Yesterday the Office of Federal Assets Control (“OFAC”) published a notice in the Federal Register that reversed, at least temporarily, the absurd interpretation that it had adopted of the statutory requirement in the Trade Sanctions Reform and Export Enhancement Act…
The Government Accountability Office released a report last Thursday on the Iran Sanctions and there is, you might say, good news, bad news and old news in the report. First, the good news. The GAO’s audit of the licensing process…
Here’s what has changed at OFAC. Yesterday OFAC announced a general license for Iran and Sudan that would permit export of certain services and software incident to the exchange of personal communications over the Internet, such as instant messaging, chat…
I thought I was seeing things. First, I read a notice on the website of the Directorate of Defense Trade Controls (“DDTC”) saying that DDTC was putting a temporary hold on export licenses where BAE Systems was an applicant or…
ABOVE: Monzer al-Kassar An article that I just noticed in the February 8 issue of The New Yorker, tells the fascinating story of a D.E.A. sting operation conducted in Spain against Monzer al-Kassar, the notorious arms dealer alleged to have…