Blog | Economic Sanctions and OFAC Attorney

International, OFAC, Sanctions
Eliminating Terrorist Financing Without Damaging Legitimate Transactions
Eliminating Terrorist Funding while Enhancing Legitimate Commercial Transactions and Family Remittances There is consensus that financing terrorism, via the international financial system,
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Iran, Sanctions
New OFAC Secondary Sanctions Against Hizballah
OFAC Issues Secondary Sanctions for Foreign Banks Doing Business with Hizballah On April 14, 2016, the United States Department of the Treasury’s
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Iran, OFAC, Sanctions
A Closer Look at OFAC’s General License H
General License H: OFAC’s New Authorizations Related to US Owned Foreign Subsidiaries Back in July (2015) the permanent members of the UN
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International, SDN, Trade
OFAC Fines Barclays Bank Over Shadow Blocked Entities
Barclays Bank Pays Millions to Settle Sanctions Violations Involving Shadow Blocked Entities On February 8, 2016, the US Department of the Treasury’s
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FinCEN, International, OFAC
Cash Purchases May Complicate Real Estate Buys From Sanctioned Countries
Heightened Scrutiny of Real Estate Cash Purchases May Complicate Future Buys by Those Tied to Sanctioned Countries On January 13, 2016, the Financial Crimes
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International, OFAC, Sanctions
North Korea’s Global Weapons Proliferation Network Targeted by OFAC Sanctions
On December 8th, 2015, the Treasury Department’s Office of Foreign Assets Control (OFAC) took aim at the North Korean government’s attempts to
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International, OFAC, Sanctions
OFAC Sanctions Prominent Japanese Yakuza Member
On December 9th 2015, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) issued a press release designating Tadamasa
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Trade
FATF Report: Money Laundering Through the Physical Transportation of Cash
On November 30, 2015, the Financial Action Task Force (FATF) issued its latest report, entitled: Money Laundering Through the Physical Transportation of
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International, OFAC, Sanctions
OFAC Sanctions Three Members of a Powerful Honduran Family and their Bank
On October 7, 2015 the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) announced that it had made several
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International, OFAC, Sanctions
Navigators Insurance and The Importance of An OFAC Compliance Program
OFAC Fines Navigators Insurance Company without Compliance Program for Apparent Violations of Various Sanctions Programs. Several interesting things stand out regarding OFAC’s
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