The Kitchen takes a closer look at a recent OFAC settlement with First Bank and JC Flowers & Co. in regards to Iran & Syria Sanctions.
Tag: OFAC
In this episode, the Kitchen reviews an OFAC license extension, allowing for certain education materials to be exported to Iran.
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Payoneer OFAC Settlement
Today, we review a recent OFAC settlement over sanctions programs violations. The Kitchen looks into what the government found to be a mitigating and aggravating factor. Then we touch on the Framework for OFAC Compliance Commitments and align it with this enforcement action.
In this episode, the Kitchen looks at a recent OFAC settlement over Iran sanctions violations.
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EU, OFAC and Venezuela updates
The Minsk agreements continue to go unimplemented, so the EU extends Russia sanctions again; OFAC grants an export license for certain petroleum products destined for Venezuela and the Kitchen is there to look into the details.
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OFAC Blocked Property Report
The Kitchen reminds all that the annual OFAC blocked property report deadline is coming up. We look at this process in more detail, including how and where to file and, importantly, what OFAC says should not be reported.
The Kitchen follows OFAC’s amendment to TSRA license FAQs and what modifications to the US HTS did the US ITC put in place.
This episodes looks at OFAC’s amendments to the narcotics and kingpin sanctions regulations. Next we will look at the DOD’s request for a public comment, the deadline and how to submit.
In today’s episode, we discuss the inherent challenges of operating a company in compliance with U.S. and international sanctions when the lists of sanctioned parties are a moving target.
Join us each week as we take a deep dive into the various forms of fraud across the world and discuss crime families, penny stock boiler rooms, international money launderers, narco-traffickers, oligarchs, dictators, war lords, kleptocrats and more.
Scott Moritz is a leading authority on white-collar crime, anti-corruption, and in the evaluation, design, remediation, implementation, and administration of corporate compliance programs, codes of conduct. He is also considered an authority in the establishment, training, and oversight of the investigative protocols carried out by financial intelligence, corporate security, and internal audit units.
Sylvia Surman returns in the Compliance Kitchen. In this episode, she discusses the update on some of OFAC’s recent SDN and sanctions activities. We will look at North Korea, Russia, Iran and Venezuela.