The Office of Foreign Assets Control updated its license application portal with new functionality for people and organizations applying for sanctions licenses, the agency announced this week. The portal now allows users to create an account, which will let them save and return to an application in progress, view a list of their applications and case statuses in a single dashboard, save frequently used contacts for “easier data entry,” replicate a previous application, and more. Users who register for an account will need to enter a sign-in email and create a password, OFAC said.
Molly Miller, a former chief of the Office of Foreign Assets Control's enforcement division, has joined Bank of America as its managing director for global economic sanctions, Miller announced on LinkedIn. She most recently worked for Capital One after leaving OFAC in 2015.
Authorities in the Dominican Republic seized an aircraft used by sanctioned Venezuelan state-owned oil and natural gas company Petroleos de Venezuela (PdVSA) at the request of the U.S. government due to alleged sanctions and export control violations, DOJ announced.
The Office of Foreign Assets Control officially retired its RSS feed Jan. 31, the agency said in a notice this week (see 2411220009). The agency continues to provide updates about recent sanctions by email, and users can sign up for those updates. Technical support questions should be sent to O_F_A_C@treasury.gov.
The Office of Foreign Assets Control this week sanctioned a network of people, companies and ships that it said are moving millions of barrels of Iranian crude oil to China on behalf of the Iranian military and a sanctioned front company, Sepehr Energy Jahan Nama Pars (see 2311290034).
Export Compliance Daily is providing readers with the top stories from last week in case you missed them. You can find any article by searching for the title or by clicking on the hyperlinked reference number.
Patrick Dierfield, a former senior sanctions compliance manager with cryptocurrency exchange Okcoin, is joining the Office of Foreign Assets Control as a sanctions regulations adviser, he announced on LinkedIn. Dierfield joined OFAC this month.
The auction process for ships to pass through the Panama Canal when the water is low, and the fact that a Hong Kong company owns ports by the entrance and exit of the Panama Canal were the focuses of a Senate hearing on the canal -- but the way Iranian ships used Panama to evade sanctions also came up.
The Office of Foreign Assets Control on Jan. 24 officially removed sanctions from all people and entities designated under a sanctions authority that had targeted violent Israeli settlers and organizations in the West Bank (see 2501210023). OFAC “removed the West Bank-Related Sanctions program from its website and removed all persons designated under” the West Bank-related executive order 14115, signed by President Joe Biden last year (see 2402010053), from its Specially Designated Nationals and Blocked Persons List. “All property and interests in property blocked under E.O. 14115 are unblocked,” OFAC said.
Export Compliance Daily is providing readers with the top stories from last week in case you missed them. You can find any article by searching for the title or by clicking on the hyperlinked reference number.