OFAC Updates Week 4/6/20
April 6, 2020
The Specially Designated Nationals (SDN) list has been updated with Russia-related designations.
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.
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.
April 10, 2020
OFAC has issued "General License No. 5C" regarding transactions with Petróleos de Venezuela.
Have questions related to anything you've read above? Feel free to connect with us using the Contact form at the bottom of the Home page.