The Office of Foreign Assets Control released its 2012 report on U.S. assets relating to terrorist countries and international terrorism program designees May 28. The annual report, submitted to Congress, provides data on blocked U.S. funds relating to international terrorist organization, state sponsors of terrorism and non-blocked funds relating to Iran and Syria.
Treasury Department’s Office of Foreign Assets Control added the following entities to its Specially Designated Nationals list May 23. All have been added under Weapons of Mass Destruction Proliferators Sanctions and Iranian Financial Sanctions Regulations unless otherwise noted:
Both the House and Senate Foreign Affairs Committees approved new sanctions against Iran and Syria, in separate votes on separate bills May 21 and 22. The House Foreign Affairs Committee approved the Nuclear Iran Prevention Act May 22, which creates additional sanctions in an attempt to cripple Iran’s nuclear abilities.
The Office of Foreign Assets Control removed the following entity from its Part 561 list May 17:
Treasury Department’s Office of Foreign Assets Control adding the following entities to its Specially Designated Nationals list May 16. All were added under Syrian Sanctions Regulations unless otherwise noted:
The Treasury Department’s Office of Foreign Assets Control amended terrorism program general licenses to reflect new Palestinian leadership, the agency said May 14. The amended general license authorizes U.S. persons to engage in certain otherwise prohibited transactions with the Palestinian Authority. The revised license defines that Authority as: “the Palestinian Authority government of President Mahmoud Abbas and Prime Minister Salam Fayyad, or any successor Prime Minister appointed by President Abbas, including all branches, ministries, offices, and agencies (independent or otherwise) thereof.”
The Treasury Department’s Office of Foreign Assets Control added the following entities to its Specially Designated Nationals List May 15. Both were added under Weapons of Mass Destruction Proliferators Sanctions Regulations and the Iranian Financial Sanctions Regulations:
Treasury Department’s Office of Foreign Assets Control added the following individual to its Specially Designated Nationals List:
The Treasury Department’s Office of Foreign Assets Control issued 223 licenses authorizing exports of agricultural commodities, medicine and medical devices to Iran and Sudan in the first quarter of 2013, OFAC said in a May 10 report of its licensing activities. The agency has authority over such licenses through the Trade Sanctions Reform and Export Enhancement Act. Most of the licenses -- 189 -- were for Iran; 34 were for Sudan, OFAC said. The agency also issued 115 license amendments and 13 denial letters over the quarter, which runs from October through Dec. 31, 2012. A large majority of the total number of licenses were for exporting medical devices.
The Office of Foreign Assets Control within the Treasury Department added new entities to its Specially Designated Nationals list May 9. The following were all added under Iranian Financial Sanctions Regulations and Weapons of Mass Destruction Proliferators Sanctions Regulations, unless otherwise noted.