The Treasury Department’s Office of Foreign Assets Control (OFAC) settled a potential civil liability case with CWT B.V. for alleged violations of the Cuban Assets Control Regulations. OFAC penalized the company $5,990,490 for travel services infractions that took place from 2006 to 2012. The infractions also violated the Trading With the Enemy Act, according to OFAC.

The Treasury Department’s Office of Foreign Assets Control (OFAC) added the following individuals, entities and made other changes to the Specially Designated Nationals (SDN) list on April 17:

The Treasury Department again declined to declare China a currency manipulator, despite finding continued undervaluation of the renmenbi (RMB), in its latest semiannual report on international exchange rates and their effect on trade. The RMB appreciated during 2013 on a trade-weighted basis, but not as fast or by as much as is needed, said Treasury, and “large-scale intervention resumed.” During 2014, however, the RMB exchange rate has reversed direction, depreciating by 2.68 percent in the year to date, it said.

The Treasury Department’s Office of Foreign Assets Control (OFAC) added the following individuals, entities and made other changes to the Specially Designated Nationals (SDN) list on April 11:

The Treasury Department’s Office of Foreign Assets Control (OFAC) added the following individuals, entities and made other changes to the Specially Designated Nationals (SDN) list on April 10:

The Treasury Department’s Office of Foreign Assets Control (OFAC) added the following individual and entity to the Specially Designated Nationals (SDN) list on April 9:

The Secretary of State, in consultation with the Attorney General and the Treasury Secretary, determined Ansar Bayt al-Maqdis to be a Foreign Terrorist Organization (here) and a Specially Designated Global Terrorist (here). The designations include prohibitions against knowingly providing, attempting or conspiring to provide material support or resources or engaging in transactions with this entity. The designations also freeze all property and interests of the entity in the U.S. or in the control of U.S. citizens.

The Treasury Department’s Office of Foreign Assets Control (OFAC) is amending the Syrian Sanctions Regulations and reissuing them in their entirety through a final rule, effective April 10. OFAC is also incorporating new general licenses into the regulations and making other technical changes.

The Treasury Department’s Office of Foreign Assets Control (OFAC) issued a final rule that amends the Iranian Transactions and Sanctions Regulations to expand licenses that authorize the exportation or reexportation of a broader category of agricultural commodities to individuals and entities in Iran. The rule also adds a new general license that authorizes the exportation or reexportation of certain replacement parts for certain medical devices. The rule was effective April 7. OFAC also posted a list of frequently asked questions (here).

The Treasury Department’s Office of Foreign Assets Control (OFAC) settled a potential civil liability case with Sea Tel Inc. over alleged violations of the Iranian Transactions and Sanctions Regulations, OFAC said on April 2. Sea Tel agreed to pay $85,113 for allegedly invoicing orders of marine antenna systems to a South Korean distributor that intended to reexport the products to Iran. Sea Tel voluntarily disclosed the action to OFAC, and the apparent violations constitute a non-egregious case, said OFAC.