A Question of Control
One more point should be made about the Al Haramain case that I discussed yesterday. And this point should strike fear in the heart of all but the most foolhardy. In holding that OFAC had sufficient evidence to designate the…
Category OFAC
Court Rules That OFAC Blocks Require Judicial Warrants
Last Friday the U.S. Court of Appeals for the Ninth Circuit released its opinion in a case brought by the Al Haramain Islamic Foundation (“AHIF”) in which AHIF challenged its designation as a terrorist-supporting organization by the Office of Foreign…
OFAC Is Seeking Solution To Permit US Oil Companies in South Sudan
Even though the U.S. has lifted its Sudan sanctions with respect to the newly-minted state of South Sudan, that has not resolved the conundrum of U.S. oil investment and activity in South Sudan. South Sudan is land-locked, and all oil…
Well, That Didn’t Take Long, Did It?
Only a few nanoseconds after JPMorgan Chase Bank agreed to pay $88.3 million dollars to the Office of Foreign Assets Control (“OFAC”) to settle charges that the bank violated the agency’s sanctions on Cuba, Iran and other countries, the Louisiana…
Annoying OFAC Can Be Costly
By now you’ve probably read the JPMorgan Chase Bank (“JPMC”) agreed to pay to the Office of Foreign Assets Control (“OFAC”) the whopping amount of $88.3 million to settle charges that it violated just about every sanctions program on OFAC’s…