Changes to Canada’s unilateral economic sanctions on Burma, including suspension of some sanctions, were announced on April 24 by Canada Foreign Affairs Minister John Baird. Among other things, changes include lifting most prohibitions on imports, exports, and investment, and removal of Burma from Canada’s Area Control List.
Sandhill Scientific, Inc. of Highlands Ranch, CO, which makes medical equipment, agreed to remit $126,000 to settle allegations that it violated the Iranian Transactions Regulations, 31 CFR part 560 (the "ITR") in May 2007, and OFAC's Reporting, Procedures and Penalties Regulations, 31 CFR part 501 (the "RPPR"), on separate occasions in May and July 2008, Treasury's Office of Foreign Assets Control said April 25.
The Treasury Department issued a FAQ sheet on the Executive Order Blocking The Property And Suspending Entry into the United States of Certain Persons with Respect to Grave Human Rights Abuses by the Governments of Iran and Syria Via Information Technology (the “GHRAVITY E.O.”) (See ITT Online Archives [Ref.12042322] for details about changes to the SDN list as a result of the order). The FAQ list includes the following information:
The following entities have been added to OFAC's Specially Designated Nationals list, due to an executive order blocking the property and entry of individuals suspected of human rights abuses by the governments of Iran and Syria:
The following deletions have been made to the Office of Foreign Assets Control's Specially Designated Nationals (SDN) list:
Treasury's Office of Foreign Assets Control replaced the 2008 license for financial transactions with Burma, in an order April 17. The new General License No. 14-C authorizes certain financial transactions in support of humanitarian, religious, and other not-for-profit activities in Burma, and supersedes in its entirety Amended General License No. 14-B (dated December 2, 2008).
The Office of Foreign Assets Control announced changes to its "Specially Designated Nationals" list. SDNs are (i) individuals and companies owned or controlled by, or acting for or on behalf of, targeted countries or (ii) individuals, groups, and entities, such as terrorists and narcotics traffickers designated under programs that are not country-specific. The assets of listed SDNs are blocked and U.S. persons are generally prohibited from dealing with them.
The Office of Foreign Assets Control announced changes to its "Specially Designated Nationals" list. SDNs are (i) individuals and companies owned or controlled by, or acting for or on behalf of, targeted countries or (ii) individuals, groups, and entities, such as terrorists and narcotics traffickers designated under programs that are not country-specific. The assets of listed SDNs are blocked and U.S. persons are generally prohibited from dealing with them.
Essie Cosmetics and former CEO Max Sortino of New York City agreed to settle Office of Foreign Assets Control allegations of unlicensed exports to Iran in violation of the Iranian Transactions Regulations. The allegations involved Essie and Sortino's knowing sale and export of nail care products on or about September 17, 2009, December 8, 2009, and February 23, 2010, to an Iranian distributor pursuant to an Exclusive Distributorship Agreement in apparent violation of § 560.204 of the ITR.
The Office of Foreign Assets Control announced several changes to its "Specially Designated Nationals" list, in an April 5 Federal Register notice. SDNs are (i) individuals and companies owned or controlled by, or acting for or on behalf of, targeted countries or (ii) individuals, groups, and entities, such as terrorists and narcotics traffickers designated under programs that are not country-specific. The assets of listed SDNs are blocked and U.S. persons are generally prohibited from dealing with them.