For A Consultation Call
(202) 517-1611 Habla Español

OFAC

Extension of Limited Iran Sanctions Relief Includes Civilian Passenger Aircraft Parts

July 23, 2014

On July 19, 2014 the United States and its partners in the P5+1 and Iran renewed the Joint Plan of Action (JPOA) for four additional months, until November 24, 2014.

Transfers Under $10,000 Can Appear as Smurfing

June 20, 2014

How Your Under-$10,000 Transactions Can Actually Raise Your Profile for Investigations by the Feds. Whenever a U.S. financial institution is involved in a transaction …

308 Cali Cartel Names Lifted from SDN List by OFAC

OFAC announced today that it has removed the names of over 300 individuals and entities from the Specially Designated Nationals and Blocked Persons List (SDN List).

Recent Case Results

OFAC Unblocking License Obtained for SDN False Positive Match

Price Benowitz’s OFAC Law Group successfully obtained an OFAC unblocking license for a client whose personal funds were blocked due to an intermediary financial institution’s false positive match to the Specially Designated Nationals List. The client’s name resembled a person on the SDN list and the funds were blocked due to a lack of timely […]
Specific License Granted for Payment from SDN List Client

The OFAC Law Group was granted an OFAC specific license to obtain payment from an SDN client. The payment structure fell outside of the authorization of the general license to receive legal fee payments from an SDN person. Law firms must review the limitations of relevant authorizations to receive payment from SDN persons. SDN list […]
Breaking False Claims Act News: Qui Tam Settlement Reached

While the defendants did not admit any fault, we are happy to report that PAE agreed to pay the United States $5,000,000 to resolve the False Claims Act allegations contained in Mr. Palombo’s Complaint.

Latest blog posts

What’s Going to Happen with Exports of Commercial Drones?

In 2015, many believed to have seen an announcement by the Department of State relaxing drone exports, but a close look at the announcement suggests otherwise. According to a publication by the Directorate of Defense Trade Controls, “The FAA Modernization and Reform Act of 2012 for Unmanned Aircraft Systems (http://www.hse-uav.com/faa_modernization_and_reform_act_2012.htm) creates a statutory basis for […]

Read more
Trends in OFAC Enforcement

By Juhi Tariq – Which cases have been considered egregious? AIG Case – June 26, 2017 Though the transactions totaled almost double the amount, OFAC’s base penalty for AIG was $198, 226. Mitigating factors: No prior penalty notice or Finding of Violation from OFAC in the past five years Existence of a compliance program that […]

Read more
Russia Sanctions Bill Signed

From NYT: President Trump signed legislation on Wednesday imposing sanctions on Russia and limiting his own authority to lift them, but asserted that the measure included “a number of clearly unconstitutional provisions” and left open the possibility that he might choose not to enforce them as lawmakers intended. In particular, he objected to Congress interfering with the […]

Read more