: AKSYONOV, Sergey, Valeryevich DOB: 26/11/1972. Position: Prime Minister of Crimea Group ID: 12922....
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OFAC Sanctions Symposium registration now open
The April 8th event is at the Walter E. Washington Convention Center in DC. I've added it to the Events page, in addition to the link below. Link: OFAC Sanctions Symposium Registration Posted with...
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Notice to Exporters 2014/06 suspends licenses for Russian military and...
Another turn of the screw: 1. In response to the growing concerns in relation to events in Russia and Ukraine, Foreign Secretary William Hague made the following statement to the House of Commons on 18...
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Foreign Sanctions Evaders (FSE) FAQ – Part 2
197. What are U.S. persons obligated to do with property of a person listed under Executive Order 13608? Property of a listed person is not blocked, but U.S. persons must have authorization from OFAC...
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OFAC’s FAQ on Weak Aliases
122. What are weak aliases (AKAs)? A “weak AKA” is a term for a relatively broad or generic alias that may generate a large volume of false hits. Weak AKAs include nicknames, noms-de-guerre, and...
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OFAC on the March: New Ukraine-related Executive Order, SDN List designations
Two more rapid-fire changes in the US' sanctions program related to the events in the Ukraine. First, OFAC designated 20 individuals: BUSHMIN, Evgeni Viktorovich (a.k.a. BUSHMIN, Evgeny; a.k.a....
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