Don’t start making room in you humidors for any Cuban Cohibas just yet, but provisions attached by the House of Representatives to the 2009 Omnibus Appropriations Act rolling back some Cuba sanctions are likely to be approved by the Senate.…
Italian wire service Adnkronos International reported today that the New York branch of Italian bank Intesa Sanpaolo is under investigation in the United States in connection with its involvement in U.S.-dollar wire transfers originated by sanctioned banks and individuals in…
The Office of Foreign Assets Control (“OFAC”) released today its monthly report on civil penalties, and it was indeed a short list with one short entry. And since there’s only one entry it, not surprisingly, involved the “terrorist” island just…
On Tuesday, the Office of Foreign Assets Control (“OFAC”) revised the FAQs on its website to address a problem in interpreting guidance it issued last February on transactions with a company in which a Specially Designated National (“SDN”) had an…
While looking for background on the recent action of the Office of Foreign Assets Control (“OFAC”) extending a General License permitting transactions with two sanctioned Belarusian companies, I stumbled across this post at Bielar.us. That site is a DC-based blog…