OFAC US
Iran-related Designations; Issuance of Iran-related General License
The Department of the Treasury’s Office of Foreign Assets Control (OFAC) is issuing Iran-related General License P "Authorizing the Wind Down of Transactions Involving Navyan Abr Arvan Private Limited Company or Arvancloud Global Technologies L.L.C."
In addition, the following changes have been made to OFAC's list of Specially Designated Nationals:
SPECIALLY DESIGNATED...
OFAC US
Counter Terrorism Designations; Sudan Designations; Russia-related Designation Removal; Issuance of Sudan General Licenses
The Department of the Treasury’s Office of Foreign Assets Control (OFAC) is issuing Sudan General License Number 1 "Official Business of Certain International Organizations and Entities;" Sudan General License Number 2 "Certain Transactions in Support of Nongovernmental Organizations’ Activities;" Sudan General License Number 3 "Transactions Related to the Provision of Agricultural Commodities, Medicine, Medical Devices,...
OFAC US
Counter Narcotics Designations; Syria Designations
SPECIALLY DESIGNATED NATIONALS LIST UPDATE
The following individuals have been added to OFAC's SDN List:
BALWI, Fadel Ma'ruf (Arabic: فاضل معروف بلوي) (a.k.a. AL-BALAWI, Fadel), Syria; DOB 01 Jan 1983; POB Nubl, Syria; nationality Syria; Gender Male; Passport 2251748 (Syria) (individual) (Linked To: AL-FADEL EXCHANGE AND MONEY TRANSFER COMPANY).
BALWI,...
OFAC US
Russia-related Designation; Counter Narcotics Designations Removals
SPECIALLY DESIGNATED NATIONALS LIST UPDATE
The following individual has been added to OFAC's SDN List:
MASLOV, Ivan Aleksandrovich (Cyrillic: МАСЛОВ, ИВАН АЛЕКСАНДРОВИЧ) (a.k.a. "MASLOV, Ivan Oleksandrovich"), Mali; Uchitelskaya St., Apt 2, Shatki, Nizhny Novgorod Region, Russia; DOB 11 Jul 1982; alt. DOB 03 Jan 1980; POB Arkhangelsk, Russia; alt. POB Chuguevka,...
OFAC US
Counter Terrorism Designations; Somalia Designations
SPECIALLY DESIGNATED NATIONALS LIST UPDATE
The following individual has been added to OFAC's SDN List:
AADAN, Hassan Yariisow (a.k.a. YARIISOW, Xasan; a.k.a. YARIISOW, Xassan), Tortoroow, Lower Shabelle, Somalia; DOB 1990; nationality Somalia; Gender Male; Secondary sanctions risk: section 1(b) of Executive Order 13224, as amended by Executive Order 13886 (individual) ...
OFAC US
North Korea Designations; Issuance of Venezuela-related General License
The Department of the Treasury's Office of Foreign Assets Control (OFAC) is issuing Venezuela-related General License 8L "Authorizing Transactions Involving Petróleos de Venezuela, S.A. (PdVSA) Necessary for the Limited Maintenance of Essential Operations in Venezuela or the Wind Down of Operations in Venezuela for Certain Entities."
The following additions have been made...
OFAC US
Russia-related Designations; Issuance of Amended Russia-related Directive 4, Russia-related General Licenses; Publication of Russia-related Determinations; and New and Amended Frequently Asked Questions
The Department of the Treasury’s Office of Foreign Assets Control (OFAC) is issuing Russia-related General License 13E, “Authorizing Certain Administrative Transactions Prohibited by Directive 4 under Executive Order 14024;” General License 66, “Authorizing the Wind Down of Transactions Involving Public Joint Stock Company Polyus;” General License 67, “Authorizing Certain Transactions Related to...
OFAC US
Publication of South Sudan Sanctions Regulations
The Department of the Treasury's Office of Foreign Assets Control (OFAC) is amending the South Sudan Sanctions Regulations and reissuing them in their entirety. This regulatory amendment is currently available for public inspection with the Federal Register and will take effect upon publication in the Federal Register on May 18, 2023.
This...
OFAC US
Settlement Agreements between the U.S. Department of the Treasury’s Office of Foreign Assets Control; Murad, LLC, and an Individual
The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) today announced a $3,334,286 settlement with Murad, LLC (“Murad”), and a $175,000 settlement with a natural U.S. person (“U.S. Person-1”). Murad agreed to settle its potential civil liability for one apparent violation of OFAC sanctions on Iran...
OFAC US
Ukraine-/Russia-related Designation Removal
SECTORAL SANCTIONS IDENTIFICATIONS LIST UPDATE
The following deletion has been made to OFAC's Sectoral Sanctions Identifications List:
SKODA JS A.S., Orlik 266, Plzen - mesto PSC 316 06, Plzen, Czech Republic; Executive Order 13662 Directive Determination - Subject to Directive 1; Secondary sanctions risk: Ukraine-/Russia-Related Sanctions Regulations, 31 CFR 589.201 and/or...
OFAC US
Issuance of Executive Order Imposing Sanctions on Certain Persons Destabilizing Sudan and Undermining the Goal of a Democratic Transition
Today, the President signed a new Executive Order Imposing Sanctions on Certain Persons Destabilizing Sudan and Undermining the Goal of a Democratic Transition.
In addition, the Department of the Treasury's Office of Foreign Assets Control (OFAC) is also amending one related Frequently Asked Question (836).
This news item was originally published by...
OFAC US
Issuance of Venezuela-related General License; Publication of New and Amended Venezuela-related Frequently Asked Questions
The Department of the Treasury's Office of Foreign Assets Control (OFAC) is issuing Venezuela General License 42, "Authorizing Certain Transactions Related to the Negotiation of Certain Settlement Agreements with the IV Venezuelan National Assembly and Certain Other Persons." In addition, OFAC is publishing three new Frequently Asked Questions (1123, 1124, 1125)...
Regulator Information
Regulator Name: Office of Foreign Assets Control
Abbreviation: OFAC
Jurisdiction: United States
Website: https://home.treasury.gov/
Email: [email protected]
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Published on: 05 June 2023
Designated Businesses (Registration & Oversight) Act 2015
Novellie, Verardi & Mitchell
Notice is hereby given that Novellie, Verardi & Mitchell, which was registered under