• Deanna Clark-Esposito

OFAC Updates Week 7/6/20

Updated: Sep 5


June 8. 2020

The Office of Foreign Assets Control (OFAC) announced a settlement with Amazon.com, Inc. totaling $134,523 following the discovery that Amazon has violated multiple OFAC sanctions programs. Due to insufficiencies in their screening systems Amazon conducted hundreds of transactions with prohibited individuals on OFAC's sanctions lists.


See Below:

https://bit.ly/AmazonOFACSanctionsJul82020


July 9, 2020

OFAC has updated its Specially Designated Nationals and Blocked Persons (SDN) list with Global Magnitsky related designations against various Chinese public security departments. The Global Magnitsky Act sanctions entities that commit serious human rights abuses and crimes. A list of information for all blocked persons is available in a memo that is amended regularly.


See Below:

https://bit.ly/TreasurySDNList


July 10, 2020

OFAC has removed multiple Somalian designations from their SDN list. The designations were Somalian individuals.


See Below:

https://bit.ly/TreasurySDNList


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.

©2020 by the Clark-Esposito Law Firm.

Per the NY State Attorney Ethics Rules we are providing the following statement:  ATTORNEY ADVERTISING.

DISCLAIMER: The content of this website has been prepared by the Clark-Esposito Law Firm, P.C. for informational purposes only and should not be construed as legal advice. The material posted on this website is not intended to create, and receipt of it does not constitute, a lawyer-client relationship, and readers should not act upon it without seeking professional legal counsel. The Clark-Esposito Law Firm, P.C., did not produce and is not responsible for the content of off-site legal resources. The materials on this site may constitute advertising under various state ethics rules.