The Treasury Department’s Office of Foreign Assets Control (OFAC) settled a potential civil liability case with Houston-based GAC Bunker Fuels. Philadelphia-based partner GAC Shipping agreed to pay the $157,000 penalty on behalf of GAC Bunker Fuels. GAC supplied bunker fuel in Paranagua, Brazil for an Iranian vessel carrying an agricultural commodity, in alleged violation of the Iranian Transactions and Sanctions Regulations. GAC did not voluntarily disclose the fuel supply, but OFAC does not consider the violation egregious.

OFAC deleted the following entity from the Specially Designated Nationals (SDN) list on April 1:

The Treasury Department’s Alcohol and Tobacco Tax and Trade Bureau is amending its regulations on document filing and recordkeeping to allow more electronic submissions, in an interim final rule that takes effect April 28. Treasury Decision TTB-119 allows for electronic copies of documents and forms when the originals aren’t available in an electronic format, and provides for the electronic submission of documents required by TTB to other federal agencies, including CBP.

The Treasury Department’s Office of Foreign Assets Control (OFAC) added the following individual to the Specially Designated Nationals (SDN) list on March 26:

The Treasury Department’s Office of Foreign Assets Control (OFAC) expanded sanctions on Russian officials on March 20, adding the following individuals and entity to the Specially Designated Nationals:

The U.S. Treasury Department’s Office of Foreign Assets Control is hosting a sanctions symposium at the Walter E. Washington Convention Center in Washington D.C. on April 8. The symposium will cover sanctions compliance at the Commerce Department’s Bureau of Industry and Security and Iran sanctions updates, among other topics.

The Treasury Department’s Office of Foreign Assets Control (OFAC) issued 203 authorizations to export agricultural commodities, medicine and medical devices to Iran and Sudan out of a total 298 applications received in the last quarter of Fiscal Year 2013, OFAC said. The authorizations are required under the Trade Sanctions Reform and Export Enhancement Act of 2000. During the quarter, OFAC issued 324 total licenses to authorize such exports.

The Treasury Department’s Office of Foreign Assets Control (OFAC) added the following individual to the Specially Designated Nationals (SDN) list on March 13:

The Treasury Department’s Office of Foreign Assets Control (OFAC) on Feb. 27 made changes to the Specially Designated Nationals (SDN) list.

The Treasury Department’s Office of Foreign Assets Control will around March 5 discontinue issuing the following .exe self-extracting archive files containing the SDN list: