top of page
Search

OFAC Updates Week 1/25/21

clarkespositolaw


January 25, 2021

The Office of Foreign Assets Control (OFAC) has issued General License No. 13 "Authorizing Transactions involving Ansarallah." Ansarallah was recently designated as a terrorist entity so this action has been classified as a counter terrorism precaution by OFAC. OFAC has also amended frequently asked question (FAQ) 876.


OFAC's sanctions list search tool has been upgraded with a fuzzy logic component which will expand the depth of searching and improve performance of the search system.


January 27, 2021

OFAC has issued General License 1A "Authorizing Transactions Involving Securities of Certain Communist Chinese Military Companies." In response to Executive Order 13959, "Addressing the Threat from Securities Investments that Finance Communist Chinese Military Companies," OFAC has been structuring sanctions around transactions involving Chinese Military Companies. Alongside this new General License, OFAC has also published FAQs 878 and 879.


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 or send us an email at contact@clarkespositolaw.com.

Comentários


How can we be of help?

New York Office:

211 E. 43rd Street, 7th Floor

New York, NY 10017

Connecticut Office:

9 Mott Ave., Suite 210

Norwalk,  CT 06850

917.546.6997

Stay Connected. Subscribe.

Thanks for subscribing!

  • YouTube
  • Instagram
  • LinkedIn
  • Facebook

Per The NY State Attorney Ethics Rules, See 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.

NYC, NYS, & PANYNJ M/WBE Certified Minority/Women Owned and Led Business

© 2024 by Clark-Esposito Law Firm, P.C.

bottom of page