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JD Supra: UK Sanctions Year in Review 2023
JD Supra· 4 hours ago2023 was another significant year for UK sanctions. The UK government has continued to implement new sanctions against Russia in response to its illegal ...
OFAC Signals Willingness to Use FinCEN Whistleblower Incentive Program for Sanctions Violations | JD...
JD Supra· 3 days agoBoth reference the Financial Crimes Enforcement Network's (FinCEN) whistleblower program, signaling OFAC’s willingness to rely on whistleblowers as another source to initiate ...
OFAC Rolls Back Venezuelan Sanctions Relief, Again Prohibiting Oil and Gas Transactions | JD Supra
JD Supra· 4 days agoOn April 17, 2024, OFAC formally rolled back the sanctions relief it previously provided to the Venezuelan oil and gas industry. While OFAC< ...
SCG Plastics Pays OFAC $20 Million to Resolve Violations of Iran Sanctions Program | JD Supra
JD Supra· 7 days agoOFAC is capable of extending a long-arm of enforcement, reaching sometimes non-U.S. companies that may “cause” another company to violate U.S. Sanctions ...
OFAC Reimposes Venezuela Oil and Gas Sector Sanctions but Leaves Door Open for Possible Specific...
JD Supra· 5 days agoDepartment of the Treasury’s OFAC replaced GL 44, which had previously authorized transactions related to oil or gas sector operations in Venezuela, with a limited wind-down ...
OFAC Revokes General License 44 Related to Venezuela's Oil and Gas Sector | JD Supra
JD Supra· 7 days ago(OFAC) issued General License 44A (GL 44A) on April 17, 2024, replacing and superseding General License 44 (GL 44). On Oct. 18, 2023, OFAC suspended certain ...
OFAC sanctions Israeli entities funding West Bank settler violence
Compliance Week· 7 days agoOFAC designated Mount Hebron Fund and Shlom Asiraich for generating $140,000 and $31,000,...
US govt sanctions Iranians linked to government cyberattacks
BleepingComputer· 5 days agoThe Treasury Department's Office of Foreign Assets Control (OFAC) has sanctioned four Iranian...
OFAC fines SCG Chemicals unit $20M over Iran sanctions violations
Compliance Week· 7 days agoOf the sales, 457 represented payments for HDPE products manufactured at an Iranian plant; 10 represented payments to resolve debt to third parties, OFAC said. The sales occurred ...
OFAC Revokes General Authorization for Venezuelan Oil and Gas Sector But Permits Limited Wind-Down...
JD Supra· 3 days agoGL 44A only authorizes certain wind-down transactions relating to dealings previously authorized...
