ABOVE: Kirsan Ilyumzhinov UFO Abductee Things have not been going particularly well for Kirsan Ilyumzhinov, president of the World Chess Federation. First, he was abducted by aliens. Then he was designated by OFAC under Executive Order 13582 for “materially assisting…
Rasheed Al Jijakli, the owner of Orange Check Cashing in Orange, California, has been indicted for illegal exports of tactical flashlights, rifle scopes, cameras, radios, voltmeters and laser boresighters to Syria. According to the indictment, Jijakli allegedly took the items with…
Here are a few recent developments that you may have missed: The House voted yesterday to nullify the impact of a license granted by the Office of Foreign Assets Control (“OFAC”) in September which would allow Boeing to sell civil…
According to this article, the Securities and Exchange Commission is sending out inquiries to certain publicly traded technology companies to ask them whether they are involved in any illegal exports to Syria. Among the subjects of concern by the SEC…
Last week I wrote about one of the unintended consequences of OFAC’s “scorched earth” enforcement policy against banks and payment processors, namely, the blocking of funds transfers where the memo or the transferee name contains a naughty word like “Cuba”…