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May 5, 2016: OFAC Terror and Narcotics updates
Last Thursday, OFAC added the following persons under the counter terrorism sanctions: ABU DAWUD, Musa (a.k.a. ABOU DAOUD, Moussa; a.k.a. BOURAHLA, Moussa; a.k.a. MOUSSA, Bourahla; a.k.a. “ABOU...
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A slow OFAC sanctions day: 1 new Kingpin, 2 modified terror listings
Earlier today, OFAC added the following person: ESPINOZA AGUILAR, Diana (a.k.a. ESPINOZA AGUILAR, Altagracia; a.k.a. ESPINOZA AGUILAR, Diana Altagracia); DOB 17 Jul 1970; POB Matachi, Chihuahua,...
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May 13, 2016: More Kingpin Act FAQ & License changes
On Friday, OFAC modified on General License for the Kingpin Act counter narcotics sanctions program, added 2 more and modified the Frequently Asked Questions page accordingly. Links: OFAC Notice...
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OFAC Panama-related Kingpin FAQs
General Licenses Issued Authorizing Certain Activities Pertaining to Panama 470. What transactions and activities does General License 2 (Authorizing Certain Transactions and Activities Necessary to...
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June 3, 2016: Mawa Enterprises Corp. Removed from Kingpin sanctions
On Friday, OFAC removed the following entity: MAWA ENTERPRISES, CORP., Panama; RUC # 37255-145-266651 (Panama) [SDNTK]. from its counter narcotics trafficking sanctions. Link: OFAC Notice Edited with...
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June 3, 2016: OFAC Publishes Kingpin General License 3A
On Friday, OFAC published General License 3A under its Kingpin Act sanctions program. It replaces General License 3, and authorizes transactions necessary to maintain existing operations of La Estrella...
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June 1, 2016: OFAC singles out Felix Maduro Group in policy statement
On June 1, OFAC took the unusual step of issuing the following statement on its Recent Actions page: On May 5, 2016, the United States Department of the Treasury, Office of Foreign Assets Control...
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June 10, 2016: OFAC updates 4 Kingpin Act General Licenses
On June 10th, OFAC released updated versions of General Licenses under the Kingpin Act – you can tell by the letter suffixes on the license number: General License 1B – Wind Down Activities for Banco...
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June 14, 2016: Another Panamanian Kingpin-Related General License from OFAC
General License 7 allows transactions with Importadora Maduro, Maduro Internacional and Lindo 7 Maduro after Panama removed the SDNTs who were controlling it. There’s a new FAQ, too. Links: OFAC...
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July 1, 2016: Kingpin General License 4 updated again
General License 4 for the Kingpin Act sanctions authorized transactions, broadly, for the Panamanian Mall and its associated complex, Soho Panama, as long as you steer clear of designated parties. 4C...
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July 21, 2016: Kingpin General Licenses 5 & 6 Updated Again
We’re now on the 3rd iteration of General Licenses 5 & 6 for the Kingpin Act sanctions program – both extended to February 3rd of next year. Updated FAQ, too – to reflect the changes. Links: OFAC...
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August 4, 2016: OFAC updates terror and drug sanctions listings
Yesterday, the Office of Foreign Assets Control (OFAC) removed the following listings from the counter-narcotics sanctions program: RUBIO ZAGA, Jesus Roman, c/o ILC EXPORTACIONES, S. DE R.L. DE C.V.,...
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OFAC Finding of Violation: BBVA Compass
Usually, only civil monetary penalties and financial settlements are published on OFAC”s Enforcement Action pages. However, from time to time, they publish a Finding of Violation to create a teachable...
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August 16, 2016: OFAC adds some here, takes some from there
On Tuesday, OFAC added the following persons: ALVAREZ INZUNZA, Juan Manuel (a.k.a. INZUNZA ZAZUETA, Erik Tadeo; a.k.a. OSUNA GODOY, Rolando; a.k.a. SALAS ROJO, Juan Manuel; a.k.a. TAMAYO IBARRA, Juan...
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OFAC gets a two-fer on enforcement actions
Keystone Cops time – Kanawha Insurance Company, a subsidiary of Humana, serviced policies for AXA Equitable. Neither firm screened policyholders – perhaps they assumed the other was doing it. And they...
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August 19, 2016: OFAC extends Kingpin General License 4 again
On August 19th, OFAC replaced General License 4C with 4D under the Kingpin Act sanctions against narcotics trafficking. General License 4x allows certain transactions with the vendors located in the...
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September 23, 2016: OFAC adds 4 new Kingpins!
On Friday, OFAC added the following persons: IMPERIAL CASTRO, Eliseo (a.k.a. “CHEYO ANTRAX”), Mexico; DOB 17 Jan 1984; POB Culiacan, Sinaloa, Mexico; citizen Mexico; Gender Male; R.F.C. IECE840117RCA...
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September 29, 2016: OFAC giveth, OFAC taketh away
Last Thursday, OFAC added the following persons: MUNOZ HOYOS, Carlos Ivan (Latin: MUÑOZ HOYOS, Ivan Carlos), Colombia; DOB 23 Dec 1957; POB Aranzazu, Caldas, Colombia; nationality Colombia; Cedula No....
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October 3, 2016: OFAC updates Zimbabwe (incl. delistings!) and Kingpin sanctions
Last Tuesday, OFAC updated the following Zimbabwe sanctions listing: MUGABE, Leo (a.k.a. “CDE MUGABE”), 72 Green Groove Drive, Greendale, Harare, Zimbabwe; DOB 28 Feb 1957; alt. DOB 28 Aug 1962; MP...
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October 3, 2016: GA Woman’s Money Laundering Leads to 3 1/2 Years in Jail
Department of Justice U.S. Attorney’s Office Eastern District of California FOR IMMEDIATE RELEASE Monday, October 3, 2016 Georgia Woman Sentenced to over 3.5 Years in Prison for Laundering and...
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