Sanction Law
Your Guide to the Office of Foreign Assets Control

Sanction Law is a resource for those seeking information on OFAC administered sanctions programs. This blog tracks the latest developments in the field of U.S. economic sanctions, offers commentary on their practical applications, and serves as a community for discussion on OFAC related matters.

For information on EU sanctions, check out the European Sanctions Law and Practice Blog European Sanctions Law and Practice Blog

  Ferrari & Associate’s P.C.’s daily rundown of the day’s sanctions news. Russia’s Proposed Oil-for-Goods Deal with Iran (Foundation for Defense of Democracies) Chinese National Indicted in US Over Exports to Iran (Reuters) Four Arrested Over Iran Nuclear Sanctions Violations … Continue reading

Last week, The Hill reported that lobbyists representing the interests of Russian President Vladmir Putin in the United States have breathed a collective sign of relief that Mr. Putin has not yet been caught up in the sanctions designations that … Continue reading

So with the ink still drying on Executive Order (“E.O.”) 13660, the sanctions imposed on March 6, 2014 on those parties contributing to the situation in Ukraine, President Obama signed a new executive order (“Ukraine 2″) today blocking the property … Continue reading

We frequently get calls where clients want to know the “approved” banks in Iran they can work with or have accounts at. As I frequently mention, there are no “approved” Iranian banks, and moreover, all Iranian financial institutions are either … Continue reading

It may occur from time to time, that a Specially Designated National (SDN) or Blocked Person which has been designated by both the United States Department of the Treasury’s Office of Foreign Assets Control (“OFAC”), and by the United Nations … Continue reading

Despite the issuance of an Executive Order (“E.O.”) targeting those involved in threatening the peace, security, or stability of Ukraine, as well as those seeking to assert governmental authority in the Crimean region without the authorization of the Government of … Continue reading

Last year, I posted an article about a U.S. company that was engaged in prohibited brokerage services on behalf of a third country entity for the sale of agricultural commodities to Iran. The agricultural commodities in question are those which … Continue reading

The words appearing in quotations in the title to this blog post, “The Court notes that three years of radio silence from OFAC is troubling”, are from the Honorable Rudolph Contreras of the United States District Court for the District … Continue reading

This past Friday, the United States Department of the Treasury’s Office of Foreign Assets Control (“OFAC”) released General License D-1. The effect of this new general license was to expand upon the authorizations provided for in General License D which … Continue reading

By now, most if not all of Sanction Law’s regular readers will have at least glanced at the guidance issued by the Office of Foreign Assets Control on the sanctions relief being provided to Iran as part of the implementation … Continue reading