OFAC Creates New List of Prohibited Iran and Syria Sanctions Evaders
The Office of Foreign Assets Control is creating a new list of people and companies that have evaded economic and financial sanctions imposed on Iran and Syria. The Foreign Sanctions Evaders List, announced on Feb. 6, comprises foreign persons sanctioned under Executive Order 13608 of May 2012 (“Prohibiting Certain Transactions With and Suspending Entry into the United States of Foreign Sanctions Evaders With Respect to Iran and Syria”) (see 12050203). Dealings between U.S. persons and persons on the new “FSE” list are generally prohibited, as are transactions “through” the U.S., without authorization from OFAC, it said.
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OFAC is designating the program tags [FSE-IR] and [FSE-SY] for FSE List entries of Iran and Syria sanctions violators, respectively. Not all entries on the FSE list have their property blocked, but persons on the new list may have their property blocked for different reasons, said OFAC. In those cases, the FSE List entries will include relevant program tags and will be listed in a separate sub-section. Updates to the FSE List will be published on the recent actions page of OFAC’s website, it said.
The full FSE List is available (here), and an OFAC website on the list is available (here).