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Editors

Harry Cassin
Publisher and Editor

Andy Spalding
Senior Editor

Jessica Tillipman
Senior Editor

Bill Steinman
Senior Editor

Richard L. Cassin
Editor at Large

Elizabeth K. Spahn
Editor Emeritus

Cody Worthington
Contributing Editor

Julie DiMauro
Contributing Editor

Thomas Fox
Contributing Editor

Marc Alain Bohn
Contributing Editor

Bill Waite
Contributing Editor

Shruti J. Shah
Contributing Editor

Russell A. Stamets
Contributing Editor

Richard Bistrong
Contributing Editor

Eric Carlson
Contributing Editor

Lindsay Columbo: What fuzzy logic can (and can’t) do for due diligence

In 2015 OFAC penalized the National Bank of Pakistan for apparent violations of U.S. sanctions programs resulting from a software failure. According to OFAC, the bank’s New York branch processed wire transfers after its sanction screening tool failed to detect the name of the account — LC Air company Kyrgyztransavia — as belonging to Kyrgyz Trans Avia, a blocked entity.Continue Reading

OFAC adds five to Magnitsky sanctions list

The Treasury Department’s Office of Foreign Assets Control added four Russians and a Chechen to its list of those sanctioned under the Magnitsky Act for alleged human rights abuses.

The most prominent name on Wednesday’s list was the head of the Russian republic of Chechnya, Ramzan Kadyrov.… Continue Reading

OFAC fines paper company for illegal exports from Canada

The Treasury Department’s Office of Foreign Assets Control fined a Connecticut-based company Thursday for exporting paper from Canada to Sudan.

BD White Birch Investment LLC, known as White Birch USA,  paid $372,465 to settle allegations that it violated U.S.… Continue Reading

OFAC adds Singapore companies, others to North Korea sanctions list

The U.S. Treasury Department’s Office of Foreign Assets Control Tuesday put more entities and individuals from China, Russia, Singapore and Namibia on the North Korea sanctions list.

OFAC said the blocked companies and people bought coal, minerals or oil from North Korea or supported its weapons programs.… Continue Reading

OFAC issues new FAQs for Cuba sanctions

The Treasury Department’s Office of Foreign Assets Control published Frequently Asked Questions on President Trump’s Cuba announcement.

The biggest change will be new regulations to end so-called individual people-to-people travel. Group people-to-people travel will still be authorized.… Continue Reading