President Trump authorizes the Secretary of the Treasury, in coordination with the Secretary of State, to administer the Global Magnitsky Act. The Act aims to impose economic sanctions on persons responsible for massive human rights violations and significant acts of corruption.Read More
Yet again, the U.S. has renewed its ongoing sanctions relief under the Iran Nuclear Deal (so-called JCPOA). As we all know, especially after President Trump’s speech at the UN, the current U.S. Administration is no…
On 21 September 2017, the White House published President Trump’s newest new Executive Order, which widens U.S. sanctions against North Korea.
On 06 September 2017, the U.S. Department of Justice announced that it’s broadening the ongoing investigation into Turkish violations of U.S. Iran sanctions. The investigation includes a probe into the conduct of a former Turkish Minister of the Economy who allegedly received bribes and kick-backs to conceal U.S. Iran related sanctions violations.
The UN watchdog IAEA has yet again reported that Iran is adhering to it’s commitments under the Iran nuclear deal (JCPOA). This report contradicts President Trump’s assertions that Iran is non-compliant with it’s JCPOA obligations.
North Korea conducts sixth nuclear test in violation of UN Security Council sanctions. International community posed to impose stronger sanctions?
On 09 August 2017, Mexican soccer legend Rafael Márquez was blacklisted by the U.S. Treasury Department’s Office of Foreign Assets Control (OFAC). He was placed on the Specially Designated Nationals List), under the Foreign Narcotics Kingpin Designation Act (Kingpin Act). As a SDN, persons subject to U.S. jurisdiction are prohibited from doing any business with the soccer giant.
On 02 August 2017, President Trump, signed the Countering America’s Adversaries Through Sanctions Act. This bill was sponsored by the U.S. Congress, which overwhelmingly voted for a fresh wave of sanctions against Iran, North Korea and the Russian Federation.
On 26 July 2017, OFAC imposed a new wave of sanctions against Venezuela. The OFAC action blacklists 13 current or former senior officials of the Venezuelan Government that the U.S. Government holds responsible for the undermining of democracy, violence against opposition protesters and corruption. As a result, all assets of these individuals subject to U.S. jurisdiction are frozen, and U.S. persons are prohibited from dealing with them.
On 29 June 2017, the U.S. Department of the Treasury announced that the Bank of Dandong, a Chinese bank, is a foreign bank of primary money laundering concern under Section 311 USA Patriot Act). Furthermore, the Treasury’s Office of Foreign Assets Control blacklisted two Chinese individuals and one Chinese company in response to North Korea’s ongoing WMD development and continued violations of UN Security Council resolutions.