The Office of Foreign Assets Control Dec. 31 released its annual terrorist assets report for 2019. The report includes an overview of OFAC terrorism sanctions, their impact, enforcement measures and a summary of blocked assets.
The Office of Foreign Assets Control Jan. 4 issued a revised general license that continues to authorize certain transactions (see 1908060048) with Venezuela's “Interim President” Juan Guaido, his staff and others operating under his government. OFAC also amended frequently asked question 679, which outlines the people and entities covered by general license No. 31A.
Export Compliance Daily is providing readers with some top stories for 2020 in case they were missed.
The United Kingdom officially began operating its autonomous sanctions and export control regimes Jan. 1 and issued a range of guidance for industry as it left the European Union. The documents include a 32-page guidance covering penalties for breaches of U.K. sanctions, a list of the U.K. sanctions regimes and a host of export control guidance, including new procedures for applying for export licenses.
The United Kingdom’s Department for International Trade Dec. 29 updated the guidance on its open general import license and its use. The U.K. updated the guidance and the license to reflect that the Brexit transition period ends Jan. 1, 2021, when the updated version takes effect. The guidance includes explanations of the licensing provisions affected by the end of the transition period, including those related to firearms, chemical weapons and sanctions.
The Office of Foreign Assets Control fined a California technology company nearly $100,000 for sanctions violations, a Dec. 30 Treasury Department notice said. It said BitGo committed 183 violations of U.S. sanctions programs when it allowed people in Cuba, Iran, Sudan, Syria and Ukraine's Crimea region to use its “non-custodial secure digital wallet management service.” The company “had reason to know” the people sanctioned countries were using BitGo’s services, OFAC said, but “failed to implement controls” to prevent the violations.
The State Department released its annual report on U.S. actions taken under the Global Magnitsky Human Rights Accountability Act during 2020. The agency said the U.S. took “significant action” under its human rights sanctions program, which included actions against Chinese officials for human rights abuses in the Xinjiang region (see 2007310028), “corrupt actors” in South Sudan (see 2001080023), and Ugandan officials complicit in an adoption scam victimizing children born in that country (see 2008170018). The report contains a list of all the sanctions targets under the human rights regime in 2020.
Four companies said they may have violated U.S. sanctions and export controls after providing products to blocked parties or not complying with licensing requirements, according to their Securities and Exchange Commission filings. The potential violations involve illegal exports of software, providing services to people in embargoed countries, and sanctioned airline activities.
The Bureau of Industry and Security December rule (see 2012220053) that removed Hong Kong as a separate destination under the Export Administration Regulations has implications for EAR requirements but does not impact certain Census Bureau reporting requirements, Census said. In a Dec. 29 email to industry, Census said the BIS rule does not change Census' Foreign Trade Regulations ultimate consignee, country of destination and intermediate consignee reporting requirements, which contribute to certain trade statistics.
The Office of Foreign Assets Control sanctioned a Venezuelan judge and prosecutor for presiding over the prosecution of the “Citgo 6,” the six U.S. citizens who were “unjustly imprisoned” in Venezuela in 2017, OFAC said Dec. 30. The designations target Judge Lorena Carolina Cornielles Ruiz and prosecutor Ramon Antonio Torres Espinoza. OFAC said the trials of the six Citgo executives were based on “politically motivated charges and marred by a lack of fair trial guarantees.”