The Office of Foreign Assets Control removed two individuals from its Specially Designated Nationals (SDN) list under transnational criminal organization designations, OFAC said (here and here).
The Alcohol and Tobacco Tax and Trade Bureau (TTB) is reopening the period for comments on its proposal to amend its labeling and record-keeping regulations to tighten requirements for certain grape wines exempt from labeling approval, it said in a notice. Under the agency’s June 22 proposed rule (see 1606220010), grape wines with an alcohol content higher than 7 percent but exempt from labeling approval would still have to comply with TTB standards for labeling of varietal (grape type) designations, type designations of varietal significance, vintage dates and appellations of origin. The agency already reopened the comment period once before (see 1609070025). Comments are now due Jan. 9, 2018.
The Office of Foreign Assets Control has added 26 individuals and 10 entities to its Specially Designated Nationals (SDN) list, under North Korea designations, OFAC said.
The Office of Foreign Assets Control has added 11 individuals and one entity to its Specially Designated Nationals (SDN) list, under Kingpin Act designations, OFAC said.
The Office of Foreign Assets Control has added seven individuals and one entity to its Specially Designated Nationals (SDN) list, under cybersecurity designations, two entities under counterterrorism designations, and one entity under nonproliferation designations, OFAC said.
The Office of Foreign Assets Control added three individuals and four entities to its Specially Designated Nationals (SDN) list under Kingpin Act designations, and updated two individuals and two entities under Kingpin Act designations, OFAC said.
The Office of Foreign Assets Control has added one individual to its Specially Designated Nationals (SDN) list, under counterterrorism designations, OFAC said.
The Office of Foreign Assets Control on Aug. 24 announced a $415,350 settlement with COSL Singapore Ltd., for apparent violations of the Iranian Transactions and Sanctions Regulations, after COSL used subsidiaries in a plan to export 55 orders of oil rig supplies to four oil rigs in Iranian territorial waters. According to OFAC, COSL Singapore exported or attempted to export the supplies between approximately Oct. 7, 2011, and Feb. 20, 2013, to Singapore and the United Arab Emirates, then re-exported or attempted to re-export the supplies to the Iranian oil rigs. COSL Singapore didn’t voluntarily self-disclose the apparent violations to OFAC, and the agency determined the apparent violations constitute a non-egregious case, OFAC said.
Treasury issued a general license on Aug. 25 to authorize “new debt transactions” related to exports of agricultural and medical products to Venezuela, after President Donald Trump on Aug. 24 signed an executive order imposing a new batch of financial sanctions on the nation. “General License 4” authorizes financing and all transactions related to “new debt” related to the export or re-export from the U.S. or by a U.S. person of agricultural goods, medicine, medical devices, or replacement parts and components of medical devices to Venezuela, or to third-country persons buying specifically for resale to the country. Notwithstanding the general license, the transactions must comply with other agencies’ export application requirements and the Export Administration Act of 1979. Treasury also will allow exports and imports of petroleum to continue despite the sanctions, the White House said in a statement.
The Office of Foreign Assets Control added five individuals and seven entities to its Specially Designated Nationals (SDN) list under North Korea designations, and one individual and three entities under nonproliferation designations, OFAC said. OFAC also removed 46 entries from its SDN list under Kingpin Act designations, four entries under transnational criminal organization designations, two entries under counterterrorism designations, and 64 entries under Cuba designations. Finally, OFAC updated one entity under transnational criminal organization designations and one individual under Kingpin Act designations.