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It has also hired lawyers to request further guidance from OFAC on import of goods from Iran. [18] In 2014, OFAC reached a record $963 million settlement with the French bank BNP Paribas, which was a portion of an $8.9 billion penalty imposed in relation to the case as a whole. [19] [20] Appointment as OFAC director is not subject to Senate ...
Financial sanctions are primarily administered by the U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC), while export controls are primarily administered by the U.S. Department of Commerce's Bureau of Industry and Security (BIS).
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.
It should also hold the Office of Foreign Assets Control (OFAC) accountable, demanding it puts timely and significant sanctions on entities supporting terrorist organizations. ... What power does ...
The US Treasury's Office of Foreign Assets Control (OFAC) said IS-Somalia had raised nearly $2m in the first half of 2022 by taxing local businesses, imports, nomads and farmers.
According to the Australian Strategic Policy Institute, CAATSA has resulted in delays to the Indonesian purchase of Russian Sukhoi Su-35 fighter aircraft and "[the] willingness of the U.S. to impose [CAATSA] sanctions, or whether any waiver might be obtained, has been at the forefront of security diplomacy between Washington and Jakarta in ...
Azza Air Transport, former Cargo airline, in the SDN List. The Specially Designated Nationals and Blocked Persons List, also known as the SDN List, is a United States government sanctions/embargo measure targeting U.S.-designated terrorists, officials and beneficiaries of certain authoritarian regimes, and international criminals (e.g. drug traffickers).
Reciprocal tariffs refer to tariffs—the taxes charged on imported goods—the U.S. government plans to levy against global trading partners that are equal to the existing tariffs foreign ...