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OFAC

The Treasury Department's Office of Foreign Assets Control (OFAC) administers and enforces various economic and trade sanctions programs. It sanctions people and entities by adding them to the Specially Designated Nationals List, and it maintains several other restricted party lists, including the Non-SDN Chinese Military-Industrial Complex Companies List, which includes entities subject to certain investment restrictions. 

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OFAC Adds to SDN List
September 25, 2017 |Treasury Dept.

The Office of Foreign Assets Control has added 11 individuals and one entity to its Specially Designated Nationals (SDN) list, under Kingpin Act designations, OFAC said.

OFAC Adds to SDN List
September 19, 2017 |Treasury Dept.

The Office of Foreign Assets Control has added seven individuals and one entity to its Specially Designated Nationals (SDN) list, under cybersecurity designations, two entities under counterterrorism designations, and one entity under nonproliferation designations, OFAC said.

OFAC Updates SDN List
September 18, 2017 |Treasury Dept.

The Office of Foreign Assets Control added three individuals and four entities to its Specially Designated Nationals (SDN) list under Kingpin Act designations, and updated two individuals and two entities under Kingpin Act designations, OFAC said.

OFAC Adds to SDN List
August 30, 2017 |Treasury Dept.

The Office of Foreign Assets Control has added one individual to its Specially Designated Nationals (SDN) list, under counterterrorism designations, OFAC said.

OFAC Enters Into Settlement With Singapore Company for Apparent Illicit Oil Rig Shipments to Iran
August 25, 2017 |Treasury Dept.

The Office of Foreign Assets Control on Aug. 24 announced a $415,350 settlement with COSL Singapore Ltd., for apparent violations of the Iranian Transactions and Sanctions Regulations, after COSL used subsidiaries in a plan to export 55 orders of oil rig supplies to four oil rigs in Iranian territorial waters. According to OFAC, COSL Singapore exported or attempted to export the supplies between approximately Oct. 7, 2011, and Feb. 20, 2013, to Singapore and the United Arab Emirates, then re-exported or attempted to re-export the supplies to the Iranian oil rigs. COSL Singapore didn’t voluntarily self-disclose the apparent violations to OFAC, and the agency determined the apparent violations constitute a non-egregious case, OFAC said.

OFAC Updates SDN List
August 23, 2017 |Treasury Dept.

The Office of Foreign Assets Control added five individuals and seven entities to its Specially Designated Nationals (SDN) list under North Korea designations, and one individual and three entities under nonproliferation designations, OFAC said. OFAC also removed 46 entries from its SDN list under Kingpin Act designations, four entries under transnational criminal organization designations, two entries under counterterrorism designations, and 64 entries under Cuba designations. Finally, OFAC updated one entity under transnational criminal organization designations and one individual under Kingpin Act designations.

OFAC Adds to SDN List
August 10, 2017 |Treasury Dept.

The Office of Foreign Assets Control has added 30 individuals and 43 entities to its Specially Designated Nationals (SDN) list, under Venezuela and Kingpin Act designations, and has made two changes to entries for individuals under nonproliferation designations, OFAC said.

OFAC Adds to SDN List
August 8, 2017 |Treasury Dept.

The Office of Foreign Assets Control has added one individual to its Specially Designated Nationals (SDN) list, under Venezuela designations, OFAC said.

OFAC Adds to SDN List
July 31, 2017 |Treasury Dept.

The Office of Foreign Assets Control has added six entities to its Specially Designated Nationals (SDN) list, under nonproliferation designations, OFAC said July 26 (here).

OFAC Adds to SDN List
July 27, 2017 |Treasury Dept.

The Office of Foreign Assets Control has added 13 individuals to its Specially Designated Nationals (SDN) list, under Venezuela designations, OFAC said July 26 (here).