The Office of Foreign Assets Control is publishing the name one individual, Moussa Koussa, whose property and interests in property have been unblocked pursuant to Executive Order 13566, “Blocking Property and Prohibiting Certain Transactions Related to Libya,” effective April 4, 2011. (See ITT's Online Archives or 04/05/11 news, 11040557, for previous BP summary of this unblocking.)
The Office of Foreign Assets Control is publishing the names of nine individuals newly-designated as persons whose property and interests in property are blocked pursuant to Executive Order 13566, “Blocking Property and Prohibiting Certain Transactions Related to Libya," effective March 11, 2011. (See ITT's Online Archives or 03/11/11 news, 11031169, for previous BP summary of these designations.)
The Office of Foreign Assets Control has issued General License No. 4 under Executive Order 13566, which provides guidance and an authorization with respect to investment funds in which there is a blocked non-controlling, minority interest of the Government of Libya. The complete text of General License No. 4 is available here. (See ITT's Online Archives or 03/10/11, 03/07/11, and 03/02/11 news, 11031053, 11030747, and 11030260, for BP summaries of OFAC's issuance of General License Nos. 1A, 2, and 3 under EO 13566, respectively.)
The Office of Foreign Assets Control has announced additional designations of five senior Libyan government officials and two entities owned or controlled by children of Muammar Qadhafi pursuant to Executive Order 13566, under which any assets of the designees subject to U.S. jurisdiction are frozen, and U.S. persons are prohibited from engaging in business with them. OFAC has also updated its Specially Designated Nationals list.
The Office of Foreign Assets Control has released new civil penalties and enforcement information as follows:
The International Trade Data System Board's recent fiscal year 2010 report contains an update on the progress of ITDS implementation by Participating Government Agencies since 2009, and includes information on pilots with the Consumer Product Safety Commission, Coast Guard, Environmental Protection Agency, and Food Safety and Inspection Service; in addition to an antidumping/countervailing duty ACE module with the International Trade Administration, and an interface for the DOT’s planned International Freight Data System and ACE. Other PGAs worked on their agreements with U.S. Customs and Border Protection.
The Office of Foreign Assets Control is removing Moussa Koussa, Libya’s former Foreign Minister, from its Specially Designated Nationals list, who was previously designated for sanctions pursuant to Executive Order 13566 for being a senior official of the Government of Libya. OFAC states that Koussa has since severed ties with the Qadhafi regime, and the U.S. is lifting sanctions against him.
The Office of Foreign Assets Control has updated its Specially Designated Nationals list entries for 21 vessels affiliated with the Islamic Republic of Iran Shipping Lines (IRISL) that have since been renamed by IRISL and its affiliates. OFAC is also identifying three additional vessels as blocked property due to their affiliation with IRISL. The updated list is available here.
The Office of Foreign Assets Control has issued a March 31, 2011 Advisory to alert shippers, importers/exporters and freight forwarders to practices used by the Islamic Republic of Iran Shipping Lines (IRISL) and companies acting on its behalf to evade U.S. and international economic sanctions.
The Office of Foreign Assets Control is publishing supplemental identification information for one individual, Mohamad Iqbal Abdurrahman of Indonesia, 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.” This updated information is effective March 24, 2011.