Source: U.S. Department of the Treasury – OFAC OFAC, in consultation and coordination with the Department of State, is authorizing by general license transactions involving certain Belarusian entities blocked pursuant to Executive Order 13405. This license does not generally authorize the release of property blocked pursuant to E.O. 13405. This authorization expires on April 30, […]

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U.S. Department of Commerce – BIS This rule amends a license exception to allow cargo aboard aircraft to transit Cuba when that cargo is bound for destinations other than Cuba. This rule also authorizes export and reexport of certain items sold directly to individuals in Cuba under a license exception. Finally, this rule revises the […]

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Source: U.S. Department of the Treasury – OFAC OFAC and the Department of Commerce’s Bureau of Industry and Security (BIS) are announcing new amendments to the Cuban Assets Control Regulations (CACR) and Export Administration Regulations (EAR), respectively. These amendments help create more economic opportunity for Cubans and Americans, further implementing the direction toward Cuba that […]

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Source: U.S. Department of the Treasury-OFAC OFAC updated the Frequently Asked Questions Relating to the Lifting of Certain U.S. Sanctions Under the Joint Comprehensive Plan of Action, amending two FAQs related to Financial and Banking Measures (C.7 and C.15), amending one FAQ related to Foreign Entities Owned or Controlled by U.S. Persons (K.19), and adding three […]

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Source: The Wall Street Journal WASHINGTON—The Obama administration agreed to back the lifting of United Nations sanctions on two Iranian state banks blacklisted for financing Iran’s ballistic-missile program on the same day in January that Tehran released four American citizens from prison, according to U.S. officials and congressional staff briefed on the deliberations. The U.N. […]

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Source: U.S. Department of the Treasury – OFAC Quarterly Reports of Licensing Activities pursuant to Section 906(b) of the Trade Sanctions Reform and Export Enhancement Act of 2000 (TSRA), covering activities undertaken by the Treasury Department’s Office of Foreign Assets Control (OFAC) under Section 906(a)(1) of the TSRA from January through September 2015. Under the […]

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Source: Reuters Japanese Prime Minister Shinzo Abe said on Thursday that strong pressure from the international community was the only way to halt North Korea’s rocket and nuclear tests and that economic sanctions needed to be implemented “strictly”. “We need to make them understand North Korea will be further isolated from the international community if […]

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Source: The Wall Street Journal The U.S. Commerce Department on Wednesday added dozens of Russian entities to an export-control list, as it continued to make its presence felt in sanctions enforcement. Commerce’s Bureau of Industry and Security said in a notice published Wednesday in the Federal Register that it added 81 names to its Entity […]

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Source: The Wall Street Journal The U.S. Treasury Department said Tuesday it imposed Kingpin Act sanctions on two men with alleged ties to the Sinaloa Cartel, including one of its reputed chief money launderers. Treasury said it imposed sanctions on Juan Manuel Alvarez Inzunza, a who it said is a money launderer, and Jose Olivas […]

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Source: U.S. Department of Justice – Office of Public Affairs Amin al-Baroudi, 50, a Syrian-born naturalized U.S. citizen, formerly of Irvine, California, was sentenced today to 32 months in prison for conspiring to export U.S.-origin goods from the United States to Syria in violation of sanctions imposed on Syria by the U.S. government. The sentence […]

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