With the corpses of banks skewered by OFAC strewn around everywhere you look, it is not altogether surprising that banks are terrified of the agency and are scared to death that the slightest misstep might bring the wrath of the agency…
The NBC affiliate in Miami on September 29 issued an “investigative report” with the title “Millions of Dollars Sent to Cubans Abroad Being Blocked by U.S. Government.” It starts as follows: As the U.S. continues to ease sanctions against Cuba,…
This blog has noted before that comprehensive embargoes by the United States that cover civil aircraft parts flaunt the Convention on International Civil Aviation to which the United States is a party inasmuch as they endanger the lives of people in…
Here are a few recent developments that you may have missed: Adam Szubin, former OFAC head, threatens to re-impose sanctions on Iranian banks in confirmation hearings on his nomination as Treasury Department Under Secretary for Terrorism and Financial Intelligence. DC tabloid Washington…
I’m not sure that chutzpah is a term applicable to government agencies, but, if it is, this is chutzpah. The International Trade Commission announced that it is investigating how Cuban non-tariff measures, Cuban institutional and infrastructural factors, and other Cuban…