The Treasury Department’s Office of Foreign Assets Control (OFAC) issued a final rule that amends the Iranian Transactions and Sanctions Regulations to expand licenses that authorize the exportation or reexportation of a broader category of agricultural commodities to individuals and entities in Iran. The rule also adds a new general license that authorizes the exportation or reexportation of certain replacement parts for certain medical devices. The rule was effective April 7. OFAC also posted a list of frequently asked questions (here).

The Treasury Department’s Office of Foreign Assets Control (OFAC) settled a potential civil liability case with Sea Tel Inc. over alleged violations of the Iranian Transactions and Sanctions Regulations, OFAC said on April 2. Sea Tel agreed to pay $85,113 for allegedly invoicing orders of marine antenna systems to a South Korean distributor that intended to reexport the products to Iran. Sea Tel voluntarily disclosed the action to OFAC, and the apparent violations constitute a non-egregious case, said OFAC.

The Treasury Department’s Office of Foreign Assets Control (OFAC) settled a potential civil liability case with Houston-based GAC Bunker Fuels. Philadelphia-based partner GAC Shipping agreed to pay the $157,000 penalty on behalf of GAC Bunker Fuels. GAC supplied bunker fuel in Paranagua, Brazil for an Iranian vessel carrying an agricultural commodity, in alleged violation of the Iranian Transactions and Sanctions Regulations. GAC did not voluntarily disclose the fuel supply, but OFAC does not consider the violation egregious.

OFAC deleted the following entity from the Specially Designated Nationals (SDN) list on April 1:

The Treasury Department’s Office of Foreign Assets Control (OFAC) added the following individual to the Specially Designated Nationals (SDN) list on March 26:

The Treasury Department’s Alcohol and Tobacco Tax and Trade Bureau is amending its regulations on document filing and recordkeeping to allow more electronic submissions, in an interim final rule that takes effect April 28. Treasury Decision TTB-119 allows for electronic copies of documents and forms when the originals aren’t available in an electronic format, and provides for the electronic submission of documents required by TTB to other federal agencies, including CBP.

The Treasury Department’s Office of Foreign Assets Control (OFAC) expanded sanctions on Russian officials on March 20, adding the following individuals and entity to the Specially Designated Nationals:

The U.S. Treasury Department’s Office of Foreign Assets Control is hosting a sanctions symposium at the Walter E. Washington Convention Center in Washington D.C. on April 8. The symposium will cover sanctions compliance at the Commerce Department’s Bureau of Industry and Security and Iran sanctions updates, among other topics.

The Treasury Department’s Office of Foreign Assets Control (OFAC) issued 203 authorizations to export agricultural commodities, medicine and medical devices to Iran and Sudan out of a total 298 applications received in the last quarter of Fiscal Year 2013, OFAC said. The authorizations are required under the Trade Sanctions Reform and Export Enhancement Act of 2000. During the quarter, OFAC issued 324 total licenses to authorize such exports.

The Treasury Department’s Office of Foreign Assets Control (OFAC) added the following individual to the Specially Designated Nationals (SDN) list on March 13: