Bis ofac jurisdiction
WebSep 17, 2024 · OFAC added a definition of a qualifying “self-employed individual” in 31 CFR §515.340. Donative remittances (31 CFR §515.570(b)): OFAC removed the general license authorizing persons subject to US jurisdiction to make certain donative remittances to Cuban nationals. WebJun 9, 2024 · North Korea Syria Russia Belarus Crimea, Donetsk, and Luhansk regions of Ukraine It should be noted that although these specific countries are the only countries that currently have comprehensive sanctions placed upon them, the list can grow or shrink based on actions taken by the U.S. federal government.
Bis ofac jurisdiction
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WebDec 14, 2024 · OFAC publishes lists of individuals and companies owned or controlled by, or acting for or on behalf of, targeted countries. It also lists individuals, groups, and … WebThe Office of Foreign Assets Control ("OFAC") of the US Department of the Treasury administers and enforces economic and trade sanctions based on US foreign policy and …
WebSep 4, 2024 · On August 11, 2024, the Department of the Treasury’s Office of Foreign Assets Control (OFAC) issued a new guidance document, the Sudan Program and Darfur Sanctions Guidance (“Sudan Guidance”), which clarifies the current status of sanctions and export controls that apply to Sudan and the Government of Sudan. WebApr 11, 2024 · OFAC and BIS have imposed $3.3 million in civil penalties against Microsoft Corporation for alleged and apparent violations of US export controls and sanctions. Press Release, OFAC Enforcement Release, BIS Order, Settlement Agreement and Proposed Charing Letter. OFAC On behalf of itself and its subsidiaries Microsoft Ireland Operations …
WebOFAC has also implemented sanctions specific to energy production activities, including those related to providing services for such activities. Any questions regarding OFAC’s sanctions should be directed to OFAC. ... BIS does not have jurisdiction over the import of items into the United States. However, you should consult other lists ... WebMar 30, 2024 · Early in March 2024, three executive branch agencies – the US Department of Justice (DOJ), the US Treasury Department’s Office of Foreign Asset Control (OFAC), and the US Department of Commerce’s Bureau of Industry and Security (BIS) – announced coordinated efforts to surge resources and penalize Russia for its ongoing illegal war in ...
WebDec 5, 2024 · Accordingly, those seeking Iran-related exports should consider when and how to engage the US Department of State, in addition to OFAC and/or BIS. The State Department has always played a critical role in approving or denying license applications to OFAC that have foreign policy implications, as licenses for Russia, Iran, China, and other …
WebFeb 27, 2024 · The Treasury and State Departments announced new sanctions against additional actors in the Russian defense and technology sectors, including individuals and entities “responsible for backfilling Russian stocks of sanctioned items or enabling Russian sanctions evasion.”. OFAC also announced several actions against Belarusian … irs agency phone numberWeb“EAR and OFAC Fundamentals: Export Control of Dual-Use Equipment, Technology and Services,” includes coverage of the U.S. Export Administration Regulations (EAR) the … irs agent al caponeWebOFAC has determined that this issue is outside of its control. Since OFAC communicates with applicants via email, OFAC recommends that applicants include an alternative email … irs agent addportable induction cooktop macy\u0027sWebMar 2, 2024 · On February 24, 2024, US Office of Foreign Assets Control (OFAC) has issued an amended Specially Designated Nationals and Blocked Persons List (SDN list) and, inter alia, a sectoral Determination that we have covered in our recent publication, thus updating its sanctions regime. irs age of retirementWebFeb 25, 2024 · The US Commerce Department’s Bureau of Industry and Security (“ BIS “) issued four final rules imposing further export control measures under the Export Administration Regulations (“ EAR “), including licensing requirements on a number of household and other items, and added 76 individuals and entities to the Entity List for … portable induction cooktop serious eatsWebDec 31, 2014 · Cooperating governments are those listed in Country Group A:1 (Supplement No. 1 to part 740 of the EAR) as well as the governments of Argentina, Austria, Finland, Hong Kong, Ireland, the Republic of Korea, New Zealand, Singapore, Sweden, Switzerland, Singapore, and Taiwan. irs age limitation to contribute to an ira