Secondary sanctions ofac
Web2 Jun 2024 · Search OFAC's Sanctions Lists; Sanctions Programs and Country Information; Recent Actions; OFAC License Application Page; Additional OFAC Resources; ... Secondary sanctions risk: Ukraine-/Russia-Related Sanctions Regulations, 31 CFR 589.201 and/or 589.209; Vessel Registration Identification IMO 1011331 (vessel) [UKRAINE-EO13661] … WebThe new secondary sanctions risk line references the following: "Ukraine-/Russia-Related Sanctions Regulations, 31 CFR 589.201 and/or 589.209" This means that secondary sanctions can be triggered ...
Secondary sanctions ofac
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Web22 Apr 2024 · Through secondary sanctions, OFAC can influence the actions of non-U.S. parties to prevent them from doing business with designated entities. It’s a way to punish parties with no clear connection to the U.S. for violations of a U.S. law – which, as lawyers, can be difficult to stomach. Web4 Apr 2024 · Notice of OFAC Sanctions Actions AGENCY: Office of Foreign Assets Control, Treasury. ACTION: Notice. SUMMARY: The Department of the ... Slovakia; Gender Male; …
Web25 Nov 2024 · Secondary sanctions, on the other hand, do not require a US connection and are imposed on non-US persons directly or indirectly engaged in certain significant transactions relating to Iran, Russia, North Korea, and Syria. ... Applying to OFAC for a temporary licence – it is common for sanctioned parties to apply for a licence permitting … Web11 Apr 2024 · Search OFAC's Sanctions Lists; Sanctions Programs and Country Information; Recent Actions; OFAC License Application Page; ... a.k.a. "AL-SHAMI, Abu Mahmud"), …
Web14 Oct 2024 · The Russia/Ukraine sanctions program is a complex mix of comprehensive, noncomprehensive and “sectoral” sanctions. It includes both primary sanctions aimed at … WebUS “Secondary” Sanctions Guidance . On September 30, 2024, OFAC issued FAQ . 1091, signaling its willingness to use “secondary” sanctions to enforce its Russia sanctions …
Web16 Sep 2024 · Secondary sanctions typically target economic sectors of the targeted country (e.g. the oil and gas or shipping sectors), and apply to transactions with SDNs in …
Web25 Jun 2024 · Meanwhile, OFAC has continued to add Russian entities to its list of targets of secondary sanctions. This can have a significant impact on European companies, as … honda sh vietnamWeb17 Sep 2024 · Search OFAC's Sanctions Lists; Sanctions Programs and Country Information; Recent Actions; OFAC License Application Page; ... Nabatieh, Lebanon; DOB 26 Jan 1967; citizen Lebanon; Additional Sanctions Information - Subject to Secondary Sanctions Pursuant to the Hizballah Financial Sanctions Regulations; Gender Male; National ID No. … honda side by side parts free shippingWebOFAC does not provide recommendations with regard to the appropriateness of any specific confidence rating. Sanctions List Search is one tool offered to assist users in utilizing the SDN List and/or the various other sanctions lists; use of Sanctions List Search is not a substitute for undertaking appropriate due diligence. honda side by side four seaterWeb31 Dec 2024 · The threat of secondary sanctions by OFAC related to Iran has made the world acutely aware of OFAC’s sanctions. Secondary sanctions have subsequently been levied against entities engaging in business with other sanctioned counties including North Korea, and Venezuela. The power and enforcement of secondary sanctions is clear, abide … honda side by side pioneer 500Web11 Apr 2024 · Search OFAC's Sanctions Lists; Sanctions Programs and Country Information; Recent Actions; OFAC License Application Page; ... a.k.a. "AL-SHAMI, Abu Mahmud"), Syria; DOB 1973; POB Amman, Jordan; nationality Jordan; Gender Male; Secondary sanctions risk: section 1(b) of Executive Order 13224, as amended by Executive Order 13886; Passport … honda side by side pioneer 700WebExtraterritorial Application. While the UK government was concerned with ensuring the continuity of existing EU sanctions regimes so that they continued in effect in UK law following the end of the Brexit transition period, various changes were introduced in the run-up to Brexit, including the scope of existing sanctions which impact the extra-territorial … honda side by side seaterWeb9 Jul 2015 · The secondary sanctions system exposes many European entities to the possibility of being sanctioned, as Iran’s greatest commercial partners are mainly located in Europe; indeed since the last 15 years the trade in goods between Iran and the European Union has been increasing and currently amounts to around 5 billion Euro per year. honda side by side moncton