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Richard L. Cassin Publisher and Editor

Andy Spalding Senior Editor

Jessica Tillipman Senior Editor

Elizabeth K. Spahn Editor Emeritus

Cody Worthington Contributing Editor

Julie DiMauro Contributing Editor

Thomas Fox Contributing Editor

Marc Alain Bohn Contributing Editor

Bill Waite Contributing Editor

Shruti J. Shah Contributing Editor

Russell A. Stamets Contributing Editor

Richard Bistrong Contributing Editor 

Eric Carlson Contributing Editor

Bill Steinman Contributing Editor

Aarti Maharaj Contributing Editor


FCPA Blog Daily News

Entries in OFAC (30)

Friday
Aug112017

Karen Gray: How consistency can make or break a compliance program

Business philosopher Jim Rohn said: “Success is neither magical nor mysterious. Success is the natural consequence of consistently applying basic fundamentals.”

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Tuesday
Aug012017

Compliance Alert: Lessons from OFAC’s recent enforcement action against non-U.S. companies

Last week the U.S. Treasury Department’s Office of Foreign Assets Control announced a $12 million settlement with CSE Global Limited and its subsidiary, CSE TransTel Pte. Ltd., both based in Singapore.

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Thursday
Jun292017

AIG fined for insuring Iran, Sudan, Cuba shipments

Insurance giant American International Group agreed to pay the Office of Foreign Assets Control about $149,000 to settle 555 "apparent violations" of OFAC sanctions against Iran, Sudan, and Cuba.

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Friday
Jun232017

OFAC issues new FAQs for Cuba sanctions

The Treasury Department's Office of Foreign Assets Control published Frequently Asked Questions on President Trump’s Cuba announcement.

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Friday
Apr212017

Dear OFAC, How do I get off the sanctions list?

Sometimes those on an OFAC sanctions list want to be removed -- either because they're no longer engaging in the behavior first alleged, or they were put on the list by mistake, maybe because of a same-name mix up.

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Monday
Nov212016

Event: OFAC Fall Symposium (Washington, DC - December 7)

The 2016 OFAC Fall Symposium will provide a comprehensive review of current U.S. economic sanctions.

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Tuesday
Sep272016

Weatherford pays SEC $140 million for accounting fraud

The Securities and Exchange Commission said Tuesday that oil services company Weatherford International paid a $140 million penalty to settle charges that it inflated earnings by using deceptive income tax accounting. 

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Wednesday
Sep142016

PanAm Seed settles Iran sanctions offenses for $4.3 million

The Treasury Department's Office of Foreign Assets Control said Tuesday PanAmerican Seed Co. paid $4.32 million to settle potential civil liability for Iran sanctions violations.

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Wednesday
May182016

U.S. lifts most Burma sanctions, shows ‘strong support’ for new government

Aung San Suu Kyi, State Counsellor of Myanmar, The U.S. Department of the Treasury’s Office of Foreign Assets Control amended the Burmese Sanctions Regulations Tuesday to support trade with Burma.

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Monday
Apr252016

Think the Cuba sanctions ended? Better read this

The Treasury Department's Office of Foreign Assets Control published a new set of questions and answers Thursday about the sanctions on Cuba. OFAC's answers will surprise a lot of people.

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Tuesday
Feb022016

OFAC adds five to Magnitsky sanctions list

The Treasury Department's Office of Foreign Assets Control added four Russians and a Ukrainian to its list of those sanctioned under the Magnitsky Act for alleged human rights abuses.

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Thursday
Jan282016

Nina Mohseni: Iran sanctions lifted! But wait…which sanctions?

U.S. Secretary of State John Kerry with Iranian Foreign Minister Mohammad Javad Zarif (State Department photo) If you’re a U.S. company -- unless you’re a food, medicine/medical supplies, or civil aircraft/parts supplier -- you still cannot have anything to do with Iran, even after the so-called lifting of sanctions as part of the nuclear accord known as the Joint Comprehensive Plan of Action.

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