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The Office of Foreign Assets Control (OFAC) has the authority to regulate and amend the CACR to be consistent with the policies and goals of the executive administration. The Regulations prohibit any person subject to U.S. jurisdiction from dealing in any property in which Cuba or a Cuban national has an interest.
OFAC is headquartered in the Freedman's Bank Building, located across the street from the Treasury Building in Washington, D.C.. In addition to the Trading with the Enemy Act and the various national emergencies currently in effect, OFAC derives its authority from a variety of U.S. federal laws, particularly the International Emergency Economic Powers Act (IEEPA), regarding embargoes and ...
In general terms, the Order provides a means by which to disrupt the financial support network for terrorists and terrorist organizations by authorizing the U.S. Department of State, in consultation with the U.S. Departments of the Treasury and Justice, to designate and block the assets of foreign individuals and entities that commit, or pose a significant risk of committing, acts of terrorism.
The International Emergency Economic Powers Act (IEEPA), Title II of Pub. L. 95–223, 91 Stat. 1626, enacted October 28, 1977, is a United States federal law authorizing the president to regulate international commerce after declaring a national emergency in response to any unusual and extraordinary threat to the United States which has its source in whole or substantial part outside the ...
A federal judge temporarily blocked part of the Trump administration’s pause on federal grants and loans Tuesday, just hours before it was set to take effect, as a slew of advocacy groups ...
In Honduras, the business-lending arm of the World Bank aligned itself with a key player in a land dispute that has left more than 130 people dead, including Gregorio Chávez, a preacher who went out to tend his garden one day and didn’t come back. In the last decade, the International Finance Corp.’s lending and influence has soared, even as it has embraced financing methods that shield ...
SDGTs are entities and individuals who the Office of Foreign Assets Control (OFAC) finds have committed or pose a significant risk of committing acts of terrorism, or who OFAC finds provide support, services, or assistance to, or otherwise associate with, terrorists and terrorist organizations designated under OFAC Counter Terrorism Sanctions ...
In northern Peru, the World Bank's business-lending arm is part owner of the Yanacocha gold mine, accused by impoverished farming communities of despoiling their land in pursuit of the precious ore. The bank and IFC have stepped up investments in projects deemed to have a high risk of serious and environment damage, including oil pipelines, mines and even coal-fired power plants, an ...