The Treasury Department’s Office of Foreign Assets Control (OFAC) added two individuals and an entity to the Specially Designated Nationals (SDN) list on Aug. 18 (here) and 19 (here).
The Treasury Department’s Office of Foreign Assets Control (OFAC) added the following Pakistan-based militant group to the Specially Designated Nationals (SDN) list under counter-terrorism designation on Aug. 7:
The Treasury Department’s Office of Foreign Assets Control will no longer publish its sanctions list files on the Government Printing Office file transfer protocol server, the agency said on Aug. 6. The files will continue to publish on the OFAC file transfer protocol server and the OFAC website.
The Treasury Department’s Office of Foreign Assets Control (OFAC) added three Kuwaiti individuals to the Specially Designated Nationals (SDN) list under counter-terrorism designations on Aug. 6.
The Treasury Department’s Office of Foreign Assets Control (OFAC) added individuals, entities and vessels to the Specially Designated Nationals (SDN) list, including additions of sectoral identifications, on July 29 (here) and 30 (here).
The State Department said it is waiving implementation of certain Iranian sanctions through Nov. 24. The waiver extension is part of a relief deal struck between Iran and P5+1 countries, which include the U.S., Russia, China, United Kingdom, France and Germany. The Treasury Department’s Office of Foreign Assets Control also extended the sanctions relief in recent days (see 14072525). The relief liberalizes restrictions on Iranian exports of petrochemical products, Iran’s purchase and sale of gold and precious metals, the provision of goods and services to Iran’s automotive sector, and the licensing of safety-of-flight inspections and repairs for Iranian civil aviation, and establishes channels to permit importation of humanitarian goods (see 14012715).
The Commerce Department’s Bureau of Industry and Security expanded its export restrictions on Russia as part of a series of increased sanctions on Russia related to the country's continued role in Ukranian political unrest. "BIS will institute a policy denying export, reexport or foreign transfer of certain items for use in Russia’s energy sector that may be used for exploration or production from deepwater, Arctic offshore, or shale projects that have the potential to produce oil," the agency said. BIS said it will also add OJSC United Shipbuilding to its Entity List. "While these sanctions do not target or interfere with the current supply of energy from Russia or prevent Russian companies from selling oil and gas to any country, they make it difficult for Russia to develop long-term, technically challenging future projects."
The Treasury Department’s Office of Foreign Assets Control (OFAC) settled a civil liability case with California-based Epsilon Electronics for $4,073,000 over violations of the Iranian Transactions and Sanctions Regulations, OFAC said on July 25. From 2008 to 2012, Epsilon allegedly shipped car audio and video equipment to a firm overseas that reexports “most, if not all” its products to Iran. Epsilon issued invoices for several of the shipments after OFAC sent a warning letter to the company, OFAC said in the release. Epsilon also operates as Power Acoustik Electronics, Sound Stream, Kole Audio, and Precision Audio, OFAC said. The company had no compliance program at the time of the infractions and attempted to hide its indirect dealings with Iranian customers, OFAC alleged.
The Office of Foreign Assets Control (OFAC) released additional file formats for the Sectoral Sanctions Identifications (SSI) list. OFAC published the SSI list in recent days in PDF and TXT formats. The SSI list will now be available in the same formats as the Specially Designated Nationals and Foreign Sanctions Evaders lists. The additional formats are intended to improve the public’s ability to comply with the SSI list. OFAC did not publish additional names to the list.
The Treasury Department’s Office of Foreign Assets Control (OFAC) added individuals and entities to the Specially Designated Nationals (SDN) list and made changes to another entry on July 23: