The Office of Foreign Assets Control has announced that Banco Colpatria, S.A. (Colpatria), on behalf of the former Banco Colpatria, S.A., Miami Agency, which discontinued its operations in 2007 (Colpatria Miami), has remitted $91,849 to settle allegations of prohibited transactions involving blocked property under OFAC’s Narcotics Trafficking Sanctions Regulations (NTSR) occurring between November 22, 2004 and May 24, 2005, without admitting or denying liability. OFAC alleged that Colpatria Miami violated the NTSR by processing 26 dollar-denominated wire transfers on behalf of one Colpatria corporate client, after OFAC designated the corporate client’s beneficial owners as Special Designated Narcotics Traffickers.
The Justice Department announced on August 18, 2010, that Barclays Bank PLC, a United Kingdom corporation headquartered in London, has agreed to forfeit $298 million to the U.S. and to the New York County District Attorney’s Office in connection with violations of the International Emergency Economic Powers Act (IEEPA) and the Trading with the Enemy Act (TWEA).
In a recently published op-ed piece, Treasury Under Secretary for Terrorism and Financial Intelligence, Stuart Levey discussed Iran's use of its national maritime carrier to evade international sanctions and the expectation that Iran will increase its use of non-Iranian shippers and freight forwarders to obtain and export dangerous materials as sanctions increase, among other things.
U.S. Customs and Border Protection has posted a notice providing information on Automated Export System (AES) partnership interfaces.
CBP has posted a notice providing information on Automated Export System (AES) partnership interfaces. AES has developed various levels of automated interaction with the following agencies:
The Office of Foreign Assets Control has issued a notice publishing the names of one newly designated individual whose property and interests in property are blocked pursuant to Executive Order 13224 of September 23, 2001, “Blocking Property and Prohibiting Transactions With Persons Who Commit, Threaten To Commit, or Support Terrorism."
The Office of Foreign Assets Control has issued its civil penalties enforcement information for August 13, 2010. Compass Bank remitted $607,500 to settle allegations of violations of the Sudanese Sanctions Regulations. Custom Polymers, Inc. agreed to remit $57,800 to settle an allegation of violation of the Sudanese Sanctions Regulations.
The Office of Foreign Assets Control has issued a final rule, effective August 16, 2010, which establishes regulations to codify certain financial institution provisions of the Comprehensive Iran Sanctions, Accountability, and Divestment Act of 2010 (CISADA), which was signed into law on July 1, 2010.
The Office of Foreign Assets Control is publishing the names of 21 persons it has determined to be the Government of Iran, which prohibits transactions and subjects them to certain sanctions under the Iranian Transactions Regulations, effective August 3, 2010.
The Office of Foreign Assets Control is publishing the names of two newly-designated entities and seven individuals in Iran, Lebanon, and Syria whose property and interests in property are blocked pursuant to Executive Order 13224, “Blocking Property and Prohibiting Transactions With Persons Who Commit, Threaten To Commit, or Support Terrorism,"effective on August 3, 2010.