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...
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,...
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,...
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,...
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) ...
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...
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...
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...
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...
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...
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...
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 Name: Office of Foreign Assets Control
Jurisdiction: United States
Email: [email protected]
SEC Charges Coinbase for Operating as an Unregistered Securities Exchange, Broker, and Clearing Agency
Coinbase also charged for the unregistered offer and sale of securities in connection with its staking-as-a-service program. The Securities and Exchange Commission today charged Coinbase, Inc.
ESMA publishes follow-up report to the peer review on the Guidelines on ETFs and other UCITS issues
See the content published by the European Securities and Markets Authority (ESMA) here: Read more
Deputy Director General Jyri Helenius assigned as Head of Director General’s Staff at Financial Supervisory Authority
The Board of the Financial Supervisory Authority (FIN-FSA) has assigned Deputy Director General Jyri Helenius to handle the duties of the Head of Director...
Novellie, Verardi & Mitchell
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