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Focus on Regulation

Tag Archives: OFAC

Trump Administration Re-Certifies Iranian Compliance with Nuclear Agreement; Imposes Sanctions on Additional Entities for Other “Malign” Activities

On July 17, the Department of State communicated to Congress that Iran remains in compliance with its obligations under the Joint Comprehensive Plan of Action (JCPOA), the nuclear agreement reached over Iran’s nuclear program by the world’s major powers that went into effect in January 2016.

Update on Developments Regarding the U.S. and EU Ukraine Related Sanctions

On Friday, 11 April 2014, the U.S. Treasury Department’s Office of Foreign Assets Control (OFAC) designated an additional seven individuals in Ukraine as being subject to U.S. sanctions. The following persons were designated: Aleksei Mikhailovich Chaliy, Mikhail Grigorevich Malyshev, Valery Kirillovich Medvedev, Rustam Ilmirovich Temirgaliev, Sergey Pavlovich Tsekov, Yuriy Gennadievych Zherebtsov, and Pyotr Anatoliyovych Zima.

Narrowing of an exemption under Iran sanctions

On 6 February 2013, U.S. Treasury Department’s Office of Foreign Assets Control (OFAC) issued guidance regarding the impact of section 504 of the Iran Threat Reduction and Syria Human Rights Act (ITRA).  As previously reported in our Iran-related client alerts and blog entries, ITRA was enacted on 10 August 2012 and imposed a number of

Further easing of US sanctions against Burma

On November 16, 2012, the US government further eased trade restrictions under Burma sanctions. In response to democratic reforms made by Burma’s government, the U.S. Treasury Department’s Office of Foreign Assets Control (OFAC) has broadly authorized the importation of Burmese-origin goods into the United States, under General License 18, with some limited exceptions.  Specifically, the