The Office of Foreign Assets Control places subsidiary to Cuban state-run oil shipper, Corporacion Panamericana, on blacklist for circumventing sanctions against Venezuela’s oil sector.
For two years the software company’s sanctions screening failed to detect a Slovenian app store developer and its owner who were placed on the Specially Designated Nationals and Blocked Persons List.
The U.S. Treasury Department’s Office of Foreign Assets Control assessed $210,600 civil penalty against Apollo Aviation Group for violating the Sudanese Sanctions Regulations.
“This new humanitarian mechanism will help international companies that seek to engage in permissible humanitarian trade with Iran to ensure that they do not run afoul of sanctions,” Treasury Secretary Steven Mnuchin said.
The Trump administration said the Turkish government satisfied the five-day ceasefire commitment in northern Syria.
The Southern African country’s political leadership established the national holiday to protest longtime U.S. economic sanctions.
The Office of Foreign Assets Control policy, which focuses on financial ownership of sanctioned individuals or entities, bedevils U.S. companies with sophisticated compliance programs.
The Office of Foreign Assets Control on Oct. 17 extended the general license for Nynas AB that is 50% owned by Venezuela’s state-owned oil company, Petrόleos de Venezuela S.A.
Turkey has the next five days to maintain the ceasefire against Syrian and Kurdish forces before the U.S. sanctions are removed.
Moving billions of dollars in coins and currency around the U.S. is a precise operation, but it doesn’t always go as planned.
