The Treasury Department’s Office of Foreign Assets Control added the following individual, entity and vessel to the Specially Designated Nationals list on July 23 (here):
The Treasury Department’s Office of Foreign Assets Control added the following entries to the Specially Designated Nationals list on July 21 (here):
The U.S. and other P5 + 1 countries struck a historic deal with Iran early on July 14 to provide guidelines and directives to administer the Iranian nuclear enrichment program, the White House and other negotiators said in statements. The accord will launch a rollout of U.S. “phased sanctions relief upon verification that Iran has implemented key nuclear commitments,” said the Treasury Department’s Office of Foreign Assets Control in its July 14 directive (here).
The Treasury Department’s Office of Foreign Assets Control deleted the following entries from the Specially Designated Nationals list on July 9 (here):
The U.S., Iran and other world powers agreed on July 7 to extend the nuclear enrichment negotiations for an additional three days, and the Treasury Department will keep sanctions relief in place for that period, the Office of Foreign Assets Control said (here). The deadline for a final deal was originally June 30, and negotiators then pushed back the deadline to July 7.
The Treasury Department’s Office of Foreign Assets Control will stop issuing independent data files on July 10 for the Foreign Sanctions Evaders List, the Sectoral Sanctions Identifications List and the Non-SDN Palestinian Legislative Council List, OFAC said in a release (here). That move is part of OFAC’s consolidation effort for non-Specially Designated Nationals Lists, said the agency. OFAC has posted the Consolidated Sanctions List data files online (here).
The Treasury Department’s Office of Foreign Assets Control deleted the following two entries from the Specially Designated Nationals list on July 2 (here):
The Treasury Department’s Office of Foreign Assets Control added individuals and an entity and deleted entries to the Specially Designated Nationals list on June 24 (here).
The Treasury Department’s Office of Foreign Assets Controls settled two civil liability cases on June 18 and 19 over sanctions violations. The National Bank of Pakistan’s New York branch agreed to pay $28,000 to OFAC over more than a half dozen violations between 2013-14 of the Global Terrorism Sanctions Regulations, OFAC said on June 18 (here). NBP processed transfers to Kyrgyz Trans Avia, an airline headquartered in Bishek, Kyrgyzstan, said OFAC. The agency placed the airline on its Specially Designated Nationals List in 2013 (here). The base amount for the violations is $64,000. OFAC also on June 19 settled a civil liability case with John Bean Technologies, based out of Chicago, over 2009 violations of the Weapons of Mass Destruction Proliferators Sanctions Regulations. The company agreed to pay $391,950 over the violations, said OFAC (here). John Bean sold goods to a Chinese company, and the goods were then shipped from Spain to Iran via Islamic Republic of Iran Shipping Lines. John Bean later reimbursed ”AeroTech Spain for charges paid to its freight forwarder for the shipping services rendered by IRISL, and to Banco Santander for fees associated with negotiating” the payments, on top of another violation related to trade documentation filing, said OFAC. The total based amount for the violations is $670,000.
The Treasury Department’s Office of Foreign Assets Control added individuals to the Specially Designated Nationals list on June 10 (here), and deleted entries on June 11 (here).