Aggregated News From Investment Management Regulators

OFAC US

Burma-related Designations; Counter Terrorism Designations

SPECIALLY DESIGNATED NATIONALS LIST UPDATE The following individuals have been added to OFAC's SDN List:  AL-FAY, Ibrahim Ali 'Awad (a.k.a. "Abu Ali al-Samarra'i"), Sakarya, Turkey; DOB 1968; Gender Male (individual) . AL-FAY, Idris 'Ali 'Awwad (a.k.a. AL-FAY, Idris Ali Awad Khalif; a.k.a. KHALIF, Idris Ali 'Awad; a.k.a. "Abu Sayf al-Samara'i"; a.k.a. "Mullah Idris"), Owainat Village, Owainat District, Salah Ad Din Province, Iraq; Turkey; Albu Dur, Tikrit, Salah-ad Din Province, Iraq; DOB 01 Jul 1971; POB Albu Dur, Tikrit, Salah-ad Din Province, Iraq; nationality Iraq; Gender Male (individual) . HLAING, Ko Ko (a.k.a. HLAING, U Ko Ko), 3, IPRD Wing, East Shwegonedine Road, Bahan,...

Amendment of Narcotics Trafficking Sanctions Regulations and Foreign Narcotics Kingpin Sanctions Regulations

The Department of the Treasury’s Office of Foreign Assets Control (OFAC) is amending the Narcotics Trafficking Sanctions Regulations, 31 C.F.R. part 536, and the Foreign Narcotics Kingpin Sanctions Regulations, 31 C.F.R. part 598, to add or amend general licenses with respect to payments for legal services, certain transactions for personal maintenance, certain transactions for maintenance of blocked tangible property, and emergency medical services, among other things.  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 17, 2021. This news item was originally published by...

Kingpin Act Designations and Designation Removal

SPECIALLY DESIGNATED NATIONALS LIST UPDATE The following individuals have been added to OFAC's SDN List:  GONZALEZ PENUELAS, Ignacio (Latin: GONZÁLEZ PEÑUELAS, Ignacio) (a.k.a. GONZALEZ PENUELAS, Jose Ignacio; a.k.a. "NACHO GONZALEZ"), Sinaloa, Mexico; DOB 31 Jul 1972; POB Sinaloa, Mexico; nationality Mexico; Gender Male; C.U.R.P. GOPI720731HSLNXG07 (Mexico) (individual) (Linked To: GONZALEZ PENUELAS DRUG TRAFFICKING ORGANIZATION). GONZALEZ PENUELAS, Jesus (Latin: GONZÁLEZ PEÑUELAS, Jesús) (a.k.a. "EL CHUY GONZALEZ"), Sinaloa, Mexico; DOB 10 Nov 1969; POB Sinaloa, Mexico; nationality Mexico; Gender Male; C.U.R.P. GOPJ691110HSLNXS09 (Mexico) (individual) . GONZALEZ PENUELAS, Wilfrido (Latin: GONZÁLEZ PEÑUELAS, Wilfrido) (a.k.a. GONZALEZ PENUELAS, Wilfredo (Latin: GONZÁLEZ PEÑUELAS, Wilfredo)), Avenida Segunda numero 148,...

Counter Terrorism Designations, Ukraine-/Russia-related Designation Update, Syria Designations Removals, Foreign Sanctions Evaders Determination Removals

SPECIALLY DESIGNATED NATIONALS LIST UPDATE The following individuals have been added to OFAC's SDN List: AKAR, Ezzat Youssef (Arabic: عزت يوسف أكار) (a.k.a. AKAR, Izzat; a.k.a. AKAR, Izzat Youssef; a.k.a. AKKAR, Izzat Yusif), Al-Kyam Hayy al-Sharqi, Marjayun, Al-Nabtiyah, Lebanon; DOB 01 Nov 1967; POB Al-Kiyam, Lebanon; nationality Lebanon; Additional Sanctions Information - Subject to Secondary Sanctions Pursuant to the Hizballah Financial Sanctions Regulations; Gender Male (individual) (Linked To: AL-QARD AL-HASSAN ASSOCIATION). DAHER, Ibrahim Ali (Arabic: ابراهيم علي ضاهر) (a.k.a. DAHIR, Ibrahim), Serhal Building, 1st Floor, Daccache Street, Haret Hreik, Baabda, Lebanon; Blida, Marjayoun, Nabatiyeh, Lebanon; DOB 04 Jul 1964; nationality Lebanon;...

Publication of Frequently Asked Question related to Luokung Technology Corp.

OFAC has published a new Frequently Asked Question (893) related to Luokung Technology Corp. and Executive Order 13959. This news item was originally published by the Office of Foreign Assets Control (OFAC US). For more information, please see the Source Link.

Migration of NS-CCMC List From Temporary Format to OFAC Standard List Format

OFAC is migrating its existing Non-SDN Communist Chinese Military Companies (NS-CCMC) List from a temporary PDF and CSV file format to the standard OFAC list file format.  The NS-CCMC list data will now be included in OFAC's Non-SDN Consolidated Data Files for machine processing.  Human-readable versions of the NS-CCMC list will now be available on a dedicated NS-CCMC landing page. This is only an administrative, technical action.  No new names have been added to the NS-CCMC list.  OFAC has added the listing date, the effective date, and the divestment date to each list record to facilitate compliance with Executive Order 13959 . This news item...

