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…
Yesterday, the U.S. Treasury Department’s Office of Foreign Assets Control (“OFAC”) added Iran’s Bank Tejerat to the list of Specially Designated Nationals and Blocked Persons List (the “SDN List”). This means that no U.S. person may engage in financial transactions…
ABOVE: Nalinee Taveesin Any U.S. companies doing business with the Thai government are going to have to exercise some additional caution after Thailand’s Prime Minister Yingluck Shinawatra appointed Nalinee Taveesin as PM’s Office Minister. Ms. Taveesin is on the SDN…
A spokesman for the Treasury Department’s Office of Foreign Assets Control (“OFAC”) told Export Law Blog this morning that discussions between OFAC and the North Pole over Santa Claus’s Christmas Eve itinerary had broken down and were not expected to…