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Restrictive measures and additions to OFAC and BIS blocking orders, designations, sanctions and entity lists

By 2 Mins Read

During the past week, the following notices adding, removing or continuing persons (including entities) to/from restrictive measures lists were published in the Federal Register by the Office of Foreign Assets Control (OFAC) or by the Bureau of Industry and Security (BIS): F.R. Date Applicable orders 09-15-14 OFAC: Update of Entities and Vessels Identified Pursuant to the Iranian Transactions and Sanctions Regulations and Executive Order 13599 (N) [Eight entities and eight vessels] OFAC: Sanctions Actions…

US – State determination relating to Iran sanctions

By 1 Min Read

On September 11, 2014, the Department of State published in the Federal Register a notice [Public Notice 8865] informing the public that the Secretary of State determined on August 29, 2014, pursuant to section 1245(d)(4)(D) of the National Defense Authorization Act for Fiscal Year 2012 (NDAA), that each of the following EU countries: Belgium, Czech Republic, France, Germany, Greece, Italy, Netherlands, Poland, Spain, and the United Kingdom (hereinafter “EU10”) have maintained their crude oil purchases…

Restrictive measures and additions to OFAC blocking orders, designations, and sanctions

By 2 Mins Read

During the period from September 2-5, 2014, the following notices adding, removing or continuing persons (including entities) to/from restrictive measures lists were published in the Federal Register by the Office of Foreign Assets Control (OFAC): F.R. Date Applicable orders 09-02-14 Designation of 2 Individuals Pursuant to Executive Order 13224 of September 23, 2001, ‘‘Blocking Property and Prohibiting Transactions With Persons Who Commit, Threaten To Commit, or Support Terrorism’’ Designation of 2 Individuals and 1…

US – OFAC updates vessels identified pursuant to ITSR/EO 13599

By 1 Min Read

On September 5, 2014, the Treasury Department’s Office of Foreign Assets Control (OFAC) published in the Federal Register a notice that updates names and flagging information of thirty three (33) vessels previously identified as property of the Government of Iran under the Iranian Transactions and Sanctions Regulations (ITSR), 31 C.F.R. Part 560, and Executive Order (EO) 13599. OFAC has revised the entries on OFAC’s list of Specially Designated Nationals and Blocked Persons to reflect the…

US – State provides certain temporary sanctions relief

By 3 Mins Read

On August 28, 2014, the Department of State published in the Federal Register a notice [Public Notice 8855] renewing temporary waivers of certain sanctions to allow for a discrete range of transactions related to the provision of satellite connectivity services to the Islamic Republic of Iran Broadcasting (IRIB). The U.S. Government (USG) is renewing these waivers based on Iran’s commitment to ensure that harmful uplink satellite interference does not emanate from its territory, and verification…

US – OFAC publishes Iran General License G

By 1 Min Read

On August 19, 2014, the Office of Foreign Assets Control (OFAC) published in the Federal Register a document publishing Iran General License G. On March 19, 2014, OFAC issued General License G authorizing certain academic exchanges between U.S. academic institutions and Iranian universities and the exportation or importation of certain educational services. On March 20, 2014, OFAC made General License G available on the OFAC website.

US – OFAC and State issue guidance relating to certain temporary Iran sanctions relief – extended

By 3 Mins Read

On August 4, 2014, the Office of Foreign assets Control (OFAC), Treasury, published in the Federal Register a notice publishing Guidance Relating to the Provision of Certain Temporary Sanctions Relief in Order to Implement the Joint Plan Of Action (JPOA) Reached on November 24, 2013, between the P5 + 1 and the Islamic Republic of Iran, as Extended Through November 24, 2014 (Guidance). In return for Iran’s commitment to place meaningful limits on its nuclear…

US – BIS adds persons to Entity List

By 1 Min Read

On August 1, 2014, the Bureau of Industry and Security, Commerce (BIS) published in the Federal Register a final rule [Docket No. 140627545–4617–01] that amends the Export Administration Regulations (EAR) by adding sixteen persons under nineteen entries to the Entity List. The persons who are added to the Entity List have been determined by the US Government to be acting contrary to the national security or foreign policy interests of the United States. These persons…

US – President determines there is sufficient petroleum supply from countries other than Iran

By 1 Min Read

On June 12, 2014, the Federal Register published Presidential Determination No. 2014–11 of June 4, 2014 – Presidential Determination Pursuant to Section 1245(d)(4)(B) and (C) of the National Defense Authorization Act for Fiscal Year 2012. after carefully considering the report submitted to the Congress by the Energy Information Administration on April 24, 2014, and other relevant factors, including global economic conditions, increased oil production by certain countries, and the level of spare capacity, the President…

US – Determination by Secretary of State relating to arms control

By 1 Min Read

On June 4, 2014, the Department of State published in the Federal Register a notice [Public Notice 8754] to inform the public that on May 12, 2014, the Secretary of State, pursuant to section 40A of the Arms Export Control Act (22 U.S.C. 2781), and Executive Order 13637, as amended, determined and certified to the Congress that the following countries are not cooperating fully with United States antiterrorism efforts: Cuba, Eritrea, Iran, Democratic People’s Republic…