Iraq-related Designation Removal

Specially Designated Nationals List Update The following deletions have been made to OFAC's SDN List:  AL-HASSAN, Anas Malik Dohan (a.k.a. AL-HASSAN, Anas; a.k.a. DOHAN, Anas; a.k.a. DOHAN, Anas Malik; a.k.a. MALIK, Anas), Baghdad, Iraq; Jordan (individual) . AL-HASSAN, Anas (a.k.a. AL-HASSAN, Anas Malik Dohan; a.k.a. DOHAN, Anas; a.k.a. DOHAN, Anas Malik; a.k.a. MALIK, Anas), Baghdad, Iraq; Jordan (individual) . DOHAN, Anas (a.k.a. AL-HASSAN, Anas; a.k.a. AL-HASSAN, Anas Malik Dohan; a.k.a. DOHAN, Anas Malik; a.k.a. MALIK, Anas), Baghdad, Iraq; Jordan (individual) . DOHAN, Anas Malik (a.k.a. AL-HASSAN, Anas; a.k.a. AL-HASSAN, Anas Malik Dohan; a.k.a. DOHAN, Anas; a.k.a. MALIK, Anas), Baghdad, Iraq; Jordan (individual) . MALIK, Anas...

Settlement Agreements between the U.S. Department of the Treasury’s Office of Foreign Assets Control and MoneyGram Payment Systems, Inc., and SAP SE

The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) today announced a settlement with MoneyGram Payment Systems, Inc. (“MoneyGram”), a global payments company based in Dallas, Texas that allows people to send money in more than 200 countries and territories.  MoneyGram agreed to remit $34,328.78 to settle its potential civil liability for 359 apparent violations of multiple sanctions programs.  MoneyGram provided services to blocked individuals incarcerated in U.S. federal prisons without a license from OFAC, processed transactions on behalf of an additional blocked person, and processed transactions for individuals who initiated commercial transactions involving Syria. For more...

Issuance of Amended Somalia Sanctions Regulations

OFAC has amended and reissued in their entirety the Somalia Sanctions Regulations, 31 C.F.R. part 551.  This final rule replaces the regulations that were published in abbreviated form on May 5, 2010, with a more comprehensive set of regulations that includes additional interpretive and definitional guidance, general licenses, and other regulatory provisions that will provide further guidance to the public. This news item was originally published by the Office of Foreign Assets Control (OFAC US). For more information, please see the Source Link.

Kingpin Act Designations Removals

SPECIALLY DESIGNATED NATIONALS LIST UPDATE The following deletions have been made to OFAC's SDN List: CARO ELENES, Hector Rafael (a.k.a. CARO HELENES, Hector Rafael), Callejon del Serrano 4361, Guadalajara, Jalisco, Mexico; Loreto Mendez #4432, Guadalajara, Jalisco, Mexico; San Gonzalo No. 1715, Colonia Santa Isabel, Zapopan, Jalisco C.P. 45110, Mexico; Calle Circuito Madrigal No. 4236 Interior 5, Colonia Santa Isabel, Zapopan, Jalisco C.P. 45110, Mexico; Avenida Acueducto No. 5056, Colonia Jardines de la Patria, Zapopan, Jalisco, Mexico; DOB 18 Dec 1975; POB Culiacan, Sinaloa, Mexico; R.F.C. CAEH751218JT4 (Mexico); C.U.R.P. CAEH751218HSLRLC01 (Mexico) (individual) (Linked To: BLUE POINT SALT, S.A. DE C.V.; Linked...

Burma-related Designations; Kingpin Act Designations Removals

SPECIALLY DESIGNATED NATIONALS LIST UPDATE The following entities have been added to OFAC's SDN List:  MYANMA TIMBER ENTERPRISE (a.k.a. MYANMAR TIMBER ENTERPRISE; f.k.a. STATE TIMBER BOARD; f.k.a. TIMBER CORPORATION), Gyogone Forest Compound, Bayint Naung Road, Insein Township, Rangoon, Burma; No. (72/74) Shawe Dagon Pagoda Road, Dagon Township, Rangoon, Burma; P.O. Box 206, Ahlone Street, Ahlone Township, Rangoon, Burma; Target Type State-Owned Enterprise . MYANMAR PEARL ENTERPRISE, Yazathingha Street, Zabuthri Township, Naypyitaw, Burma; No. 10, Strand Road, Kangyi Quarter, Myeik Township, Tanintharyi, Burma; 90 Kanbe St., Yankin Tsp., Rangoon, Burma; No. 4345 Bu Khwe, Naypyitaw, Burma; Target Type State-Owned Enterprise . The following deletions...

Settlement Agreement between the U.S. Department of the Treasury’s Office of Foreign Assets Control and Alliance Steel, Inc.

The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) today announced a settlement with Alliance Steel, Inc. (“Alliance”), designer and manufacturer of prefabricated steel structures headquartered in Oklahoma City, Oklahoma.  Alliance agreed to remit $435,003 to settle its potential civil liability for apparent violations of the Iranian Transactions and Sanctions Regulations.  On at least 61 occasions between October 2013 and October 2018, Alliance knowingly imported engineering services from a third-party engineering company located in Tehran, Iran.  Multiple members of Alliance senior management were aware of these transactions and participated in the approval process, which, in each transaction,...

Regulator Information

Abbreviation: OFAC
Jurisdiction: United States

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