The National Bank of Abu Dhabi agreed to remit $855,000 to settle potential civil liability for 45 transactions that appear to have violated the Sudanese Sanctions Regulations, 31 C.F.R. part 538, said Treasury's Office of Foreign Asset Controls. The apparent violations occurred from about Nov. 11, 2004, to about Dec. 27, 2005, OFAC said. NBAD provided information to OFAC that certain of its clerical staff removed or omitted Sudan-related references in payment instructions processed on behalf of its Sudan branch for payments routed through financial institutions located in the U.S. in apparent violation of the prohibition against the "exportation or re-exportation, directly or indirectly, to Sudan," OFAC said. The combined value of the 45 electronic funds transfers was $4,389,235.42, it said. OFAC decided the apparent violations constituted a non-egregious case because NBAD took prompt and appropriate remedial action, provided substantial cooperation, and has not received a penalty notice or finding of violation in the five years preceding the transactions.

The following individual has been added to OFAC's SDN list:

The Treasury Department Office of Foreign Assets Control has a $619 million settlement with ING Bank to settle potential liability for apparent violations of U.S. sanctions, it said. That makes it the largest OFAC settlement of any kind to date, and resolves OFAC's investigation into ING Bank's intentional manipulation and deletion of information about U.S.-sanctioned parties in more than 20,000 financial and trade transactions routed through third-party banks located in the U.S. between 2002 and 2007, OFAC said.

The Treasury Department's Office of Foreign Assets Control released the name of 1 newly-designated entity whose property and interests in property are blocked pursuant to Executive Order 13382 of June 28, 2005. The action was effective on May 30, 2012.

The following entities have been added to OFAC's SDN list:

The following entities have been added to OFAC's SDN list:

The following entities have been added to OFAC's SDN list:

The Treasury Department said it froze the assets of the Syria International Islamic Bank, pursuant to Executive Order (E.O.) 13382, for acting for or on behalf of the Commercial Bank of Syria and providing services to the Syrian Lebanese Commercial Bank, both of which are subject to U.S. and international sanctions. SIIB actions have Syria’s largest commercial bank to circumvent sanctions against it by the U.S., the EU and the Arab League, Treasury said.

The following entity has been added to OFAC's SDN list:

The Treasury Department Financial Crimes Enforcement Network is proposing to put restrictions on a bank in Belarus that it accuses of being involved in money laundering. The proposed restrictions for the bank, JSC CredexBank, involve provision 1 on recordkeeping and reporting of certain financial transactions; and provision 5, a prohibition or conditions on the opening or maintaining of correspondent or payable through accounts.