Tag Archives: OFAC

TRUMP ADMINISTRATION IMPLEMENTS SECTORAL SANCTIONS TARGETING VENEZUELA

On August 24, 2017, President Trump issued a new Executive Order targeting the current Venezuela regime.  The next day, the US Department of the Treasury’s Office of Foreign Assets Control (“OFAC”) announced the implementation of broad new “sectoral” sanctions applicable … Continue reading

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Filed under Announcements, Sanctions and Money Laundering, US

US to reinstate certain actions against Cuba

On June 16, 2017, President Trump announced a policy framework for the re-imposition of certain US sanctions with respect to Cuba. In particular, the United States' new policy will restore certain restrictions with respect to American investments in the Cuban … Continue reading

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Filed under Sanctions and Money Laundering, US

U.S. administration imposes limited new sanctions against Iran

On February 3, 2017, the U.S. Treasury Department’s Office of Foreign Assets Control (“OFAC”) added a number individuals and entities to its Specially Designated Nationals ("SDNs") list of blocked persons. OFAC stated that such actions were taken in response to … Continue reading

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Filed under Iran, Sanctions and Money Laundering, US

US further eases sanctions against Cuba

On 14 October 2016, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) and the U.S. Department of Commerce’s Bureau of Industry and Security (BIS) again announced significant amendments to the Cuban Assets Control Regulations (CACR) and … Continue reading

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Filed under Americas, Cuba, Sanctions and Money Laundering, US

OFAC issues regulations implementing new sanctions targeting Hizballah

On 15 April 2016, the US Department of the Treasury’s Office of Foreign Assets Control ("OFAC") issued regulations to implement the Hizballah International Financing Prevention Act of 2015, authorizing secondary sanctions against foreign financial institutions ("FFIs") that facilitate or conduct … Continue reading

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Filed under Americas, Corporate Crime, Sanctions and Money Laundering, US