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OFAC Update: 2 Taiwanese WMD Proliferation Listings Added
One individual, one company – from a place you wouldn't expect – Taiwan! CHANG, Wen-Fu (a.k.a. CHANG, Tony; a.k.a. ZHANG, Wen-Fu); DOB 01 Apr 1965; nationality Taiwan; Passport 211606395 (Taiwan)...
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Two companies sanctioned by OFAC under IFSR, NPWMD: May 15, 2013
Here they are: AL FIDA INTERNATIONAL GENERAL TRADING, Emirates Concord Hotel, Office Tower 16th Floor Flat 1065, P.O. Box: 28774, Dubai, United Arab Emirates [NPWMD] [IFSR]. AL HILAL EXCHANGE, P.O. Box...
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May 23, 2013 OFAC Updates to Iran & WMD Sanctions
Changes were made to the SDN List for two Iran sanctions programs (Government of Iran and IFSR) and the non-proliferation program. The following individuals were added under the Government of Iran...
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OFAC was busy Friday…
Treasury has been pounding the table every time it ratchets up the pressure on Iran, and did so again with yet another press release on Friday. The changes were multi-pronged, as noted in the lead...
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June 10, 2013: Changes to Iran Non-proliferation sanctions
Her Majesty's Treasury on Monday amended its Consolidated List in response to Council Implementing Regulation (EU) No 522/2013, which amends Annexes VIII and IX of Council Regulation (EU) No 267/2012....
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Bank Mellat:1 HMT: 0
Last Wednesday, the Supreme Court found in favor of the Iranian bank in its challenge to the Financial Restrictions (Iran) Order 2009. It does not affect the sanctioning of the Bank under the current...
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June 27, 2013: OFAC adds 4 to North Korean Non-Proliferation Sanctions
Two individuals, and two entities (really parts of the same whole): KIM, Chol Sam; DOB 11 Mar 1971; nationality Korea, North; Treasurer, Daedong Credit Bank (individual) [NPWMD]. SON, Mun San; DOB 23...
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Thursday’s OFAC Enforcement Action: Deutsche Bank’s WMD Program violations
On Thursday, OFAC published a settlement with Deutsche Bank Trust Company Americas (DBTCA in the settlement notice), involving a civil penalty of $18,900 for 2 violations of Executive Order 13382...
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Last Thursday’s OFAC Updates: Tidewater Middle East Co. NPWMD listing...
Last Thursday (September 19th), OFAC added the following persons and individuals under its Kingpin Act (narcotics trafficking) sanctions powers: LIRA JIRON, Bismarck Antonio (a.k.a. JIRON LIRA,...
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October 30, 2013: OFAC plays General License musical chairs
Under the WMD and Iran sanctions programs, General License 5b is now being replaced by General License 5c. The whole idea is to authorize the transactions related to the arrest, detention, disposal,...
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November 27, 2013: HMT updates Iran non-proliferation sanctions lists
On Wednesday, Her Majesty's Treasury made the following changes, in line with Council Implementing Regulation (EU) No 1203/2013, to the non-proliferation sanctions against Iran: Fifteen entities were...
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OFAC General License 8: Different ship, different day
This time, it's the MV Amin, an Iranian oil tanker which has been arrested in China. As with other, similar licenses, this one lets transactions related to the arrest and disposal (e.g. detention and...
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December 12, 2013: Significant number of additions, changes to OFAC Iranian...
Today, OFAC made a sizable number of additions and changes to the SDN List under the Iranian and Non-Proliferation sanctions programs. The following individuals were added: AMIDI, Reza; DOB 30 Sep...
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December 19, 2013: EU, HMT remove 2 from Iran nuclear proliferation sanctions
On Thursday, Her Majesty's Treasury implemented Council Implementing Regulation (EU) No 1361/2013, removing the following individual: MAHMOUDIAN, Fereydoun DOB: 07/11/1943. POB: Iran Nationality:...
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OFAC Fines Bank of Moscow $9,492,525
There were 69 non-egregious, non-self-disclosed violations of the WMD Regulations and Executive Order 13382, with a base penalty of $14,063,000. In 2008 and 2009, these transfers, totalling...
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Sweden Explains It All: Iran nuclear technology sanctions
The historical background on the EU's sanctions against Iran based on its pursuit of nuclear technology: In recent years, the UN Security Council has adopted several resolutions containing sanctions...
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Sweden Explains It All: Iran nuclear technology sanctions
The historical background on the EU's sanctions against Iran based on its pursuit of nuclear technology: In recent years, the UN Security Council has adopted several resolutions containing sanctions...
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Sweden Explains It All: EU Iran Nuclear Sanctions Details (part 1 of 5)
Part A: Arms Embargo For many years it has been EU policy not to sell arms to Iran. Under Article 1(1)(c) of Council Decision 2010/413/CFSP, it is prohibited to directly or indirectly supply, sell or...
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Sweden Explains It All: EU Iran Nuclear Sanctions Details (Part 2 of 5)
Part D: Key Naval Equipment It is prohibited to directly or indirectly sell or export etc. key naval equipment or technology to Iranian persons, entities or bodies or for use in Iran. This prohibition...
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February 5, 2014: OFAC Issues General License 9 for WMD Sanctions program
On Tuesday, OFAC issued a new General License, to authorize transactions related to the arrest, detention, sales, etc. of the MV Sinin (IMO 9274941), a sanctioned vessel currently detained in China....
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