Export Compliance Daily is a service of Warren Communications News.
Subscriber Login
Sanctions
to
Refine Category Search
Clear Terms

Search Primer

Term list: Separate terms with spaces, not commas or semicolons.

Multi-word term: Place inside quotes to ensure an exact match (e.g. "China import").

Acronyms: Use all capital letters to ensure the search is not looking for that letter sequence instead.

Required term: If a term must be included in any resulting articles, prefix it with a plus sign (e.g., +CBP).

Excluded term: If a term should be excluded from any articles being found, prefix it with a minus sign (e.g., -ruling).

Singular form: Always use the singular form when doing multi-word terms (e.g. "russian export control" instead of "russian export controls").

Shortest word form: When you have different word forms in a quoted (multi-word) term, you want to only include the shortest version if it is the last part of the expression (e.g., "entity list" instead of "entity listing" or "entity listed").

OFAC Amends Two Venezuela-Related General Licenses
March 11, 2019 |Sanctions

The Treasury Department's Office of Foreign Assets Control amended two general licenses related to Venezuelan sanctions, OFAC said in a March 8 notice, extending the expiration date of provisions allowing transactions that involve the “wind down of certain financial contracts” with Venezuela. The first general license includes a provision that permits the divestment or transfer of Venezuelan-related bonds as long as the trades were placed before 4 p.m. on Feb. 1. The second general license allows “facilitating, clearing, and settling transactions” involving divestiture of holdings in Petroleos de Venezuela, the U.S.-sanctioned Venezuelan oil company, for all transactions that were placed before 4 p.m. on Jan. 28. Both authorizations are permitted only if divestments or transfers are made to a non-U.S. person, OFAC said. Transactions are authorized until May 10.

Topics:OFAC Sanctions Activity, US Export Controls, OFAC, SDN List, OFAC General Licenses
OFAC Extends General Licenses Involving Sanctioned GAZ Group
March 8, 2019 |Sanctions

The U.S. Treasury Department's Office of Foreign Assets Control extended the expiration date of two general licenses related to GAZ Group, allowing certain transactions involving the sanctioned company until July 6, 2019, OFAC said in March 6 notice. The previous expiration date, issued in a Jan. 16 notice, was March 7. The sanctions against GAZ Group are Ukraine-related, and the company was designated as an “oligarch-owned” entity after OFAC said in a April 2018 notice that the company was owned or controlled by “Russian Machines” and oligarch Oleg Deripaska, who also is identified as having a large stake in Russian aluminum producer Rusal. The notice said GAZ Group is Russia’s “leading manufacturer of commercial vehicles.”

Topics:OFAC Sanctions Activity, Russia Export Controls and Sanctions, US Export Controls, OFAC, SDN List, OFAC General Licenses
OFAC Updates SDN List
March 6, 2019 |Sanctions

The Office of Foreign Assets Control added one entity and made one change to its Specially Designated Nationals List, under Counter Terrorism designations, OFAC said in a March 5 notice. The office added Harakat Al-Nujaba, a terrorism group, and updated information on Arkam ‘Abbas Al-Kabi, an Iraqi national. The terrorist group is associated with Iraq and Syria, according to the notice.

Topics:OFAC Sanctions Activity, US Export Controls, OFAC, SDN List