The Treasury Department's Office of Foreign Assets Control issued FAQs regarding recent steps the U.S. has taken to ease economic and trade sanctions against Burma (Myanmar), including General License Nos. 16-19 (here).
March 14-17 FIATA (International Federation of Freight Forwards) HQ Session, Swissotel, Zurich, Switzerland (here)
The Treasury Department’s Office of Foreign Assets Control added the following names to its Specially Designated Nationals list for various violations of sanctions against Iran.
The Treasury Department’s Office of Foreign Assets Control amended parts of the Iranian Financial Sanctions regulations. The changes implement sections 503 and 504 of the Iran Threat Reduction and Syria Human Rights Act of 2012, according to OFAC. Some of the changes include:
The Treasury Department’s Office of Foreign Assets Control has added the following entities to its Specially Designated Nationals list. All are located in the Democratic People’s Republic of Korea and have been added to the list under the Weapons of Mass Destruction Proliferators Sanctions Regulations.
March 10-12 Air Cargo 2013, Red Rock Casino, Las Vegas (here)
The following individuals have been added to the Office of Foreign Assets Control SDN list:
A Houston, Texas company agreed to pay $139,650 to settle potential civil liability for alleged violations of Cuban and Iranian transaction restrictions, the Treasury Department’s Office of Foreign Assets Control said March 5. EGL, Inc., now part of the CEVA Logistics group of companies, allegedly violated the Cuban Assets Control Regulations from April 2005-Dec. 2008, according to an OFAC notice. EGL’s foreign affiliates provided freight forwarding services with respect to shipments to and from Cuba, in 280 different transactions, the notice said. The alleged violations of the Iranian Transactions and Sanctions Regulations occurred from around Aug.-Oct. 2008, when EGL affiliates acted as the freight forwarder of 10 shipments of oil rigs to the oil drilling rig Aban VIII, the notice said. That rig is located in Iranian waters and is operated by Petropars, an affiliated company of the National Iranian Oil Company, according to OFAC.
March 3-6 Trans Pacific Maritime conference, Long Beach Convention Center (here)
The following individuals have been added to the Office of Foreign Assets Control SDN list: