On December 1, 2011, the Office of Foreign Assets Control added two entities and two individuals 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 November 30, 2011, the Office of Foreign Assets Control added Ntabo Ntaberi Sheka (individual) [DRCONGO] 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 December 1, 2011, the Office of Foreign Assets Control issued General License (GL) No. 10, which unblocks all property and interests in property of Arab Turkish Bank and North African International Bank, subject to a requirement to report to OFAC on the release of any blocked funds, including cash, securities, bank accounts, and investment accounts.
The Office of Foreign Assets Control has released new civil penalty information regarding Commerzbank AG. According to OFAC, Commerzbank AG, New York Branch, NY, NY, has agreed to remit $175,500 to settle apparent 2005 violations of the Cuban Assets Control Regulations in connection with certain trade documents associated with a letter of credit, in which a Cuban Specially Designated National (SDN) had an interest.
On November 22, 2011, the Office of Foreign Assets Control added one Saudi individual and removed two Lebanese 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.
The Office of Foreign Assets Control announces the designation of six shipping companies affiliated with the Islamic Republic of Iran Shipping Lines (IRISL) pursuant to Executive Order 13382, which prohibits transactions with and freezes the assets of proliferators of weapons of mass destruction and their supporters. OFAC has designated Panama/Iran-based companies Galliot Maritime Inc., Indus Maritime Inc., Kaveri Maritime Inc., Melodious Maritime, Inc., Mount Everest Maritime, Inc., and Rishi Maritime, Inc. In a second notice, OFAC is adding one vessel, Iran Shahr-E-Kord, and updating the information for 14 other vessels. In a third notice, OFAC is updating the information for Soroush Sarzamin Asatir Ship Management Company. The actions in all three notices are effective October 27, 2011.
On November 21, 2011, the Office of Foreign Assets Control added ten entities and 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.
The Office of Foreign Assets Control has issued a November 18, 2011 updated list of all currently authorized Carrier Service Providers, Travel Service Providers, and Remittance Forwarders for Cuba.
On November 17, 2011, the Office of Foreign Assets Control issued new General License No. 5 under the Weapons of Mass Destruction Proliferators Sanctions Regulations. The new license authorizes certain transactions related to the arrest, detention, and judicial sale of the MV Dianthe (f.k.a. Horsham, f.k.a. Iran Bam, IMO No. 9323833), which is a vessel on OFAC’s Specially Designated Nationals and Blocked Persons list. The vessel is currently under arrest in Mundra, India.
On November 18, 2011, the Office of Foreign Assets Control removed 41 companies from its "Specially Designated Nationals" List pursuant to Libya General Licenses 7A and 8A. OFAC also issued General License No. 9 in order to remove the General National Maritime Transport Company. 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.