The Treasury Department announced today the imposition of sanctions on Iran’s fifth-largest state-owned bank, Bank Sepah, because of its financial support of Iranian firms engaged in nuclear and missile proliferation. According to Treasury, Bank Sepah has been involved, among other…
Tucked away in the penalty notices released by OFAC last week was this typically terse and unhelpful entry: IXTLAN Corporation and Four Individuals Settle Cuban Embargo Allegations: IXTLAN Corporation, Santa Monica, California (“IXTLANâ€), and four individuals have agreed to a…
What happens when a rebel group on the OFAC SDN list lays down its arms, renounces terrorism and joins a government friendly to the United States? If you said they would be removed from the list, you would be wrong.…
OFAC released this week its latest civil penalties information which reported two fines, one against a company and one against an individual. The first penalty noted in the report was a $500 fine imposed by OFAC on Osment Models d/b/a…
It would appear that Iran’s nascent efforts to cook up a few nuclear bombs hasn’t been a tremendous boon for its tourism industry. So, Iran has announced a plan to pay a bribe, no, make that bounty, well let’s just…