The Treasury Department has announced the designation of a procurement network led by Milad Jafari that provides support to Iran’s Aerospace Industries Organization (AIO), pursuant to Executive Order 13382, which freezes the assets of six individuals and five entities, thereby isolating them from the U.S. financial and commercial systems. In a separate action, Treasury also targeted further the corporate structure of the Islamic of Iran Shipping Lines (IRISL), by designating Adrian Baldacchino, as well as two Malta-based IRISL affiliates under his control: Royal-Med Shipping Agency Ltd. and Maraner Holdings Limited. The Office of Foreign Assets Control has also updated its Specially Designated Nationals list to include these designations.
The Office of Foreign Assets Control has issued a final rule, effective February 11, 2011, which revokes a general license which authorized U.S. persons to engage in transactions with two blocked entities, Lakokraska OAO and/or Polotsk Steklovolokno OAO1.
The Office of Foreign Assets Control has issued a final rule, effective January 28, 2011, which amends the Cuban Assets Control Regulations to implement policy changes to, among other things, allow for greater licensing of travel to Cuba for educational, cultural, religious, and journalistic activities and expand licensing of remittances to Cuba. These amendments also modify regulations regarding authorization of transactions with Cuban national individuals who have taken up permanent residence outside of Cuba.
The Office of Foreign Assets Control has designated Lebanese narcotics trafficker Ayman Joumaa, as well as nine individuals and 19 entities connected to his drug trafficking and money laundering organization, as Specially Designated Narcotics Traffickers pursuant to the Foreign Narcotics Kingpin Designation Act. These designations include:(1) Phenicia Shipping Offshore SARL of Lebanon and (2) Ellissa Shipping of Benin. As a result of today’s designations, U.S. persons are prohibited from conducting financial or commercial transactions with these individuals and entities and any assets the designees may have under U.S. jurisdiction are frozen.
The Office of Foreign Assets Control has released new frequently asked questions and answers regarding its Specially Designated Nationals list screening in order to clarify its policy on weak aliases or AKAs (also known as).
The Office of Foreign Assets Control has updated its Specially Designated Nationals List to include the anti-terrorism designation of Qari Hussain. (See ITT's Online Archives or 01/20/11 news, 11012048, for BP summary of the State Department's designation of Qari Hussain as a Specially Designated Foreign Terrorist.)
The Treasury Department announces the designation of 24 shipping companies affiliated with the Islamic Republic of Iran Shipping Lines (IRISL) pursuant to Executive Order 13382, which is aimed at freezing the assets of proliferators of weapons of mass destruction and their supporters, thereby blocking them from the U.S. financial and commercial systems.
The Office of Foreign Assets Control is publishing the name of five individuals whose property and interests in property are blocked pursuant to Executive Order 13396, “Blocking Property of Certain Persons Contributing to the Conflict in Côte d'Ivoire,” including former President Laurent Gbagbo, effective January 6, 2010. (See ITT's Online Archives or 01/06/11 news, 11010648, for previous BP summary of these designations.)
The Office of Foreign Assets Control has designated former Côte d’Ivoire President Laurent Gbagbo, his wife, Simone Gbagbo, and three of Gbagbo’s senior advisors, Desire Tagro, Pascal Affi N’Guessan, and Alcide Ilahiri Djedje, pursuant to Executive Order 13396. As a result, U.S. persons are prohibited from conducting financial or commercial transactions with the designated individuals, and any assets of the designees within U.S. jurisdiction are frozen. OFAC has also updated its Specially Designated Nationals list to include these designations.
The Office of Foreign Assets Control is publishing the names of ten individuals whose property and interests in property have been unblocked pursuant to Executive Order 13288 of March 6, 2003, “Blocking Property of Persons Undermining Democratic Processes or Institutions in Zimbabwe,” as amended by Executive Order 13391 of November 22, 2005, “Blocking Property of Additional Persons Undermining Democratic Processes or Institutions in Zimbabwe," effective December 21, 2010.