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OFAC Sanctions 271 Employees of Syria’s Scientific Studies and Research Center

OFAC sanctions employees of Syria's scientific studies and research center

On April 24, 2017, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) designated 271 employees of Syria’s Scientific Studies and Research Center (SSRC). This surprisingly large set of designations was in response to the April 4, 2017 sarin gas attack by the Syrian government on civilians in Khan Sheikhoun, Syria.

OFAC Fines Barclays Bank Over Shadow Blocked Entities

Barclays Bank Fined by OFAC for 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 Office of Foreign Assets Control (OFAC) announced a settlement between the agency and Barclays Bank Plc regarding apparent violations of the Zimbabwe Sanctions Regulations (ZSR). Specifically, Barclays (including its New York branch), processed […]

U.S. Secondary Sanctions System Part 3

Secondary Sanctions System in the U.S.

Impact on European Banks and Companies Click Here For Part 2 As stated in Part 1 of this series, the secondary sanctions system also impacts European companies, and this is through Executive Order 13608 signed by President Obama on May 1, 2012.  This Order gave to the Department of the Treasury the authority to impose […]

U.S. Secondary Sanctions System Part 2

Addresses Terrorist Finance Elimination and Legitimate Transaction and Family Remittance Enhancement

Impact on European Banks and Companies Click Here For Part 1 Click Here For Part 3 Executive Order 13622, signed by President Obama, allows the possibility of imposing sanctions against any foreign financial institutions conducting or facilitating any significant financial transaction with the Iranian state oil companies, for the purchase of petroleum or petrochemical products.[1] […]

Indicted, Extradited, and Sanctioned

Alleged Foreign Drug Traffickers Defense Challenges

Legal & Practical Challenges to Representing Alleged Foreign Narcotics Traffickers Foreign nationals face several unique challenges when forced to appear in the United States to face allegations that they are narcotics traffickers.  Many foreign nationals facing extradition to the United States for narcotics trafficking have been indicted by at least one grand jury.  The grand […]

Executive Order Authorizes OFAC Targeting of Venezuelan Officials

Venezuelan Officials Targeted by OFAC through Executive Order

Executive Order 13692: Expands Upon Congressional Legislation; Authorizes OFAC To Designate Venezuelan Officials for Their “Status,” Not Their “Conduct.” Like many sanctions programs before it, the Venezuela-related OFAC sanctions program is implemented pursuant to the International Emergency Economic Powers Act (IEEPA).  However, one unique aspect of this sanctions program is that it is also implemented […]

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