President’s Executive Order yesterday (August 24, 2017) imposed additional sanctions with respect to the situation in Venezuela. U.S. Department of the Treasury – OFAC has published four Venezuela-related General Licenses on August 25, 2017. General Licenses will authorize the below described transactions: General License 1 This general license authorizes activities necessary to Wind Down Existing […]

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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 the Treasury – OFAC Effective March 29, 2016, the Highly Enriched Uranium (HEU) Agreement Assets Control Regulations, 31 CFR part 540, were removed from the Code of Federal Regulations. OFAC took this action because the national emergency on which part 540 was based automatically terminated. …

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