The Treasury Department’s Office of Foreign Assets Control added individuals, entities and aircraft to the Specially Designated Nationals list on May 21 (here).
The Treasury Department published on May 7 updated answers to frequently asked questions on Ukraine sanctions compliance (here). The Obama administration has targeted Ukrainian officials and the Crimean region for sanctions, alongside sanctions against Russian officials and industry since early 2014 (see 1503120009). The updated answers to the FAQs, which Treasury’s Office of Foreign Assets Control released, touch on the timeframe for legal transactions in the wake of sanctions, debt prohibitions and remittances.
The Treasury Department’s Office of Foreign Assets Control added to and deleted entries from the Specially Designated Nationals list on April 28 (here).
The Treasury Department’s Office of Foreign Assets Control added individuals to the Specially Designated Nationals list in two separate April 14 notices (here) and (here).
The Treasury Department amended the Syrian Sanctions Regulations in recent days to authorize general licenses for non-restricted exports related to publishing, as well as a range of other affiliated activities. The Treasury slashes barriers for publishing exports and other activities “not already exempt from regulation, that support the publishing and marketing of manuscripts, books, journals, and newspapers in paper and electronic format,” said the agency’s Office of Foreign Assets Control in an April 13 final rule (here). The International Emergency Economic Powers Act already permits some publishing sector exports and activities to Syria, OFAC said. “OFAC is issuing a new general license set forth in 31 CFR 542.532 to authorize, subject to certain limitations, transactions not already exempt from regulation,” the final rule said. The general license eliminates restrictions on Export Administration Regulations-controlled “embedded software” and other controlled information and technology, said OFAC.
The Treasury Department’s Office of Foreign Assets Control added individuals to the Specially Designated Nationals list on April 7 (here) and 8 (here).
The Treasury Department’s Office of Foreign Assets Control notified the public on April 6 of a new formatting model for the Consolidated Sanctions List data files (here). The format is more advanced than previous XML formats, and it adheres to a United Nations-established standard, the agency said in a compilation of FAQs (here). The Consolidated Sanctions List draws together non-Specially Designated Nationals List entries, but both lists may ultimately share entries, OFAC says (here). The new file format is already in place with the SDN, said OFAC.