Clif Burns

Clif Burns

OFAC Issues New Iraq Regulations

On Monday, the Department of Treasury’s Office of Foreign Assets Control (“OFAC”) repealed the Iraqi Sanctions Regulations, formerly found at 31 C.F.R. § 575.101 et seq. and replaced them the Iraq Stabilization and Insurgency Sanctions Regulations which will be found…

Oh Happy Day

Last week, this blog reported OFAC’s announcement at the BIS Update that an electronic licensing system for agricultural and medical exports under the Trade Sanctions Reform and Export Enhancement Act of 2000 (“TSRA”) would debut “soon.” And by “soon” they…