OFAC Updates Week 4/5/21
April 5, 2021
President Biden has signed Executive Order (E.O.) 14022, terminating the national emergency declared in E.O. 13928. E.0. 13928 blocked property of many individuals associated with the International Criminal Court. As a result, the Office of Foreign Assets Control has updated its Specially Designated and Blocked Persons (SDN) List.
OFAC has published two new Syria related frequently asked questions (FAQ's). FAQ 884 relates to potential secondary sanctions under the Syria Civilian Protection Act of 2019 (Caesar Act). FAQ 885 answers whether U.S. and non-U.S. persons and entities may provide or facilitate humanitarian assistance to Syria without the risk of sanctions.
April 6, 2021
OFAC has updated their SDN list with Kingpin Act designations of three Mexican individuals and two entities. The Kingpin Act targets and imposes sanctions upon those connected with the trafficking of narcotics.
April 7, 2021
OFAC has updated their SDN list with Transnational Criminal Organization designations. The designations in included four individuals, an organization and a company with connections to Pakistan and Afghanistan.
April 8, 2021
OFAC has updated their SDN list with a Burma-related designation. A single designation was placed upon a corporation.
April 9, 2021
OFAC has amended the definition of "applicable schedule amount" contained in appendix A to 31 CFR part 501. The amendment takes effect upon publication in the Federal Register on April 12, 2021.
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