• Deanna Clark-Esposito

OFAC Updates Week 12/14/20

December 14, 2020

The Office of Foreign Assets Control (OFAC) has updated their Specially Designated Nationals and Blocked Persons (SDN) List with Iran-related designations. The designations are two individuals linked to the Iranian Ministry of Intelligence and Security.

OFAC has created its new Non-SDN Menu Based Sanctions (NS-MBS) List. The list is designed to identify persons subject to certain non-blocking menu-based sanctions including those set forth in Section 235 of the Countering America's Adversaries Through Sanctions Act (CAATSA) and the Ukraine Freedom Support Act of 2014. When blocking is chosen as the form of sanction under these acts the individual will be placed on the regular SDN List. OFAC has also updated their SDN list with Russia-related CAATSA designations.

December 15, 2020

OFAC has updated their SDN List with a single counter-terrorism designation on an Iranian individual.

December 16, 2020

OFAC has updated their SDN List with Iran-related designations. The designations of an individual and five entities were all in response to the transportation of chemicals. The exchange involved Vietnam, UAE, Hong Kong and Iran nationals.

December 18, 2020

OFAC has updated their SDN List with Venezuela-related designations. The designations included two individuals and a single entity.

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