The Office of Foreign Assets Control within the Treasury Department added new entities to its Specially Designated Nationals list May 9. The following were all added under Iranian Financial Sanctions Regulations and Weapons of Mass Destruction Proliferators Sanctions Regulations, unless otherwise noted.

An international marine mutual insurance group agreed to pay nearly $350,000 to settle potential liability for alleged violations of U.S. sanctions against Cuba, Sudan and Iran, Treasury Department’s Office of Foreign Assets Control said May 9. The American Steamship Owners Mutual Protection and Indemnity Association agreed to remit $348,000, OFAC said. The New York-based nonprofit insurance association, also called the American Club, is made of merchant ship owners and charters.

The Treasury Department’s Office of Foreign Assets Control added the following individuals to its Specially Designated Nationals List May 7. All were added under Foreign Narcotics Kingpin Sanctions Regulations:

The Office of Foreign Assets Control in the Treasury Department deleted the following entities from the Specially Designated Nationals list. All were originally added under Zimbabwe Sanctions Regulations:

The Treasury Department’s Office of Foreign Assets Control deleted the following entities from its Specially Designated Nationals list. These individuals and entities were originally added under Foreign Narcotics Kingpin Sanctions Regulations:

Toyota Motor Credit Corp. agreed to remit $23,400 to settle potential civil liability for violations of the Foreign Narcotics Kingpin Sanctions Regulations, the Office of Foreign Assets Control announced April 25. OFAC determined that the Corporation did not voluntarily self-disclose the apparent violations. Between April 2008 and June 2010, TMCC maintained a loan account and processed information for 26 loan payments totaling $14,449 on behalf of Claudia Aguirre Sanchez, OFAC said. Sanchez is named a Specially Designated Narcotics Trafficker and was added to the Specially Designated Nationals list in 2007.

The Treasury Department's Office of Foreign Assets Control authorized all transactions involving two Zimbabwe banks April 24. All transactions with the Agricultural Development Bank of Zimbabwe and the Infrastructure Development of Zimbabwe -- provided they do not involve persons whose property and interests in property are blocked -- are now authorized.

The Treasury Department’s Office of Foreign Assets Control deleted the following names from the Specially Designated Nationals List. All were originally added under Syrian Sanctions Regulations.

The Treasury Department’s Office of Foreign Assets Control is now accepting requests for licenses, license amendments and interpretive guidance electronically, the agency announced April 18. Applicants still have the option of submitting applications by mail. Visit the OFAC license page (here) for the following:

The Treasury Department removed three entities from the Iran Sanctions Act April 15. They are: