Treasury's Office of Foreign Assets Control published the names of two entities whose property and interests in property have been unblocked pursuant to Executive Order 13067 regarding the government of Sudan. The unblocking was effective February 1, 2012:
The following entities have been added to Office of Foreign Assets Control's Specially Designated Nationals list:
The U.S. exempted Japan and 10 European Union countries for 180 days from sanctions aimed at punishing countries that continue to buy oil from Iran. A March 20 statement from Secretary of State Hillary Clinton said Japan, Belgium, the Czech Republic, France, Germany, Greece, Italy, the Netherlands, Poland, Spain, and the U.K. have significantly reduced their volume of crude oil purchases from Iran and, as a result, she will report to Congress that sanctions under Section 1245 of the National Defense Authorization Act (NDAA) for 2012 will not apply to the financial institutions based in those countries for a renewable period of 180 days. The NDAA provides for the imposition of sanctions with respect to the Central Bank of Iran and designated Iranian financial institutions.
The Office of Foreign Assets Control has released its calendar year 2011 annual report to Congress on assets in the U.S. relating to terrorist countries and international terrorism program designees. The report provides figures for blocked funds in the U.S. relating to international terrorist organizations, state sponsors of terrorism, and non-blocked funds relating to Iran and Syria.
The Office of Foreign Assets Control has issued a final rule that effective March 20, 2012, amends the Iranian Transactions Regulations to redefine the term "entity owned or controlled by the Government of Iran" to include any corporation, partnership, association, or other entity in which the Government of Iran owns a 50 percent or greater interest or a controlling interest, and any entity which is otherwise controlled by that government. OFAC states that this change substantially conforms 31 CFR 560.313 to the definition in the amended Iranian Financial Sanctions Regulations. (FR Pub 03/20/12)
On March 2, 2012, the Office of Foreign Assets Control announced fourteen 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.
On March 6, 2012, the Office of Foreign Assets Control announced one change 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.
On March 7, 2012, the Office of Foreign Assets Control added one individual 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.
On March 6, 2012, the Office of Foreign Assets Control removed 19 Colombian individuals from 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.
From March 2-6, 2012, the Office of Foreign Assets Control added two individuals and three entities 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.