The new OFAC penalty disclosure for August came out on Saturday with some embarrassing news about Travelocity’s Roaming Gnome. Seems that for for six years, between 1998 and 2004, the Travelocity site booked 1,458 reservations for travel to Cuba. The…
A federal district court judge in Washington, D.C., on Monday rejected challenges by a professor and a student at Johns Hopkins University in Baltimore to changes made in 2004 by the Office of Foreign Assets Control (“OFAC”) to its regulations…
Iowa-based fish processor Stoller Fisheries was recently assessed $931.25 by the Office of Foreign Assets Control (OFAC) for shipping 20 grams of carp pituitary glands (valued at $4,900) to Iran without an OFAC license. Carp pituitary glands are believed to…
The House today adopted legislation that would roll back restrictive rules adopted by the Office of Foreign Assets Control (“OFAC”) in February 2005 regarding shipments of agricultural goods to Cuba under the Trade Sanctions Reform Act of 2005 (“TSRA”). Under…
The Office of Foreign Assets Control (“OFAC”) published today in the Federal Register a Final Rule amending the Burmese Sanctions Regulations. The amendment adds to those regulations a new § 537.527 which overrules the regulations’ prohibition of imports of Burmese-origin…