• Deanna Clark-Esposito

OFAC Updates Week 4/27/20



April 30, 2020

OFAC has issued a Finding of Violation to American Express Travel Related Services Company (AMEX). The violation stems from allowing and processing transactions from an individual on the Specially Designated National list (SDN) which is prohibited by the Weapons of Mass Destruction Proliferators Sanctions Regulations: 31 C.F.R. pt. 544. AMEX claims that this occurred due to human error and screening system defects. There will be no monetary penalties.


See Below:

https://bit.ly/AMEXFindingOfViolation4-30-20


May 1, 2020

The Specially Designated Nationals (SDN) list has been updated with Iran-related designations. A list of information for all blocked person is available in a memo that is amended weekly.

See Below:

https://bit.ly/TreasurySDNList


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