Iran, OFAC, Sanctions, Treasury Dept
The Office of Foreign Assets Control (OFAC) has issued two new Iran-related frequently asked question (FAQs). New FAQs: http://www.treasury.gov/resource-center/faqs/Sanctions/Pages/faq_iran.aspx#810 In addition to this notice, OFAC added/made changes to individuals...
OFAC, Sanctions, Treasury Dept, Unverified Parties, Violations & Fines
By: Danielle Hatch Haverly Systems, Inc. (“Haverly”), a New Jersey company with offices in Texas and California, has settled with the Office of Foreign Assets Control (OFAC) over two violations of the Ukraine Related Sanctions Regulations (31 C.F.R. part 589 “URSR”)....
OFAC, Sanctions, Treasury Dept
By: Matt Stankiewicz, Esq. mstankiewicz@volkovlaw.com. Of Volkov Law Group. (Source: Volkov Law Group Blog, Reprinted by permission.) Sanctions law can be complex. The sanctions programs themselves are often a tangled web of do’s and don’t’s –...
OFAC, Press release, Sanctions, Treasury Dept, Violations & Fines
By: Danielle Hatch On May 2, 2019, the Office of Foreign Assets Control (OFAC) released a 12-page document outlining their perspective of the essential components of a good sanctions compliance program. The document, “A Framework for OFAC Compliance Commitments”...
Denied & Restricted Parties, Enforcement, OFAC, Russia, Sanctions, Treasury Dept, Violations & Fines
By: Thad McBride on December 12, 2018 POSTED IN INTERNATIONAL TRADE, SANCTIONS (OFAC) Penalties imposed for violations of U.S. sanctions on Russia and Ukraine Violations identified during pre-acquisition due diligence on contractor Denied persons screening was...
Enforcement, Iran, JCPOA, OFAC, Sanctions, Treasury Dept
On November 5, 2018 the Office of Foreign Assets Control (OFAC) began to re-impose several sanctions on Iran related to the 180-day wind-down period and the reimposition of US sanctions that had been lifted or waived in connection with the Joint Comprehensive Plan of...
