Commercial computer security firm Sophos reports the recent appearance of spam emails that attempt to get the recipient to click on an Excel file attachment described as a “report of the declined deposit by OFAC.” If the attachment is opened,…
Yesterday when I posted on the latest release of civil penalty information by the Office of Foreign Assets Control (“OFAC”), I promised to do a second post on the $11,000 penalty paid to OFAC by GEICO General Insurance Company (“GEICO”).…
While I was traveling earlier this month, I missed the latest release of civil penalty information by the Treasury Department’s Office of Foreign Assets Control (“OFAC”). Both KLM and Geico were fined. We’ll look at the KLM case today and…
An article (subscription required) in the latest issue of Inside U.S. Trade describes an interview the publication held with a “senior administration official” on the White House’s proposed export control reforms. According to the official, an interagency agreement should occur…
ABOVE: On-shore Cuban oil rig An article in the National Journal reveals that OFAC recently granted a license to permit the International Association of Drilling Contractors to send a U.S. delegation to Cuba to train the Cubans on proper off-shore…