SDN

Specially Designated Nationals

BIS
China
Commerce Department
Global Trade
OFAC
Sanctions
SDN

Huawei Temporary License Issued

May 23, 2019:  Effective May 20, 2019, the BIS issued a 90 day license for Huawei and its related entities that were added to the OFAC’s SDN list earlier this month.  This general license is temporary, and will run out on August 19, 2019.  Not all transactions are allowed – check the license language for […]

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Global Trade
OFAC
Sanctions
SDN
Venezuela

Venezuelan Defense & Oil Sectors – OFAC Sanctions

May 10, 2019:  The US Treasury identified the Venezuelan defense sector as a subject to its sanctions.  The May 10 designations were in response to SEBIN’s illegal arrests of National Assembly members and intend to target those actors who have had a hand in the repressive Maduro defense and intelligence sector.  SEBIN is a is […]

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Cases
Iran
OFAC
SDN

MID-SHIP Group: OFAC Settlement

Last week, OFAC announced that it has reached a $871,837 settlement with MID-SHIP Group LLC (“MID-SHIP”). The Settlement Agreement notes that in 2011, MID-SHIP (a ship broker) processed transfers of funds related to payments  for five apparent violations of the Weapons of Mass Destruction Proliferators Sanctions Regulations. OFAC Notice, Settlement Agreement and Enforcement Information. Per the […]

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Global Trade
OFAC
Sanctions
SDN

OFAC Sanctions – DRC: Congolese Officials

Last week, OFAC added Congolese officials on its SDN list due to their activities that undermined DRC elections.  As the Treasury release notes, “[t]his action follows persistent corruption by senior officials within the DRC’s National Independent Electoral Commission (CENI) and the former Kabila Government to obstruct and delay preparations for credible and inclusive elections.”  The three […]

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Global Trade
Iran
OFAC
Sanctions
SDN

OFAC Designations: Iran Nuclear Research Participants

March 26, 2019:  Last week, OFAC added to the Iran SDN by sanctioning organizations and individuals in connection with an Iranian defense entity that was linked to Iran’s previous nuclear weapons efforts.  Altogether, OFAC and the U.S. Department of State designated 14 individuals and 17 entities.  For the full list of the entities and individuals […]

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Freshly Brewed
Global Trade
OFAC
Sanctions
SDN

OFAC SDN Update: Counter-Terrorism Designations

March 5, 2019:  OFAC updated its SDN designation today, adding the following foreign entity:  Harakat Al-Nujaba (A.K.A. Al-Hamad Brigade; A.K.A. Al-Nujaba Tv; A.K.A. Ammar Ibn Yasir Brigade; A.K.A. Golan Liberation Brigade; A.K.A. Harakat Hezbollah Al-Nujaba; A.K.A. Imam Al-Hasan Al-Mujtaba Brigade; A.K.A. Movement Of The Noble Ones Hezbollah; A.K.A. The Movement Of The Noble Ones). OFAC […]

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Freshly Brewed
Global Trade
OFAC
Sanctions
SDN
Venezuela

@USTreasury Designates Additional Venezuelans: Interference with Humanitarian Aid

March 1, 2019:  Earlier today, OFAC designated additional six Venezuelan government officials aligned with illegitimate former President Nicolas Maduro and associated with the obstruction of humanitarian aid deliveries into Venezuela on February 23, 2019. The individuals are: Richard Jesus Lopez Vargas (Lopez) is a Major General and the Commanding General of the Venezuelan National Guard, or […]

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Freshly Brewed
Global Trade
OFAC
Sanctions
SDN
Venezuela

OFAC #Sanctions Venezuelan Governors

2/2/5/19: The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) designated Governors of four Venezuelan states aligned with the illegitimate regime of former President Nicolas Maduro. Per OFAC, the designation follows their involvement in “endemic corruption and in blocking the delivery of critical humanitarian aid, thereby exacerbating the ongoing humanitarian crisis caused […]

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Freshly Brewed
Money Laundering
OFAC
SDN

OFAC Lists 3 Under Foreign Narcotics Kingpin Designation Act

Earlier today (February 20, 2019), the Treasury Department’s OFAC designated three Indian nationals and four foreign entities for drug trafficking and money laundering under the Foreign Narcotics Kingpin Designation Act. Per the Treasury release, the head of the operation, Jasmeet Hakimzada, runs a global drug trafficking and money laundering network, together with his father and […]

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Global Trade
Iran
OFAC
Sanctions
SDN

OFAC Iranian Sanctions Designations

Last week, the Treasury Department’s Office of Foreign Assets Control (OFAC) issued a notice of designation of an Iran-based entity, New Horizon Organization, and 4 associated individuals that organized international conferences to support the Islamic Revolutionary Guard Corps-Qods Force’s (IRGC-QF’s) efforts to recruit and collect intelligence from foreign attendees, including U.S. persons. OFAC also designated a separate Iran-based entity, Net […]

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