In my last post on the new Cuba regulations, I hadn’t yet seen the regulations published by the Bureau of Industry and Security (“BIS”) in the Federal Register on September 8 but had only seen press reports about their supposed…
An article published Wednesday in the Miami Herald breathlessly announced that the reporter had been told that the new OFAC and BIS rules implementing the changes to the Cuba embargo announced by the administration in April would appear in Thursday’s…
A report today in the Internet edition of Electronics Weekly brought to my attention some correspondence back in June between the Securities and Exchange Commission (“SEC”) and Intel. The correspondence arose from newspaper reports in May that Cuba had lifted…
The Office of Foreign Assets Control (“OFAC”) released last Friday its monthly report of civil penalties it imposed for violations of the economic sanctions programs administered by the agency. I was particularly interested in the announcement of a $10,341.00 fine…
Zachary Sanders, a Brooklyn attorney, filed* suit in federal district court against the Office of Foreign Assets Control (“OFAC”) in connection with a $9,000 fine imposed on him by OFAC for failing to respond to a Request for Information (“RFI”)…