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OFAC Updates Week 7/6/20

Updated: Sep 5, 2020

June 8. 2020

The Office of Foreign Assets Control (OFAC) announced a settlement with, 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.

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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.

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July 10, 2020

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

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