Well, even the White House now knows, and presumably the folks at the Office of Foreign Assets Control now know, that the Syrian dictator with the silly moustache, Bashar al-Assad, was possibly circumventing U.S. sanctions when he downloaded from iTunes…
So, this afternoon, I was on the phone with a client who had a question about the Cuba sanctions enforced by the Office of Foreign Assets Control (“OFAC”). As I often do in these situations, I went to the OFAC…
Take a gander at this headline of a company press release today: WWA Group Receives Cautionary Letter from Office of Foreign Assets Control Yes, that’s right, the WWA Group, a global heavy equipment auctioneer, is trumpeting to the world that…
The Office of Foreign Assets Control (“OFAC”) was feeling left out as the one branch of Treasury not tangled up in the foreclosure crisis, so it decided to take a whack at a condominium association that was just trying to…
The White House issued an executive order today blocking all property of the Iranian government and all Iranian financial institutions. Prior to this action, the Iranian Transaction Regulations (“ITR”) required U.S. persons to reject transactions with these parties rather than…