OFAC Sanctions & Family Law: An Odd Coupling of Practice Areas
My law offices are often contacted by people in the midst of a family law dispute. These calls have been from people in the midst of divorce, contract disputes, and contested probate
President Obama Announces Major Breakthrough in US-Cuba Relations
On December 17, 2014 President Obama announced historic steps his administration will take to usher in a new, more inclusive era of US-Cuba relations.
De-banking MSBs: Damned If You Do, Damned If You Don’t?
On November 10, 2014 the Financial Crimes Enforcement Network (FinCEN) issued a statement encouraging the provision of banking services to Money Services Businesses (MSBs) …
OFAC SDN List Removal: Deutsche Forfait’s Successful De-Listing Petition
On February 6, 2014 DF Deutsche Forfait AG received the dreaded news that it was placed on the Specially Designated Nationals and Blocked Persons List (SDN List) administered by OFAC.
FinCen’s Geographic Targeting Order Hits LA’s Fashion District
Practitioners who follow the Treasury’s Office of Terrorism and Financial Intelligence (TFI) may have noticed FinCEN’s issuance of a Geographic Targeting Order (GTO) imposing certain …
The Unintended Consequences of Using Hawalas
Many people looking to send money to or from the Middle East, North Africa, and South Asia are often confronted with the option of using a hawala (or havala).
Treasury Sanctions Mexican Attorneys Tied to Sinaloa Cartel
On September 11, 2014 the United States Department of the Treasury’s Office of Foreign Assets Control (OFAC) announced the designation of three Mexican attorneys because …
Removal from the SDN List FAQs
The following blog is excerpted from an interview with attorney Kaveh Miremadi in which he discusses OFAC’s list of Specially Designated Nationals (SDNs).
Transnational Criminal Organizations
The following blog is excerpted from an interview with an OFAC attorney in which they discuss transnational criminal organizations.
There Is a New 50 Percent Rule: OFAC Revises its Guidance on Entities Owned by Blocked Persons
Earlier this week the Office of Foreign Assets Control (OFAC) issued a revised guidance on entities owned by persons whose property and interests in property are blocked.