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: U.S. Department of the Treasury – OFAC Today, the Department of the Treasury’s Office of Foreign Assets Control (OFAC) is publishing a Kingpin Act General License: General License 4F “Authorizing Certain Transactions Involving the Panamanian Mall and Associated Complex, Soho Panama, S.A. (a.k.a. Soho Mall Panama).” This General License authorizes certain transactions and activities […]

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Webinar Intredex and Bingham Greenebaum Doll Present   OFAC Restrictions: Trade with Cuba, Iran, Balkans, Belarus, and Burma. What Restrictions Apply to Russia? Today and Tomorrow January 19, 2017 – Thursday 1:00 pm – 2:30 pm EST (12:00 pm CT, 11:00 am MT, 10:00 am PT)   Are You Aware of the Foreign Assets Control […]

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Source: U.S. Department of the Treasury (OFAC)  – On January 5, the Department of the Treasury’s Office of Foreign Assets Control (OFAC) published two Kingpin Act General Licenses:  General License 3B, “Authorizing Certain Transactions and Activities to Wind Down Operations Involving La Estrella and El Siglo Newspapers”, and General License 4E, “Authorizing Certain Transactions involving […]

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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: U.S. Department of the Treasury – OFAC OFAC has released a Biennial Report of Licensing Activities pursuant to Section 906(c) 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 October 2012 […]

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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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