• Deanna Clark-Esposito

OFAC Updates Week 4/6/20




April 6, 2020

The Specially Designated Nationals (SDN) list has been updated with Russia-related designations.


See Below:

https://bit.ly/RussiaSDNDesignations4-6-20


April 8, 2020

The Federal Civil Penalties Inflation Adjustment Act of 1990 has been implemented to amend regulations and adjust the maximum amount of civil monetary penalties to inflation. The regulatory amendment will take effect on April 9, 2020.


See Below:

https://bit.ly/FedCPIAActImplementation4-8-20


April 9, 2020

The North Korea sanction regulations, 31 C.F.R part 510, are being amended to further implement the North Korea Sanctions and Policy Enhancement Act of 2016. The amendments will take effect on April 10,2020.


See Below:

https://bit.ly/AmendedNKoreaSanctions4-9-20


April 10, 2020

OFAC has issued "General License No. 5C" regarding transactions with Petróleos de Venezuela.


See Below:

https://bit.ly/VenezuelaGeneralLicenses4-10-20


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