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.
Counter Terrorism Designations; Issuance of Counter Terrorism General License
Press Release Link Recent Actions Body The Department of the Treasury's Office of Foreign Assets Control (OFAC) has issued Counter Terrorism General License...
Iran-related Designations; Publication of Updated Iran Shipping Advisory
Today, the Department of the Treasury's Office of Foreign Assets Control (OFAC) has issued an Advisory for Shipping and Maritime Stakeholders on Detecting and Mitigating Iranian Oil Sanctions Evasion.Additionally, OFAC...
Counter Terrorism Designations; Counter Narcotics Designations and Designation Updates; Global Magnitsky Designation Removal
Specially Designated Nationals List UpdateThe following individuals have been added to OFAC's SDN List:HURTADO OLASCOAGA, Adita (a.k.a. "La Venadita"), Mexico; DOB 06 Sep 1975; POB Guerrero, Mexico; nationality Mexico;...
Counter Narcotics, Non-Proliferation, and Iran-related Designations
Press Release Link Recent Actions Body Specially Designated Nationals List UpdateThe following individuals have been added to OFAC's SDN List:BELTRAN GUZMAN,...
Iran-related Designations
Specially Designated Nationals List UpdateThe following individual has been added to OFAC's SDN List:BRAR, Jugwinder Singh, Dubai, United Arab Emirates; DOB 15 Mar 1962; POB Kot Kapura, India; nationality India; Gender...
Issuance of New Russia-related General License; Publication of Updated Russia-related Frequently Asked Questions; Publication of Arabic Translations of Counter Terrorism General Licenses
Recent Actions Body The Department of the Treasury's Office of Foreign Assets Control (OFAC) has issued Russia-related General License 13M, "Authorizing Certain...
Counter Terrorism Designations and Designation Update; Russia-related Designation Removal; Reports for Licensing Activities Undertaken Pursuant to the Trade Sanctions Reform and Export Enhancement Act (TSRA)
The Department of the Treasury's Office of Foreign Assets Control (OFAC) has released Quarterly Reports of Licensing Activities pursuant to Section 906(b) of the Trade Sanctions Reform and Export Enhancement Act of...
Non-Proliferation Designations; Iran-related Designations
Specially Designated Nationals List UpdateThe following individuals have been added to OFAC's SDN List:AKBARI, Hossein (a.k.a. AKBARI, Hosein; a.k.a. AKBARI, Hosseyn; a.k.a. "DANIAL, Yousef"), Tehran, Iran; DOB 17 Jun...
Counter Terrorism Designations; Counter Narcotics Designations; Hong Kong-related Designations
Specially Designated Nationals List UpdateThe following individuals have been added to OFAC's SDN List:AMADOR VALENZUELA, Christian Noe, Mexicali, Baja California, Mexico; DOB 25 Jul 1988; POB Baja California, Mexico;...
Hostages and Wrongfully Detained U.S. Nationals Designations
Press Release Link Recent Actions Body Specially Designated Nationals List UpdateThe following individuals have been added to OFAC's SDN List:DANESHVAR, Taqi...
Issuance of Amended Venezuela-related General License
An official website of the United States government U.S. Department of the Treasury ...
Cyber-related Designation Removal; North Korea Designation Update and Removal
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Iran-related Designations; Publication of Final Rule to Extend Recordkeeping Requirements
The Department of the Treasury's Office of Foreign Assets Control (OFAC) published the Final Rule to Extend Recordkeeping Requirements from Five to 10 Years, consistent with the extension of the statute of limitations...
Transnational Criminal Organization Designation; Publication of a Counter Terrorism-related OFAC Alert
Press Release Link Recent Actions Body OFAC is publishing a new Counter Terrorism-related OFAC Alert, " International Cartels Designated as Foreign Terrorist...
Transnational Criminal Organizations Designations
Press Release Link Recent Actions Body Specially Designated Nationals List UpdateThe following individual has been added to OFAC's SDN List:MAJID, Rawa...
Iran-related Designations
Specially Designated Nationals List UpdateThe following individual has been added to OFAC's SDN List:PAKNEJAD, Mohsen (Arabic: محسن پاک نژاد) (a.k.a. PAKNEZHAD, Mohsen), Tehran, Iran; DOB 12 Jun 1966; POB Central...
Issuance of Amended Venezuela General License
Recent Actions Body The Department of the Treasury's Office of Foreign Assets Control (OFAC) has issued Venezuela General License 5R, "Authorizing Certain...
Counter Narcotics Designation; Issuance of Venezuela-related General License
Recent Actions Body The Department of the Treasury's Office of Foreign Assets Control (OFAC) has issued Venezuela General License 41A, "Authorizing the Wind Down of...
Cyber-related Designations; Counter Terrorism Designations and Designation Update; Issuance of Amended Counter Terrorism General Licenses and New Frequently Asked Question
The Department of the Treasury's Office of Foreign Assets Control (OFAC) has issued Counter Terrorism General License 22A, "Transactions Related to the Provision of Agricultural Commodities, Medicine, Medical Devices,...
Non-Proliferation Designations; Iran-related Designations
Specially Designated Nationals List UpdateThe following entities have been added to OFAC's SDN List:DDC DEVELOP INDUSTRY HONG KONG LIMITED, Rm 4, 16/F, Ho King Comm. Ctr., 2-16 Fa Yuen St., Mongkok, Kowloon, Hong Kong,...