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Sanctions in Action

Issuance of Iran-related General License 8A and Amended Frequently Asked Questions; Counter Terrorism Designations and Designations Updates; Iran-related Designations and Designations Updates

USA : OFAC - Mon, 26/10/2020 - 17:30
The Department of the Treasury’s Office of Foreign Assets Control (OFAC) is issuing General License 8A, "Authorizing Certain Humanitarian Trade Transactions Involving the Central Bank of Iran or the National Iranian Oil Company." OFAC is also amending related Frequently Asked Questions (821, 822, 825, 828, and 844). In addition, OFAC has updated its Specially Designated Nationals and Blocked Persons List:
Categories: Sanctions in Action

Amendment of Cuban Assets Control Regulations (CACR) and Updated Frequently Asked Questions

USA : OFAC - Mon, 26/10/2020 - 15:30
The Department of the Treasury’s Office of Foreign Assets Control (OFAC) is amending the Cuban Assets Control Regulations, 31 C.F.R. Part 515 (CACR) to further implement portions of the President’s foreign policy toward Cuba. The rule will be published in the Federal Register on Tuesday, October 27, 2020, and will be effective 30 days later on November 26, 2020. OFAC is also publishing a number of updated (72, 717, 728, 732, 734, 756, 759, 796, 797) and new Frequently Asked Questions.
Categories: Sanctions in Action

CAATSA - Russia-related Designation

USA : OFAC - Fri, 23/10/2020 - 19:00
OFAC has updated its SDN List. Please visit the URL below to view this action
Categories: Sanctions in Action

Guidance: Financial sanctions, Cyber-Attacks

UK : Financial Sanctions - Fri, 23/10/2020 - 11:57
Financial sanctions are in place for persons, entities or bodies involved with cyber-attacks threatening the European Union or its Member States. This page contains the current list of designated targets.
Categories: Sanctions in Action

Guidance: Who is subject to financial sanctions in the UK?

UK : Financial Sanctions - Fri, 23/10/2020 - 11:57
A guide to the current consolidated list of asset freeze targets, and a list of persons subject to restrictive measures in view of Russia's actions destabilising the situation in Ukraine.
Categories: Sanctions in Action

Guidance: Who is subject to financial sanctions in the UK?

UK : Financial Sanctions - Tue, 20/10/2020 - 15:32
A guide to the current consolidated list of asset freeze targets, and a list of persons subject to restrictive measures in view of Russia's actions destabilising the situation in Ukraine.
Categories: Sanctions in Action

Guidance: Financial sanctions, Democratic Republic of the Congo

UK : Financial Sanctions - Tue, 20/10/2020 - 15:31
Democratic Republic of the Congo is currently subject to financial sanctions. This document provides a current list of designated persons.
Categories: Sanctions in Action

Settlement Agreement between the U.S. Department of the Treasury’s Office of Foreign Assets Control and Berkshire Hathaway, Inc.

USA : OFAC - Tue, 20/10/2020 - 15:00
The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) today announced a $4,144,651 settlement with Berkshire Hathaway, Inc. (“Berkshire”), a multinational conglomerate holding company based in Omaha Nebraska, and its foreign subsidiary, Iscar Kesici Takim Ticareti ve Imalati Limited Sirket (“Iscar Turkey”). Berkshire, on behalf of itself and its subsidiary located in Turkey, has agreed to settle its potential civil liability for 144 apparent violations of the Iranian Transactions and Sanctions Regulations, 31 C.F.R. part 560 (ITSR). Specifically, between December 2012 and January 2016, Iscar Turkey exported 144 shipments of cutting tools and related inserts, with a total value of $383,443, to two third-party Turkish distributors knowing that such goods would be shipped to a distributor in Iran for resale to Iranian end-users, including several entities later identified as meeting the definition of the Government of Iran, which would have been prohibited if engaged in by a U.S. person, under §§ 560.203, 560.204, 560.206, and 560.208 of the ITSR. These transactions appear to have violated § 560.215 of the ITSR. OFAC determined that Berkshire voluntarily self-disclosed the apparent violations on behalf of Iscar Turkey, and that the apparent violations constitute an egregious case. For more information, please visit the following web notice and settlement agreement.
Categories: Sanctions in Action

Counter Terrorism Designations; Iran-related Designations

USA : OFAC - Mon, 19/10/2020 - 18:00
OFAC has updated its SDN List. Please visit the URL below to view this action
Categories: Sanctions in Action

Guidance: Who is subject to financial sanctions in the UK?

UK : Financial Sanctions - Fri, 16/10/2020 - 16:50
A guide to the current consolidated list of asset freeze targets, and a list of persons subject to restrictive measures in view of Russia's actions destabilising the situation in Ukraine.
Categories: Sanctions in Action

Guidance: Financial sanctions, Syria

UK : Financial Sanctions - Fri, 16/10/2020 - 16:50
This page contains the current list of those subject to sanctions under the financial sanctions Syria regime as well as information on the relevant regulations.
Categories: Sanctions in Action

Guidance: Who is subject to financial sanctions in the UK?

UK : Financial Sanctions - Thu, 15/10/2020 - 15:54
A guide to the current consolidated list of asset freeze targets, and a list of persons subject to restrictive measures in view of Russia's actions destabilising the situation in Ukraine.
Categories: Sanctions in Action

Guidance: Financial sanctions, Libya

UK : Financial Sanctions - Thu, 15/10/2020 - 15:54
Libya is currently subject to financial sanctions. This document contains a current list of designated persons.
Categories: Sanctions in Action

Guidance: Financial sanctions, Chemical Weapons

UK : Financial Sanctions - Thu, 15/10/2020 - 15:54
Financial sanctions are in place for persons, entities or bodies involved in the proliferation and use of chemical weapons. This page contains the current list of designated targets.
Categories: Sanctions in Action

Publication of FAQs related to a report pursuant to section 5(a) of the Hong Kong Autonomy Act; Hong Kong-related Designation Updates

USA : OFAC - Wed, 14/10/2020 - 20:00
On October 14, 2020, the Secretary of State submitted to Congress a report pursuant to section 5(a) of the Hong Kong Autonomy Act. To provide further information on reporting requirements under the HKAA, including required reports by the Secretary of the Treasury, OFAC has published the following FAQs: 848, 849, 850, 851. In addition, OFAC has updated the following names on its Specially Designated Nationals List.
Categories: Sanctions in Action

Guidance: Who is subject to financial sanctions in the UK?

UK : Financial Sanctions - Wed, 14/10/2020 - 15:59
A guide to the current consolidated list of asset freeze targets, and a list of persons subject to restrictive measures in view of Russia's actions destabilising the situation in Ukraine.
Categories: Sanctions in Action

Guidance: Financial sanctions, ISIL (Da'esh) and Al-Qaida organisations

UK : Financial Sanctions - Wed, 14/10/2020 - 15:57
Certain persons and entities associated with the ISIL (Da'esh) and Al-Qaida organisations are subject to financial sanctions.
Categories: Sanctions in Action

Guidance: Financial sanctions, Chemical Weapons

UK : Financial Sanctions - Wed, 14/10/2020 - 15:55
Financial sanctions are in place for persons, entities or bodies involved in the proliferation and use of chemical weapons. This page contains the current list of designated targets.
Categories: Sanctions in Action

Corporate report: Quarterly report to Parliament: 1 January 2020 to 31 March 2020 (‘TAFA 2010’)

UK : Financial Sanctions - Wed, 14/10/2020 - 14:21
OFSI's quarterly report to Parliament on its operation of the UK’s asset-freezing regime.
Categories: Sanctions in Action

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