OFAC just released its monthly exercise in non-disclosure, recounting — in as little detail as possible — penalty actions undertaken by OFAC in the previous month. A Cuba vacationer, a guy who purchased a few Cuban stogies over the Internet,…
In all the hubbub about the SEC fining El Paso for violating the Foreign Corrupt Practices Act through bribes paid in connection with the Oil for Food program, there has been little mention that OFAC was also part of the…
Last week I posted on the issuance by OFAC of a license to the U.S. Embassy in Nepal and USAID to continue providing financial support to the Government of Nepal notwithstanding that the Communist Party of Nepal (the “CPN”), an…
With profound apologies to Mel Brooks, it’s springtime for Muammar in Libya, winter for Hugo Chavez! No, that’s not the latest lyric from a Broadway hit; rather it’s a reference to a notice of a final rule issued by DDTC…
The U.S. Embassy in Nepal announced today that OFAC has granted a license to the U.S. Mission in Nepal and to the U.S. Agency for International Development to continue to provide assistance to the Government of Nepal notwithstanding the participation…