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February 6, 2014: OFAC’s trifecta (counter-terrorism, Iran, WMD proliferation)
On Thursday, OFAC added the following persons and entities: AFKHAMI RASHIDI, Mahmud (a.k.a. AFKHAMI RASHIDI, Mahmood; a.k.a. AFKHAMI RASHIDI, Mahmoud); DOB 31 Aug 1962; POB Mashhad, Iran; nationality...
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Sweden Explains It All: EU Iran Nuclear Sanctions Details (Part 4 of 5)
Part O: Financial Transactions Since autumn 2010, a comprehensive system of prohibitions and controls of various financial transactions to and from Iranian banks, persons and other entities and bodies...
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Sweden Explains It All: EU Iran Nuclear Sanctions Details (Part 3 of 5)
Part K: Investments in or from Iranian companies Investments in Iranian companies Under Article 17 of Council Regulation (EU) No 267/2012, it is prohibited to invest, through loans, acquisitions or...
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Sweden Explains It All: EU Iran Nuclear Sanctions Details (Part 5 of 5)
Part T: Travel Travel restrictions are in place in EU Member States, in the form of prohibitions on entry and transit for persons that the Security Council or the EU considers to have a particular...
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February 27, 2014: EU, HMT removes 11 from Iranian nuclear non-proliferation...
On Thursday, Her Majesty's Treasury, because of a judgment of the General Court of the European Union, removed the following persons from its Iranian sanctions: ESLAMI, Mansour (Group ID: 12280) FARD,...
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April 24, 2014: EU, HMT shuffle the Iran Nuclear Proliferation list
On Thursday, in line with Council Implementing Regulation (EU) No 397/2014, Her Majesty's Treasury removed the following entity: 1. SAFA NICU a.k.a: (1) (2) (3) (4) (5) Address: Safa Al-Noor Company...
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May 29, 2014: OFAC Updates Iran, Iraq, WMD sanctions lists
On Tuesday, OFAC modified a number of sanctions programs. First, the following have been added to the SDN list under either the IFSR (Iran Financial Sanctions Regulations), Executive Order 13645 (part...
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July 9, 2014: OFAC adds to Syria, WMD sanctions listings
On Wednesday, OFAC added the following entities under its non-proliferation sanctions program: EXPERT PARTNERS (a.k.a. EXPERTS PARTNERS), Rukn Addin, Saladin Street, Building 5, PO Box 7006, Damascus,...
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Rearranging the deck chairs… OFAC Enforcement Action?
On Thursday, OFAC announced a settlement with Tofasco of America for violations of the WMD non-proliferation regulations. This is a weird one, but actually quite reasonable once you consider the...
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Labor Day Weekend apparently literal: big OFAC update!
Just now, OFAC just made a raft of changes to the Specially-Designated Nationals (SDN) List. The changes are to the Iran (including Executive Order 13645, which blocks trade in the Iranian currency,...
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And the State Department explains it all…
The US State Department also issued a statement about today's large OFAC update: Media Note Office of the Spokesperson Washington, DC August 29, 2014 The Administration imposed sanctions today on a...
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OFAC Enforcement Action: Citibank’s Lucky Number is $217,841
On Wednesday, OFAC released the settlement details for Citi’s violations of the Iranian, WMD, terrorism and Kingpin sanctions programs. Here’s what happened: Between April 2, 2009, and November 16,...
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October 16, 2014: OFAC giveth (Syria), OFAC taketh away (non-proliferation)
On Thursday, the Office of Foreign Assets Control (OFAC) added the following persons: AL-ZEYDI, Issa (a.k.a. AL-ZAYDI, Issa); DOB 07 Feb 1939; POB Russia; nationality Russia; Passport 63N9437545...
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November 13, 2014: EU, HMT add 3, change 4 Iranian sanctions listings
On November 13, Her Majesty’s Treasury added the following person: ZANJANI, Babak DOB: 12/03/1971. Other Information: EU listing. Not UN. He has provided support for the financing of transactions in...
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December 30, 2014: OFAC adds more to Iran, WMD sanctions programs
On Tuesday, OFAC added the following persons: AMERI, Teymour (a.k.a. AMERI, Teymur; a.k.a. BARAKI, Teimur Ameri; a.k.a. BARAKY, Teymur Ameri; a.k.a. BARKI, Teymur Ameri); DOB 12 Jul 1958 (individual)...
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February 16, 2015: EU, HMT add 2 to Iranian non-proliferation sanctions
On February 16th, Her Majesty's Treasury (HMT) brought their Consolidated List in line with Council Implementing Regulation (EU) No 2015/230 by adding the following person: GOLPARVAR, Gholam, Hossein...
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The New Math: Multi-agency enforcement actions against Commerzbank AG
Everyone gets a piece of the pie here – the NY Department of Financial Services gets $610 million, OFAC’s official fine is in excess of $250 million (but is deemed paid on the basis of the lesser...
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March 31, 2015: OFAC adds to WMD sanctions, modifies Syrian sanctions lists
On Tuesday, the Office of Foreign Assets Control (OFAC) added the following entities under its Weapons of Mass Destruction Non-Proliferation (NPWMD) sanctions program: DENISE COMPANY, Tayyouneh-Bdeir...
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March 25, 2015: 486 violations net PayPal a $7,658,300 fine
On March 25th, OFAC levied a Civil Monetary Penalty against PayPal for violations of the Iran, Cuba, Sudan, terrorism and Weapons of Mass Destructioin sanctions programs. These violations started in...
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April 3, 2015: OFAC removes Buhary Seyed Abu Tahir from NPWMD program
On April 3rd, OFAC removed the following person from the Non-Proliferation of Weapons of Mass Destruction (NPWMD) program on its Specially Designated Nationals (SDN) List: TAHIR, Buhary Seyed Abu; DOB...
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