Compliance News
Regulatory and enforcement updates that affect vendor validation and 1099 reporting — IRS notices and OFAC sanctions actions, collected here as they are published so your team doesn't have to watch several feeds. Every item links back to the original announcement.
Russia-related Designations Removals
Recent Actions Body Specially Designated Nationals List UpdateThe following deletions have been made to OFAC's SDN List:MEGASAN ELEKTRONIK TICARET VE SANAYI ANONIM...
Counter Narcotics Designations; Russia-related Designations Removals; Publication of Report for Licensing Activities Undertaken Pursuant to the Trade Sanctions Reform and Export Enhancement Act (TSRA)
The United States Department of the Treasury's Office of Foreign Assets Control (OFAC) has released a Quarterly Report of Licensing Activities pursuant to Section 906(b) of the Trade Sanctions Reform and Export...
Sudan-related Designations
Sudan-related Designations Press Release Link Recent Actions Body Specially Designated Nationals List UpdateThe following individuals...
Democratic Republic of the Congo-related Designations; Issuance of Amended Russia-related General License and Frequently Asked Questions
The United States Department of the Treasury's Office of Foreign Assets Control (OFAC) is issuing Russia-related General License 131G, "Authorizing Certain Transactions for the Negotiation of and Entry Into Contingent...
Russia-related Designations Removals
BELOUS, German Valentinovich (Cyrillic: БЕЛОУС, Герман Валентинович) (a.k.a. BELOUS, German (Cyrillic: БЕЛОУС, Герман)), 12-2 Chistoprudny Boul, Apt 79, Moscow 101000, Russia; DOB 14 Nov 1977; POB Klin, Russia;...
Counter Terrorism Designations
Press Release Link Recent Actions Body Specially Designated Nationals List UpdatesThe following individuals have been added to OFAC's SDN List:ABDELHAKIM,...
Transnational Criminal Organizations Designations; Cuba Designations; Russia-related Designations Removals; Issuance of TCO-related General License; Publication of OFAC-OFSI Comparative Overview
The United States Department of the Treasury's Office of Foreign Assets Control (OFAC) published a featured story detailing its enhanced partnership with the United Kingdom's Office of Financial Sanctions...
Counter Terrorism Designations
COSTANTEEN, Wael (a.k.a. CONSTANTINE, Wael), Baghdad, Iraq; Abra Sidon, Lebanon; DOB 09 Jul 1986; nationality Lebanon; Additional Sanctions Information - Subject to Secondary Sanctions Pursuant to the Hizballah...
Cuba Designation; Russia-related Designations Removals and Designation Update; Issuance of Amended Russia-related General Licenses and Frequently Asked Questions
The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) is issuing Russia-related General License 55F, "Authorizing Certain Services Related to Sakhalin-2;" and Russia-related General License...
Non-Proliferation Designations; Iran-related Designations; Issuance of Venezuela-related Amended General Licenses and Frequently Asked Questions
The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) is issuing Venezuela-related General License 46C, "Authorizing Certain Activities Involving Venezuelan-Origin Oil or Petrochemical...
Iran-related Designations; Counter Terrorism Designations Updates
GERAMIAN NIK, Mehrdad (Arabic: مهرداد گرامیان نیک) (a.k.a. GRAMIAN NIK, Mehrdad), Tehran, Iran; DOB 24 Aug 1964; POB Tehran, Iran; nationality Iran; alt. nationality Dominica; Additional Sanctions Information - Subject...
Cuba Designations; Issuance of Cuba-related Frequently Asked Question
The Department of the Treasury's Office of Foreign Assets Control (OFAC) is issuing one new Cuba-related Frequently Asked Question, FAQ 1258.Additionally, OFAC has updated the Specially Designated Nationals and Blocked...
Publication of Introduction to OFAC Guide
Recent Actions Body Today, the Department of the Treasury’s Office of Foreign Assets Control (OFAC) is publishing an "Introduction to the Office of Foreign Assets...
Counter Terrorism and Iran-related Designations; Democratic Republic of the Congo-related Designations; Issuance of Iran-related Frequently Asked Question
The Department of the Treasury's Office of Foreign Assets Control (OFAC) is issuing one new Iran-related Frequently Asked Question, FAQ 1257.Additionally, OFAC has updated the Specially Designated Nationals and Blocked...
Counter Terrorism Designations; Issuance of Amended Iran-related Frequently Asked Question
Today, the Department of the Treasury's Office of Foreign Assets Control (OFAC) is issuing one amended Iran-related Frequently Asked Question, FAQ 1249.Additionally, OFAC has updated the Specially Designated Nationals...
Designations Removals
COLOMBIANA DE CERDOS LTDA. (a.k.a. COLCERDOS LTDA.), Km. 3 Via Marsella Parque Industrial, Pereira, Colombia; Apartado Aereo 3786, Pereira, Colombia; NIT # 800018928-0 (Colombia) [SDNT].COLCERDOS LTDA. (a.k.a....
International Criminal Court-related Designation
Recent Actions Body Specially Designated Nationals List UpdatesThe following individual has been added to OFAC's SDN List:ALBANESE, Francesca Paola, Tunis, Tunisia;...
Counter Terrorism Designations
AL-MOUSSAWI, Ibrahim (Arabic: ابراهيم الموسوي) (a.k.a. AL-MOUSAOUI, Ibrahim; a.k.a. MOUSAWI, Ibrahim), Lebanon; DOB 05 Nov 1965; nationality Lebanon; Additional Sanctions Information - Subject to Secondary Sanctions...
Counter Narcotics and Counter Terrorism Designations
AISPURO FELIX, Jesus Alonso, Mexico; DOB 01 Aug 1981; POB Durango, Mexico; nationality Mexico; Gender Male; Secondary sanctions risk: section 1(b) of Executive Order 13224, as amended by Executive Order 13886; C.U.R.P....
Settlement Agreement between the U.S. Department of the Treasury's Office of Foreign Assets Control and Adani Enterprises Limited
Recent Actions Body The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) today announced a $275,000,000 settlement with Adani Enterprises...