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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 ...
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.
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).
Still, Iraqi officials say the measures have led to a dollar shortage, which has led the Iraqi dinar to change hands at more than 1,500 per dollar in the unofficial market in recent months, up to ...
The United States has imposed two-thirds of the world's sanctions since the 1990s. [2] In 2024, the Washington Post said that the United States imposed "three times as many sanctions as any other country or international body, targeting a third of all nations with some kind of financial penalty on people, properties or organizations". [3]
With Citgo under the control of Guaidó's administration, the U.S. Treasury Department extended its license to operate in spite of sanctions. [ 118 ] Stating it was a "sign of the growing dependence of Venezuela's cash-strapped government on Russia", Reuters reported on 18 April 2019 that the Maduro administration was bypassing sanctions by ...
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Nearly $2 billion is spent every day just in interest on the national debt, according to the Peter G. Peterson Foundation. And when the government owes a lot, it makes it harder for corporations ...