ABOVE: Ali Sadr Hasheminejad Last week, Iranian national Ali Sadr Hasheminejad was arrested at Dulles Airport outside Washington DC in connection with a Venezuelan housing construction project undertaken by his family’s business in Iran. According to the indictment, the governments of…
ABOVE: Nicolas Maduro Yesterday the White House issued an executive order prohibiting U.S. persons from transactions in the Petro, the new Venezuelan digital currency. As you might recall, OFAC initially suggested that dealings in the Petro would violate restrictions on…
On March 5, the Office of Foreign Assets Control (“OFAC”) released a completely revised and revamped version of the North Korea Sanctions Regulations. The intent of the revision was to catch up with Executive Orders 13687, 13722, and 13810, as…
A few weeks ago, the attendance of Iranian Foreign Minister Javad Zarif at the Munich Security Conference led to a little brouhaha when German fuel companies, worried about U.S. sanctions on Iran, indicated that they would not be able to…
Back on November 17, the South Koreans seized KOTI, a Panamanian-registered ship that was suspected of transferring oil in mid-ocean to a North Korean ship. That didn’t stop the Office of Foreign Assets Control (“OFAC”) from adding the vessel (and…