Treasury Department’s Office of Foreign Assets Control announced the following deletions from its Specially Designated Nationals list April 2. All were originally added under Former Liberian Regime of Charles Taylor Sanctions Regulations.
The Treasury Department’s Office of Foreign Assets Control released updated Office of Enforcement Data Delivery Standards March 29. The standards describe technical requirements for the preferred format for submitting electronic documents. OFAC’s Office of Enforcement added an addendum listing the data fields that should be populated when submitting an electronic filing in a concordance-ready format.
The Treasury Department’s Office of Foreign Assets Control removed the following entity and individual from its Specially Designated Nationals list. They were originally added under the Foreign Narcotics Kingpin Sanctions Regulations:
A Louisiana company will pay $20,800 to settle potential civil liability for alleged violations of the Weapons of Mass Destruction Proliferators Sanctions Regulations, the Treasury Department’s Office of Foreign Assets Control said March 21. Between April 2009 and June 2010, Maritech Commercial Inc. provided fuel inspection services for five vessels affiliated with the Islamic Republic of Iran Shipping Lines, OFAC said. That company is on the agency’s list of Specially Designated Nationals and Blocked Persons. The Iranian company -- which has a history of trying to evade sanctions, OFAC said -- changed the names of four of the five vessels prior to April 2009. But the vessels were still identifiable by their IMO number, which are assigned to vessels of a certain size and nature when constructed. At the time of the violation, Maritech was not screening the names or IMO numbers of any vessels it provided services to against the SDN list, OFAC said.
The Treasury Department's Office of Foreign Assets Control issued FAQs regarding recent steps the U.S. has taken to ease economic and trade sanctions against Burma (Myanmar), including General License Nos. 16-19 (here).
The Treasury Department’s Office of Foreign Assets Control amended parts of the Iranian Financial Sanctions regulations. The changes implement sections 503 and 504 of the Iran Threat Reduction and Syria Human Rights Act of 2012, according to OFAC. Some of the changes include:
The Treasury Department’s Office of Foreign Assets Control added the following names to its Specially Designated Nationals list for various violations of sanctions against Iran.
The Treasury Department’s Office of Foreign Assets Control has added the following entities to its Specially Designated Nationals list. All are located in the Democratic People’s Republic of Korea and have been added to the list under the Weapons of Mass Destruction Proliferators Sanctions Regulations.
A Houston, Texas company agreed to pay $139,650 to settle potential civil liability for alleged violations of Cuban and Iranian transaction restrictions, the Treasury Department’s Office of Foreign Assets Control said March 5. EGL, Inc., now part of the CEVA Logistics group of companies, allegedly violated the Cuban Assets Control Regulations from April 2005-Dec. 2008, according to an OFAC notice. EGL’s foreign affiliates provided freight forwarding services with respect to shipments to and from Cuba, in 280 different transactions, the notice said. The alleged violations of the Iranian Transactions and Sanctions Regulations occurred from around Aug.-Oct. 2008, when EGL affiliates acted as the freight forwarder of 10 shipments of oil rigs to the oil drilling rig Aban VIII, the notice said. That rig is located in Iranian waters and is operated by Petropars, an affiliated company of the National Iranian Oil Company, according to OFAC.