Another Restricted-Party List For Your OFAC Collection

Law360, New York (March 4, 2014, 8:15 PM EST) -- On Feb. 6, 2014, the U.S. Treasury Department’s Office of Foreign Assets Control published notice that it was listing 11 named parties as “foreign sanctions evaders,” pursuant to Executive Order 13608 (May 1, 2012) (the “FSE” list).

The action reflects new focus by OFAC on its authority to sanction individuals and entities determined by the U.S. government to have violated, attempted to violate, conspired to violate or caused to violate U.S. sanctions against Syria or Iran. U.S. persons and companies are prohibited from engaging in transactions...
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