Archive for the ‘Cuba’ Category
Tuesday, September 7th, 2010 by John Black
BIS Expands Controls on Foreign-Made Products and Changes TSR Written Assurance
In the July 30, 2010, Federal Register the Bureau of Industry and Security (BIS) published a revision to the Export Administration Regulations (EAR) that does two things. First, it changes the requirements for what has to be in the written assurance for exports and reexports under License Exception TSR. Second, it changes the destination countries for which the EAR asserts jurisdiction for foreign-made direct products of US technical data or software. (more…)
Posted in BIS, CCL, Commerce Dept, Commerce Dept, Cuba, EAR, Export License, Iran, North Korea, Sudan, Syria | Comments Off
Friday, April 16th, 2010 by John Black
Well, maybe I should take credit for this one. After all, I wrote that article “Fortunate Failing of US Embargo on Iran.” I said I was happy that the US embargo against sending everything to Iran did not prevent the Iranian people from sending instant messages, talk on cell phones, etc. when they were protesting the election in Iran in June 2009. (more…)
Posted in BIS, Cuba, EAR, Export License, Iran | Comments Off
Friday, February 19th, 2010 by Danielle McClellan
OFAC recently announced its largest sanctions policy ever…$536 million. Credit Suisse AG, a Switzerland-based bank agreed to the momentous fine after processing 5,000 electronic funds transfers (EFTs) on behalf of banks and individuals in Cuba, Iran, Sudan, and Burma among other countries. (more…)
Posted in Burma/Myanmar, Cuba, Denied & Restricted Parties, Export License, Finance & Banking, Iran, OFAC, Sanctions, Sudan, Violations & Fines, Violations & Fines | Comments Off
Thursday, October 22nd, 2009 by Danielle McClellan
It’s time for a change, the new administration is taking the first steps to opening up the communications between the US and Cuba. “US policy toward Cuba is not frozen in time. It’s not frozen in time today,” Press Secretary Robert Gibbs said. According to the White House release President Obama has announced the following orders to secretaries of state, treasury, and commerce: (more…)
Posted in BIS, Cuba, OFAC, Sanctions | Comments Off
Sunday, August 30th, 2009 by Danielle McClellan
The Australia and New Zealand Banking Group, Ltd. will be remitting $5,750,000 to settle allegations that it violated the Sudanese Sanctions and Regulations and the Cuban Assets Control Regulations. This settlement involves 16 transactions totaling $28 million involving violations of the Sudanese sanctions and 15 transactions worth $78 million with regard to the Cuban sanctions. (more…)
Posted in Cuba, Embargoes, OFAC, Sudan, Violations & Fines | Comments Off
Friday, July 10th, 2009 by Danielle McClellan
On July 10, 2009, the Senate Appropriations Committee approved legislation that would remove restrictions on exports of agricultural and medical goods to Cuba. The House version of the legislation is said to have a similar provision. (more…)
Posted in Cuba, Export License, Sanctions | Comments Off
Monday, June 1st, 2009 by Danielle McClellan
OFAC issued its June 2009 report of civil penalties imposed for alleged violations of the sanctions regimes administered by OFAC. The following penalties were reported: (more…)
Posted in Cuba, Iran, OFAC, Sanctions, Sudan | Comments Off
Monday, May 18th, 2009 by Danielle McClellan
The Department of State has recently published the countries that are not cooperating fully with the US antiterrorism efforts. These countries are Cuba, Eritrea, Iran, Democratic People’s Republic of Korea (North Korea), Syria, and Venezuela.
Whatever you do, please do not confuse this list of “countries not cooperating fully with US antiterrorism efforts” with the list of terrorism supporting countries.
More information:
Posted in Cuba, Iran, North Korea, State Dept, Syria, Terrorism, Venezuela | Comments Off
Monday, May 18th, 2009 by Danielle McClellan
OFAC recently amended the Terrorism List Governments Sanctions Regulations to remove Iraq, Libya, and North Korea from the list of countries designated as supporting international terrorism. Cuba, Iran, Sudan and Syria will remain on the list. This change is effective May 18, 2009.
Posted in Cuba, Iran, Iraq, Libya, North Korea, OFAC, Sanctions, Sudan, Syria | Comments Off
Tuesday, May 5th, 2009 by Danielle McClellan
On May 20, 2009 a bill was introduced to promote and facilitate US exports of agricultural goods to Cuba. The bill also would lift the current no travel to Cuba ban on US citizens and legal residents traveling to Cuba. Finance Committee Chairman, Max Baucus explained that, “it’s a fact that our current trade and travel sanctions aren’t working…a recent International Trade Commission report finding that removing export restrictions could increase the annual US share of Cuba’s agriculture imports to nearly 65% and boost US agricultural sales by more than $450 million.”
The press release explains that the new bill will include the following provisions: (more…)
Posted in BIS, Cuba, Export License, OFAC, Sanctions | Comments Off
