Trans Pacific National Bank recently agreed pay $12,500 penalty to the Office of Foreign Assets Control (“OFAC”) to settle charges that it had facilitated transactions by a foreign person where the transactions by the foreign person would be prohibited if…
ABOVE: Qari Hussain Today the Office of Foreign Assets Control (“OFAC”) added Qari Hussain (a.k.a. Qari Hussain Mehsud) to its list of Specially Designated Nationals and Blocked Persons. U.S. individuals and companies are prohibited from engaging in any transactions with…
The Treasury Department has a blog. Who knew? Well, if you look at it, you’ll understand the reason why no one knew. One reason might be today’s post reporting the exciting news that the tax filing season has just started.…
ABOVE: Pinnacle Aircraft Parts HQ The Office of Foreign Assets Control (“OFAC”) released civil penalty information revealing that Pinnacle Aircraft Parts, Inc., agreed to pay $225,000 to settle allegations that Pinnacle had failed to comply with an OFAC subpoena. OFAC…
In the latest disclosure of civil penalty information by the Office of Foreign Assets Control, the agency describes a Letter of Violation that it issued against an international evangelical group called Christ for All Nations. According to the disclosure, the…