ABOVE: Paul Davis Yesterday, the Office of Foreign Assets Control (“OFAC”) designated PacNet Services, a Canadian payments processing company, and many of its officers and employees as SDNs under the Transnational Criminal Organization (TCO) program. According to OFAC’s press release,…
Here are a few recent odds and ends that are worth a mention (and to catch up on a few things I missed while on vacation): The Directorate of Defense Trade Controls (“DDTC”) issued guidance as to which activities are “gunsmithing”…
ABOVE: Epic Games HQ Although I confess to being baffled as to why grown-ups play online video games (at least until after they have read the entire Western canon), recently a grown-up (and a college professor at that) pitched a…
Back in August, we detailed the sad story of Production Products, a small family-run business in Maryland that sent OFAC into a tizzy and received a $78,5000 fine because, heaven forfend, the company had never heard of the SDN list…
A federal court recently upheld, in OKKO Business v. Lew, a decision by the Office of Foreign Assets Control (“OFAC”) to refuse to unblock funds sent by a Ukrainian company as an auction deposit for an auction conducted by a…