On Monday, the Department of Treasury’s Office of Foreign Assets Control (“OFAC”) repealed the Iraqi Sanctions Regulations, formerly found at 31 C.F.R. § 575.101 et seq. and replaced them the Iraq Stabilization and Insurgency Sanctions Regulations which will be found…
Last week, this blog reported OFAC’s announcement at the BIS Update that an electronic licensing system for agricultural and medical exports under the Trade Sanctions Reform and Export Enhancement Act of 2000 (“TSRA”) would debut “soon.” And by “soon” they…
The Bureau of Industry and Security’s Update 2010 conference started off this morning with free coffee and pastries, a military honor guard procession, and the Star Spangled Banner. At first, it was hard to tell whether I was attending a…
[This is the third post in a row on OFAC, which is just a coincidence. The blog is not about to be renamed OFACLawBlog.] Last week the Department of Treasury’s Office of Foreign Assets Control (“OFAC”) announced a settlement with…
Last week, the Department of Treasury’s Office of Foreign Assets Control (“OFAC”) published a final rule in the Federal Register adopting the Iranian Financial Sanctions Regulations as required by the Comprehensive Iran Sanctions, Accountability, and Divestment Act of 2010 (“CISADA”).…