The Treasury Department’s Office of Foreign Assets Control added the following individuals to its Specially Designated Nationals List May 7. All were added under Foreign Narcotics Kingpin Sanctions Regulations:

The Office of Foreign Assets Control in the Treasury Department deleted the following entities from the Specially Designated Nationals list. All were originally added under Zimbabwe Sanctions Regulations:

The Treasury Department’s Office of Foreign Assets Control deleted the following entities from its Specially Designated Nationals list. These individuals and entities were originally added under Foreign Narcotics Kingpin Sanctions Regulations:

Toyota Motor Credit Corp. agreed to remit $23,400 to settle potential civil liability for violations of the Foreign Narcotics Kingpin Sanctions Regulations, the Office of Foreign Assets Control announced April 25. OFAC determined that the Corporation did not voluntarily self-disclose the apparent violations. Between April 2008 and June 2010, TMCC maintained a loan account and processed information for 26 loan payments totaling $14,449 on behalf of Claudia Aguirre Sanchez, OFAC said. Sanchez is named a Specially Designated Narcotics Trafficker and was added to the Specially Designated Nationals list in 2007.

The Treasury Department's Office of Foreign Assets Control authorized all transactions involving two Zimbabwe banks April 24. All transactions with the Agricultural Development Bank of Zimbabwe and the Infrastructure Development of Zimbabwe -- provided they do not involve persons whose property and interests in property are blocked -- are now authorized.

The Treasury Department’s Office of Foreign Assets Control is now accepting requests for licenses, license amendments and interpretive guidance electronically, the agency announced April 18. Applicants still have the option of submitting applications by mail. Visit the OFAC license page (here) for the following:

The Treasury Department’s Office of Foreign Assets Control deleted the following names from the Specially Designated Nationals List. All were originally added under Syrian Sanctions Regulations.

The Treasury Department’s Office of Foreign Assets Control authorized certain academic and professional exchange activities between the U.S. and Sudan, the agency announced April 15. The new general license allows U.S. academic institutions to “establish and operate” exchange programs with Sudanese academic institutions. It authorizes U.S. persons to administer professional certificate exams, university entrance exams and professional training seminars in Sudan. The license also allows certain U.S. persons to conduct research in Sudan for noncommercial studies. These activities were previously prohibited under Sudanese Sanctions Regulations.

The Treasury Department removed three entities from the Iran Sanctions Act April 15. They are:

The Treasury Department’s Office of Foreign Assets Control added the following entities to its Specially Designated Nationals list. All were added under Weapons of Mass Destruction Proliferators Sanctions Regulations and Iranian Financial Sanctions Regulations.