The Office of Foreign Assets Control announced changes to its "Specially Designated Nationals" list. SDNs are (i) individuals and companies owned or controlled by, or acting for or on behalf of, targeted countries or (ii) individuals, groups, and entities, such as terrorists and narcotics traffickers designated under programs that are not country-specific. The assets of listed SDNs are blocked and U.S. persons are generally prohibited from dealing with them.
The following individuals have been added to OFAC's SDN list:
The Treasury Department Office of Foreign Assets Control updated its Comprehensive Guidelines for License Applications to Engage in Travel-Related Transactions Involving Cuba. The update reflects changes made to the licensing criteria, and primarily deals with the section on educational exchanges not involving academic study pursuant to a degree program (31 CFR Part 515, Section 515.565(b)(2)). The Application Guidelines are intended to help persons who wish to travel to Cuba to make their own determinations on whether their activities are authorized by a general license (in which case no specific license from OFAC is needed), or their activities could be authorized by a specific license from OFAC (in which case an application is required). The new guidelines are here.
The Office of Foreign Assets Control announced changes to its "Specially Designated Nationals" list. SDNs are (i) individuals and companies owned or controlled by, or acting for or on behalf of, targeted countries or (ii) individuals, groups, and entities, such as terrorists and narcotics traffickers designated under programs that are not country-specific. The assets of listed SDNs are blocked and U.S. persons are generally prohibited from dealing with them.
The Treasury Department provided more details about President Obama's May 1 Executive Order on foreign sanctions evaders, in a FAQ sheet made public May 2. (The order (here) imposed additional sanctions on those found to have tried to evade the original sanctions, see ITT Online Archives [Ref.12050203]).
The Office of Foreign Assets Control announced changes to its "Specially Designated Nationals" list. SDNs are (i) individuals and companies owned or controlled by, or acting for or on behalf of, targeted countries or (ii) individuals, groups, and entities, such as terrorists and narcotics traffickers designated under programs that are not country-specific. The assets of listed SDNs are blocked and U.S. persons are generally prohibited from dealing with them.