International Trade Today is a service of Warren Communications News.
Subscriber Login
Treasury Dept.
to
Refine Category Search
Clear Terms

Search Primer

Multi-word term: Place inside quotes to ensure an exact match together (e.g. "forced labor").

Term list: Separate terms with spaces, not commas or semicolons to find either word (e.g. AD/CVD CBP).

Acronyms: Use all capital letters (e.g., ACE).

Required term: If a term must be included in any resulting articles, prefix it with a plus sign (e.g., tariffs +Canada).

Excluded term: If a term should be excluded from any articles being found, prefix it with a minus sign (e.g., FDA -alert).

Simplest form: Use the simplest form of a term (e.g. "metal" instead of "metals" or "entity list" instead of "entity listing" or "entity listed").

OFAC Settles Case with Network Hardware Resale Over Sudan, Iran Sanctions Violations
June 27, 2014 by Brian Dabbs|Treasury Dept.

The Treasury Department’s Office of Foreign Assets Control (OFAC) settled a case with the firm Network Hardware Resale for $64,758 over alleged violations of the Sudanese Sanctions Regulations and the Iranian Transactions and Sanctions Regulations between 2008 and 2011, OFAC announced on June 25. The firm allegedly exported 16 shipments of networking equipment and related accessories from the U.S. to Sudan, as well as two shipments of similar products from the U.S. and destined for Iran. Network Hardware Resale took “prompt corrective action” after detecting the violations, said OFAC.

OFAC Amends Burmese Sanctions Regulations to Implement Executive Orders
June 26, 2014 by Brian Dabbs|Treasury Dept.

The Treasury Department’s Office of Foreign Assets Control amended the Burmese Sanctions Regulations to implement Executive Order 13448 “Blocking Property and Prohibiting Certain Transactions Related to Burma,” Executive Order 13464 “Blocking Property and Prohibiting Certain Transactions Related to Burma,” Executive Order 13619 “Blocking Property of Persons Threatening the Peace, Security, or Stability of Burma,” and Executive Order 13651 “Prohibiting Certain Imports of Burmese Jadeite and Rubies.” The orders were issued from 2007 to 2013. The amendments are effective June 27. OFAC also reissued the regulations in their entirety.

OFAC Replaces SDN Search With More Inclusive Sanctions Search List
June 10, 2014 by Brian Dabbs|Treasury Dept.

The Treasury Department’s Office of Foreign Assets Control replaced the Specially Designated Nationals Search function on its website with the Sanctions Search List, a tool that allows searches for names on the Specially Designated Nationals (SDN) List, the Foreign Sanctions Evaders (FSE) List, or the two lists simultaneously. The search results are printable and can be saved as a spreadsheet. OFAC also released answers to frequently asked questions on algorithms, scoring, and other technical details of the search function (here).

TTB Exempts New Beer Ingredients From Special Labeling and Pre-Import Letter Requirements
June 6, 2014 by Brian Feito|Treasury Dept.

Beers containing a lengthy list of previously restricted ingredients will no longer require a pre-import “formula” letter and a statement of composition on the label, under a new policy adopted by the Alcohol and Tobacco Tax and Trade Bureau in TTB Ruling 2014-4. The agency now says the beer must be labeled “in accordance with trade understanding,” after finding the ingredients are traditionally used in the brewing of beer. TTB is also removing formula requirements for certain production processes, including aging in old wine or liquor barrels and aging with wood chips.