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OFAC Updates Week 6/15/20
June 16, 2020 The Specially Designated Nationals (SDN) list has been updated with two Cyber-related designations of individuals from...
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clarkespositolaw
Jun 23, 2020
What are OFAC Sanctions?
The Office of Foreign Assets Control (OFAC) of the US Department of Treasury is tasked with administering and enforcing economic trade...
clarkespositolaw
Jun 22, 2020
OFAC Updates Week 6/8/20
June 8, 2020 The Specially Designated Nationals (SDN) list has been updated with general designations of no particular focus. A list of...
clarkespositolaw
Jun 12, 2020
OFAC Updates Week 6/1/20
June 2, 2020 The Specially Designated Nationals (SDN) list has been updated with Venezuela-related designations. A list of information...
clarkespositolaw
Jun 10, 2020
How to Avoid Sanctions Violations: OFAC Compliance Program
The Office of Foreign Asset Control (OFAC) has a tiered system to address sanctions violations committed by exporters. OFAC acts as an...
clarkespositolaw
Jun 7, 2020
Types of Export Transactions and Party Responsibilties
The two types of export transactions are standard transactions and routed transactions. Before assessing the actual type of transaction...
clarkespositolaw
Jun 5, 2020
8 Resources to Boost Your Export Business
Looking for export advice to take your business to the next level? Check out these broad categories of resources and head over to the...
clarkespositolaw
Jun 2, 2020
OFAC Updates Week 5/25/20
May 27, 2020 The Office of Foreign Assets Control (OFAC) has updated their Frequently Asked Questions (FAQs) with information about the...
clarkespositolaw
May 26, 2020
OFAC Updates Week 5/18/20
May 19, 2020 The Specially Designated Nationals (SDN) list has been updated with Iran-related designations. A list of information for all...
clarkespositolaw
May 19, 2020
OFAC Updates Week 5/11/20
May 12, 2020 OFAC has removed "General License No. 13E" regarding the authorization of activities involving Nyans AB in Venezuela. To...
clarkespositolaw
May 18, 2020
10 Strategies to Succeed in Exporting
Ready to launch your products into new countries? Wondering where the best opportunities are to do so? Why go in to it blindly when you...
clarkespositolaw
May 13, 2020
OFAC Updates Week 5/4/20
May 6, 2020 BIOMIN America, Inc., an animal nutrition company based in Kansas has paid to settle their violations of the Cuban Assets...
clarkespositolaw
May 4, 2020
OFAC Updates Week 4/27/20
April 30, 2020 OFAC has issued a Finding of Violation to American Express Travel Related Services Company (AMEX). The violation stems...
clarkespositolaw
May 1, 2020
OFAC Updates Week 4/20/20
April 21, 2020 OFAC has issued "General License No. 8F" regarding the authorization of activities involving Petroleos de Venezuela, S.A....
clarkespositolaw
Apr 24, 2020
OFAC Updates Week 4/13/20
April 15, 2020 The Department of State, Department of Treasury, F.B.I. and Department of Homeland Security have released a joint...
clarkespositolaw
Apr 14, 2020
OFAC Updates Week 4/6/20
April 6, 2020 The Specially Designated Nationals (SDN) list has been updated with Russia-related designations. See Below:...
clarkespositolaw
Apr 6, 2020
OFAC Updates Week 3/30/20
April 3, 2020 OFAC has issued "General License No. 13E" regarding the authorization of activities involving Nynas AB in Venezuela. See...
clarkespositolaw
Mar 27, 2020
OFAC Updates Week 3/22/20
March 25, 2020 OFAC has issued "General License No. 1A" and "General License No. 2A" regarding official business of the U.S. government...
clarkespositolaw
Jul 23, 2019
Importers: Apply Now to Get Back Your Overpaid China Tariff Duties
Details on the China Tariff Exclusion Request process.
clarkespositolaw
Jun 27, 2019
*NEW* - Increased Fines for OFAC Penalties
OFAC has adjusted its CMPs for the 2019 inflation rate.