Monday, April 19th
- This week started with the addition of ten targets to the France's list of sanctions pursuant to its autonomous anti-terrorism sanctions. Concurrently, France Treasury took the name of twelve targets off its sanctions list. (Here)
- In response to the political situation in Belarus, OFAC decided not to extend the authorization granted via a General License for many years, allowing transactions with nine Belarusian state-owned entities. Instead of renewing the previous General License which was due on April 25th, OFAC issued General License 2H, which only authorizes, through June 3, 2020, transactions and activities that are ordinarily incident and necessary to the wind down of transactions involving those state-owned entities. (GL 2H, State Department press release)
- In an interesting development, OFAC announced a settlement with an Oklahoma based company for the latter's apparent violations of the Iranian Transactions and Sanctions Regulations. This was interesting because contrary to several other cases, the apparent violations stem from importation of services to the United States. This case serves as a great reminder to those who use services provided from a sanctioned jurisdiction. (Here)
- To complete this eventful day, OFSI published a new blog post about licensing. (Introduction to Licensing)
Tuesday, April 20th - No major development on this day.
Wednesday, April 21st
- OFAC added two entities to its SDN list as a part of its Burma program. (Here, Treasury press release, Department of State press release) Concurrently, OFAC deleted several entries from the SDN list, all of which were listed with the SDNTK tag.
- In case you are interested, the Department of State published "Briefing with Senior State Department Official On Recent U.S. Engagement in Vienna Regarding the JCPOA." (Here)
Thursday, April 22nd
- Following the removal of a number of Iraqi targets by the UNSC last week, the EU implemented those changes (with a week-long delay). (Here)
Friday, April 23rd
- OFAC added dozens to its SDN list pursuant to the Kingpin Act sanctions. (Here)
Recommendations of the week
- Watch France 24's report about sanction evasions at Lebanon-Syria border. (Here)
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