OFAC Delists 53 SDN Entries
The Office of Foreign Assets Control deleted 16 people and 37 entities from its Specially Designated Nationals List this week, all of which were originally designated for counter-narcotics reasons. OFAC delisted the 16 people because they changed the behavior that…
Sign up for a free preview to unlock the rest of this article
Communications Daily is required reading for senior executives at top telecom corporations, law firms, lobbying organizations, associations and government agencies (including the FCC). Join them today!
led to their designations, a spokesperson for the Office of Terrorism and Financial Intelligence said Sept. 22. “These individuals demonstrated a change in behavior and circumstances,” the spokesperson said. “Currently, they are no longer engaged in sanctionable activities.” OFAC removed sanctions from the 37 companies because they were originally designated only for being owned or controlled by the people OFAC delisted. “These companies, most of which are defunct, are not independently linked to any individuals who remain on the SDN List,” the spokesperson said. The OFAC notice also includes aliases for the people and entities.