The Sincerest Form of Flattery?
A helpful reader emailed me earlier today that some guy was so impressed with this blog that he decided to start his own site* (pdf image file of site – safe) by stealing each and every one of my posts…
Category OFAC
Different Month, Same Sanctions
OFAC released today its monthly civil penalties report and it is, as is usually the case, all Cuba all the time. EFEX Trade, LLC, a company that provides both management consulting and massage therapy services, paid $2,000 for unlicensed remittance…
The Biggest Publicity Stunt Since Elvis Joined the Army
Nonagenarian New York prosecutor, Robert Morgenthau, still keeps trying to grab the spotlight after all these years, even if it means wasting immense amounts of New York state funds on a criminal prosecution he can’t win and which should have…
How To Guarantee the Maximum Penalty
ABOVE: Golden Escrow HQ The Treasury Department’s Office of Foreign Assets Control (“OFAC”) released its monthly report on civil penalties today and one case, involving Golden Escrow, Inc., caught our eye. The escrow company was accused of attempting to transfer…
OFAC Imposes Sanctions on Yet Another Iranian Bank
The Office of Foreign Assets Control (“OFAC”) today announced that it was adding the Export Development Bank of Iran (“EDBI”) to its list of Specially Designated Nationals and Blocked Persons. The effect of the designation is to freeze all assets…