ABOVE: Robert Mugabe OFAC last week issued its first general license for U.S. sanctions relating to Zimbabwe. The license authorizes for the most part “all transactions involving Agricultural Development Bank of Zimbabwe and Infrastructure Development Bank of Zimbabwe.” Both banks,…
Samsung has just announced that, as of May 22, it is shutting off access from Iran to its mobile phone app store. The move, announced in an email to customers, was somewhat vague about the reason for the decision, citing…
OFAC announced on Friday a settlement with California-based SAN Corporation (“SAN”) for an alleged violation of the Iranian Transactions Regulations that occurred in September of 2007. OFAC alleged that SAN sold nutritional supplements to an entity in Kuwait with knowledge that…
Banks may be too big to fail but their employees, apparently, aren’t too small to nail. After taking a boatload of abuse during Senate Banking Committee hearings in December that no individuals were held civilly or criminally liable for the…
Last Friday, there were news reports, like this one in the BBC, that the Twitter account of Somali terrorist group Al-Shabaab, had been suspended by Twitter. Apparently, some of its more outrageous tweets violated the Twitter terms of service. Of…