The Office of Foreign Assets Control has added four individuals to its Specially Designated Nationals (SDN) list, under Kingpin Act designations, OFAC said.
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The Office of Foreign Assets Control has added two individuals and one entity to its Specially Designated Nationals (SDN) list, under Kingpin Act designations, OFAC said.
The Office of Foreign Assets Control issued a finding of violation to Fairhaven, Massachusetts-based Dominica Maritime Registry for illicitly dealing in the property or interests of property of the National Iranian Tanker Company, part of the government of Iran whose property and interests in property are blocked, OFAC said. Dominica violated the Iranian Transactions and Sanctions Regulations by executing a binding memorandum of understanding on July 4, 2015, with the Iranian company, “which OFAC determined was a contingent contract and therefore property in which NITC, a blocked person, had an interest,” OFAC said.
The Office of Foreign Assets Control has added one individual, 13 entities and 20 vessels to its Specially Designated Nationals (SDN) list, under North Korea designations, OFAC said Nov. 21. The agency also deleted one individual from its specially designated global terrorist designations.
The Office of Foreign Assets Control has added two individuals and four entities to its Specially Designated Nationals (SDN) list, under counterterrorism designations, OFAC said.
The Office of Foreign Assets Control has added nine individuals and updated one existing individual on its Specially Designated Nationals (SDN) list, under Venezuela designations, OFAC said.
The Office of Foreign Assets Control is removing the Ivory Coast Sanctions Regulations from the Code of Federal Regulations after former President Barack Obama terminated the national emergency designation for the country on Sept. 14, 2016 (see 1609140023), OFAC said.
The Bureau of Industry and Security, the Office of Foreign Assets Control and the State Department are issuing final rules to add new requirements for exports to Cuba and for direct financial transactions with Cuban entities and subentities that State identifies on its Cuba Restricted List. Under its rule, BIS will generally deny applications for the export or re-export of items for use by those certain entities or subentities, unless such transactions are consistent with President Donald Trump’s June 16 memo charting the policy to restrict sales to certain Cuban entities. That directive expressly exempts exports of agricultural commodities, medicines and medical devices to Cuba made pursuant to the Trade Sanctions Reform and Export Enhancement Act of 2000, for example (see 1706190021). BIS is also amending its list of ineligible Cuban government officials in the Export Administration Regulations (EAR) to include certain additional individuals.
The Office of Foreign Assets Control has updated the entry on its Specially Designated Nationals (SDN) list, under counterterrorism designations, OFAC said.
Russian sanctions enacted through legislation signed into law Aug. 2 will take effect starting Jan. 29, said the Office of Foreign Assets Control in guidance released Oct. 31. According to the guidance, the U.S. government will ban the export or re-export of goods or technology in support of exploration or production for deep-water, Arctic offshore or shale projects that have the potential to produce oil in any location, and in which any Russian subject to Executive Order 13662 of March 20, 2014, has either a 33 percent or greater ownership interest or ownership of a majority of the voting interests. Prohibitions that remain imposed include those implemented Sept. 12, 2014, on the export and re-export of goods or technology in support of exploration or production for deep-water, Arctic offshore or shale projects that have the potential to produce oil in Russia, or in Russia-claimed maritime area and extending from its territory, and that involve any Russian person subject to any associated directive, or their property or property interests, the guidance says.