The Office of Foreign Assets Control added one individual to its Specially Designated Nationals list under Libya designations, OFAC said (here). Separately, the agency published General License 4A (here), “Authorizing Certain Transactions Involving Individuals or Entities Located in the Panamanian Mall and Associated Complex, Soho Panama, S.A. (a.k.a. Soho Mall Panama),” General License 5 (here), “Authorizing Certain Transactions and Activities Related to the Panamanian Seizure of Balboa Bank & Trust,” and General License 6 (here), “Authorizing Certain Transactions and Activities Related to the Intervention by the Superintendency of Securities Markets of Panama in Balboa Securities, Corp.” OFAC has also updated its list of Frequently Asked Questions pertaining to Panama (here).
The Office of Foreign Assets Control has added one individual and made several changes to entities and individuals previously sanctioned under the Kingpin Act from the Specially Designated Nationals list, OFAC said (here).
The Office of Foreign Assets Control has added eight individuals and 69 entities to its Specially Designated Nationals list, under Kingpin Act designations, OFAC said (here).
The Office of Foreign Assets Control on May 5 published three Kingpin Act general licenses, which would allow certain transactions to “wind down operations” for a hotel in Millennium Plaza, Panama (here), permit activities necessary to maintain Panamanian newspapers La Estrella and El Siglo (here), and authorize certain transactions with people or firms in the Panamanian mall Soho Panama (here). OFAC also posted three Frequently Asked Questions (here), and added several people and firms to its Specially Designated Nationals (SDN) list, the agency said (here).
The Office of Foreign Assets Control has added and removed several entities and individuals previously sanctioned under the Kingpin Act from the Specially Designated Nationals list, OFAC said (here).
The U.S. is extending until Oct. 31 the suspension of sanctions against the following Belarusian entities, which were previously scheduled to expire on April 30, the Office of Foreign Assets Control said (here):
No world economy raised the three red flags necessary to trigger increased U.S. bilateral engagement and possible sanctions to counter unfair currency manipulation through new procedures outlined by the Trade Facilitation and Trade Enforcement Act, according to a Treasury report to Congress on the foreign exchange policies of major U.S. trading partners (here). However, Treasury has created a “Monitoring List,” including China, Japan, Korea, Taiwan, and Germany, which satisfied two of the three criteria.
The eighth U.S.-China Strategic and Economic Dialogue will take place in early June in Beijing, Treasury and the State Department said on April 26 (here). Treasury Secretary Jack Lew and Secretary of State John Kerry will meet with their respective Chinese co-chairs, Vice Premier Wang Yang and State Councilor Yang Jiechi, and a U.S. delegation will meet with Chinese colleagues as well. Although the official announcement states the countries will work on a “wide range” of economic and strategic issues, U.S. Trade Representative Michael Froman has indicated the dialogue will touch on trade, including illegal steel dumping, which China has been accused of on a massive scale (see 1604130043).
The Office of Foreign Assets Control added eight individuals and one entity to its Specially Designated Nationals list, under Kingpin Act designations, OFAC said (here). Separately, OFAC made several updates to the SDN List alongside the release of regulations to implement the Hizballah International Financing Prevention Act of 2015 (here).