Source: U.S. Department of the Treasury – OFAC OFAC updated the Frequently Asked Questions Relating to the Lifting of Certain U.S. Sanctions Under the Joint Comprehensive Plan of Action, adding two FAQs related to Financial and Banking Measures (C.15 and C.16) and nine FAQs related to Foreign Entities Owned or Controlled by U.S. Persons (K.14 […]

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Source: The New York Times With private cybersecurity firms linking North Korea to recent computer attacks that absconded with at least $81 million, the Treasury Department moved on Wednesday to choke off Pyongyang’s remaining access to the global financial system, designating the country a “primary” money launderer. The Treasury, employing sanctions techniques that helped pressure […]

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Source: U.S. Department of the Treasury – OFAC On May 5, 2016, the United States Department of the Treasury, Office of Foreign Assets Control (OFAC) designated Abdul Mohamed Waked Fares, Mohamed Abdo Waked Darwich, Grupo Wisa, S.A., and the Waked Money Laundering Organization as Specially Designated Narcotics Traffickers (SDNTs) pursuant to the Foreign Narcotics Kingpin […]

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