The Treasury’s Office of Foreign Assets Control sanctioned five United Arab Emirates companies for buying Iranian oil, Treasury said in a March 19 press release. The companies bought “hundreds of thousands” of metric tons of petroleum products from the National Iranian Oil Company, which was sanctioned by OFAC in 2008. The companies include Petro Grand FZE, Alphabet International DMCC, Swissol Trade DMCC, Alam Althrwa General Trading LLC and Alwaneo LLC Co.
The Treasury’s Office of Foreign Assets Control added one entry to its Specially Designated Nationals List, removed 13 others and amended two additional entries, according to a March 17 notice. OFAC also deleted four entries from its Foreign Sanctions Evaders List. The agency added Ali Abdullah Ayoub, Syria’s defense minister, to its SDN List, while deleting several entries for entities based in the Democratic Republic of the Congo, Cyprus, Switzerland and Syria. Treasury did not immediately release more information on the sanctions.
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The Treasury’s Office of Foreign Assets Control issued a Venezuela-related designation, amended three Venezuela-related general licenses and amended two frequently asked questions, according to a March 12 notice. The designation targets Switzerland-based TNK Trading International S.A. for operating in Venezuela’s oil sector. The company is a subsidiary of Russian state-controlled Rosneft Oil Company, according to a press release.
The Treasury’s Office of Foreign Assets Control sanctioned four Mexican businesses because of their links to Cartel de Jalisco Nueva Generacion (CJNG) and the Los Cuinis Drug Trafficking Organization, Treasury said in a March 11 news release. The designated companies include the asset holding company International Investments Holding S.A. de C.V. and a gas station company GBJ de Colima, S.A. de C.V. The two companies have been involved in helping Los Cuinis and CJNG to evade U.S. sanctions.
Swedbank may have committed 586 violations of U.S. sanctions and self-disclosed the violations to the Treasury Department’s Office of Foreign Assets Control, the bank said March 11. The bank said the violations involved about $4.8 million worth of transactions between 2014 and 2019 and include payments with its subsidiaries in Estonia, Latvia and Lithuania. More than 500 of the violations constituted “salary payments” and other payments associated with the operation of a vessel and operator located in Crimea that used Swedbank in the Baltics.
The Treasury’s Office of Foreign Assets Control sanctioned two Zimbabwean government officials for human rights violations, Treasury said in a March 11 news release. Anselem Sanyatwe, former commander of the Zimbabwean National Army’s Presidential Guard Brigade, and Owen Ncube, the country’s minister of national security, committed violations against people protesting the country’s “flawed elections” and supporters of a Zimbabwean opposition group. OFAC also removed sanctions against Ray Kaukonde, Shuvai Ben Mahofa, Sithokozile Mathuthu and Naison Ndlovu, who were previously designated under Zimbabwe sanctions.
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The Treasury's Office of Foreign Assets Control is removing the Terrorism Sanctions Regulations from the Code of Federal Regulations, OFAC said in a notice. The change was made due to the “termination of the national emergency on which the regulations were based.” The change will not affect any action taken or any action pending and not “finally concluded” as of 12:01 a.m. on Sept. 10, 2019, the notice said. The change is effective March 10.
The Treasury’s Office of Foreign Assets Control issued a frequently asked question March 6 clarifying how humanitarian goods can be sent to Iran to assist with the coronavirus outbreak. OFAC said there are a “number of ways” humanitarian goods, including donations, can be sent to the country, adding that medical-related donations are “generally exempt” from U.S. sanctions if those donations are not being sent to the Iranian government or others blocked by the Iranian Transactions Sanctions Regulations. OFAC also said donations are not authorized for shipments to entries on the agency’s Specially Designated Nationals List. Nongovernmental organizations are authorized under General License E to export services to Iran “in support of certain not-for-profit activities designed to directly benefit the Iranian people,” OFAC said. Others interested in exporting humanitarian goods to Iran should review the ITSR and other OFAC guidance, the agency said.