The Office of Foreign Assets Control on Nov. 13 sanctioned the Mexico-based Hysa Organized Crime Group (HOCG), a transnational criminal organization, and five members of the Hysa family for laundering drug-trafficking proceeds through various Mexico-based businesses.
The Office of Foreign Assets Control on Nov. 12 sanctioned 32 individuals and entities for operating procurement networks that support Iran’s ballistic missile and unmanned aerial vehicle (UAV) production.
The Office of Foreign Assets Control on Nov. 12 sanctioned the Democratic Karen Benevolent Army (DKBA), a Burmese armed group, for supporting Myanmar-based cyber scam centers that target Americans with fraudulent investment schemes.
VFC Solutions, a sanctioned Cypriot investment firm, filed a lawsuit against the Office of Foreign Assets Control for denying its petition to be delisted from the Specially Designated National and Blocked Persons List (SDN List), arguing that the agency acted "arbitrarily and capriciously" by denying the petition based on "speculation and conjecture."
The U.S. has given Syria a new 180-day sanctions waiver under the Caesar Syria Civilian Protection Act of 2019 to help the war-torn country continue its rebuilding effort, the Office of Foreign Assets Control said Nov. 10.
The Office of Foreign Assets Control this week sanctioned three people who it said helped to funnel tens of millions of dollars from Iran to Hezbollah this year, which allowed the terror group to "support its paramilitary forces, rebuild its terrorist infrastructure, and resist the Lebanese government’s efforts to assert sovereign control over all Lebanese territory." The designations target Hezbollah member Ossama Jaber, as well as Ja’far Muhammad Qasir and Samer Kasbar, who help manage Hezbollah's finances.
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The Office of Foreign Assets Control issued a new general license this week that authorizes certain transactions with three aircraft that had been blocked under the Belarus Sanctions Regulations. The license, which has no expiration date, authorizes transactions with:
The Office of Foreign Assets Control this week sanctioned a network of people and entities for their ties to North Korean money laundering, sanctions evasion and information technology worker fraud. The agency said the network has helped North Korea generate revenue for its weapons programs.
Kuang Chiang, a former licensing officer at the Treasury Department's Office of Foreign Assets Control, has joined Morrison Foerster as of counsel in its national security group, the firm announced this week. Most recently, Chiang was counsel at A&O Shearman, where she worked for more than eight years. Chiang served as a licensing officer at OFAC during 2009-2012.