Trade Archives - OFAC Lawyer

President Trump Announces Changes to Cuba Sanctions Program

On June 16, President Trump announced two impending, significant changes to the Cuba sanctions program, which will impact U.S. persons traveling to

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

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

U.S. Secondary Sanctions System Part 3

Impact on European Banks and Companies Click Here For Part 2 As stated in Part 1 of this series, the secondary sanctions

U.S. Secondary Sanctions System Part 2

Impact on European Banks and Companies Click Here For Part 1 Click Here For Part 3 Executive Order 13622, signed by President

GTO Issued Against 700 Businesses to Curb Money Laundering in Miami

FinCEN: Geographic Targeting Order Issued Against ~700 Miami Businesses; Requires Implementation of Elevated Anti-Money Laundering Controls. On April 15, 2015, the U.S.

Syria Sanctions: OFAC Issues New General License Authorizing Publishing-Related Transactions

The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) commonly issues general licenses to sharpen and fine tune its

Backsliding Political Reforms in Burma Will Harm Investors in U.S., Europe, and Asia

In a recent op-ed by Simon Tay and Cheryl Tan that appeared in The Japan Times, the authors suggested that it is

Extension of Limited Iran Sanctions Relief Includes Civilian Passenger Aircraft Parts

On July 19, 2014 the United States and its partners in the P5+1 (China, France, Germany, Russia, the United Kingdom, and the

Largest Settlement for OFAC Violations

According to the Department of the Treasury, its Office of Foreign Assets Control (OFAC) has reached the largest ever settlement, totaling $963

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