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Julie DiMauro Contributing Editor

Thomas Fox Contributing Editor

Marc Alain Bohn Contributing Editor

Bill Waite Contributing Editor

Shruti J. Shah Contributing Editor

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Richard Bistrong Contributing Editor 

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FCPA Blog Daily News

Entries in OFAC (26)

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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Sunday
Jan172016

Sunday action: U.S. sanctions eleven for Iran ballistic missile program

The U.S. Treasury Department's Office of Foreign Assets Control imposed new sanctions Sunday against eleven people and companies allegedly involved in Iran's ballistic missile program. The action came one day after President Obama lifted sanctions on Iran's nuclear program and hours after a prisoner swap between Washington and Tehran.

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Wednesday
Nov042015

Deutsche Bank pays $258 million, fires six for U.S. sanctions offenses

Federal and New York authorities said Wednesday that Deutsche Bank will pay $258 million and fire six senior employees to resolve investigations into thousands of illegal transactions with customers in Iran, Libya, Syria, Myanmar, and Sudan.

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Wednesday
Sep302015

Nina Mohseni: Treasury amends Cuba sanctions again, but embargo remains

Secretary of State John Kerry in a vintage Chevy Impala in Old Havana on August 15, 2015 (State Department photo)The Treasury Department’s Office of Foreign Assets Control (OFAC) has amended the Cuba sanctions regulations for the second time this year. 

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Thursday
Aug132015

Resource alert: OFAC 2015 fall symposium (September 22)

The 2015 OFAC Fall Symposium will be held in Washington, DC on September 22, 2015.

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