OFAC Updates Week 2/15/21
February 16, 2021
The U.S. Department of State has revoked the Ansarallah designations and is no longer blocking the group pursuant to Global Terrorism Sanctions Regulations, Foreign Terrorist Organizations Sanctions Regulations or Executive Order (E.O.) 13224. As a result, The Office of Foreign Assets Control has revoked the following General Licenses(GL):
• GL 9, "Official Business of the United States Government"
• GL 10, "Official Activities of Certain International Organizations"
• GL 11, "Certain Transactions in Support of Nongvernmental Organizations' Activities
• GL 12, "Transactions Related to the Exportation or Reexportation of Agricultural
Commodities, Mediciine, Medical Devices, Replacement Parts and
Components or Software Updates"
• GL 13, "Authorizing Transactions Involving Ansarallah"
OFAC has also removed the relevant Frequently Asked Questions (FAQs) 875, 876 and 877. Lastly, OFAC has removed and changed the status of a variety of Ansarallah affiliates on the Specially Designated Nationals and Blocked Persons (SDN) List.
February 18, 2021
OFAC has agreed to a settlement of $507,375 with BitPay, Inc. for 2,102 apparent violations of multiple sanctions programs. BitPay allowed transactions between individuals in the Crimea region of Ukraine, Cuba, North Korea, Iran, Sudan and Syria to conduct transactions with merchants in the United States and other locations using digital currency on their platform. BitPay admits to having location information including IP addresses for the individuals who conducted these transactions before they were processed.
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