The U.S. this week sanctioned three people, five companies and two vessels involved in smuggling oil and liquified petroleum gas (LPG) for Hezbollah, and it updated a sanctions advisory for the maritime energy shipping industry to highlight risks from shipments to Syria.
The Office of Foreign Assets Control is seeking public comments on information collections involving its Reporting, Procedures and Penalties Regulations; the Cuban Assets Control Regulations; the Iran Financial Sanctions Regulations; and the Hizballah Financial Sanctions Regulations, it said in a notice released Sept. 11. Comments are due Nov. 12.
The U.S. this week sanctioned nine Mexicans and 26 Mexico-based entities with ties to a network that steals fuel to generate revenue for the Cartel Jalisco Nueva Generacion, a sanctioned Mexican drug trafficking group. The network has generated “tens of millions of dollars” for the cartel through fuel theft from Mexico’s state-owned petroleum company, Pemex, including by illegally drilling taps into fuel pipelines, stealing from refineries and hijacking tanker trucks, the Treasury Department said.
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The banking industry’s increasing overcompliance with U.S. sanctions is leading to an uptick in unnecessary financing delays and transaction cancellations, nongovernmental organizations told the Treasury Department. They said the issues are causing hurdles for humanitarian groups trying to deliver aid abroad and raising discrimination concerns among foreigners living in the U.S.
The U.S. this week sanctioned 10 people and two entities involved in Russian government “influence operations,” including state-funded news outlets and their employees.
The Office of Foreign Assets Control published a new alert this week detailing Russian attempts to evade sanctions by opening new overseas branches and subsidiaries.
A financial software company recently disclosed to the Office of Foreign Assets Control that it may have violated U.S. sanctions by allowing its services to be used by customers in restricted countries.
The U.S. removed sanctions from a former board member of one of Russia’s largest private banks more than two years after he submitted a delisting petition and about 10 months after he sued the State Department for stalling a decision on that petition without explanation.
Export Compliance Daily is providing readers with the top stories from last week in case you missed them. You can find any article by searching for the title or by clicking on the hyperlinked reference number.