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OFAC to Host Sanctions Symposium on Iran Updates, BIS Compliance
March 19, 2014 by Brian Dabbs|Treasury Dept.

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.

OFAC Grants More Than 200 Applications for Iran, Sudan Exports in Q4 2013
March 14, 2014 by Brian Dabbs|Treasury Dept.

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.

OFAC Adds Individual to SDN List
March 13, 2014 by Brian Dabbs|Treasury Dept.

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

TTB Aligns 'Gluten-Free' Labeling Requirements with FDA Final Rule
February 13, 2014 by Tim Warren|Treasury Dept.

The Alcohol and Tobacco Tax and Trade Bureau (TTB) updated its policy for "gluten-free" labeling following a review of the Food and Drug Administration's final rule on the subject issued in August (see 13080213), said TTB. "TTB believes that it is important to adopt an approach on this issue that is as consistent as possible with the regulations that FDA issued," it said. "Under our updated policy, alcohol beverages that are made from ingredients that do not contain gluten (such as wines fermented from grapes or other fruit and distilled spirits distilled from materials other than gluten-containing grains) may continue to make 'gluten-free' claims in the same way allowed in the new FDA regulations for inherently gluten-free products."