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Editors

Harry Cassin
Publisher and Editor

Andy Spalding
Senior Editor

Jessica Tillipman
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

Bill Steinman
Contributing Editor

Think the Cuba sanctions ended? Better read this

The Treasury Department’s Office of Foreign Assets Control published a new set of questions and answers Thursday about the sanctions on Cuba. OFAC’s answers will surprise a lot of people.

President Obama announced a lifting of sanctions in late 2014.… Continue Reading

OFAC adds five to Magnitsky sanctions list

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

With the names added Monday, OFAC has now listed 39 people subject to travel bans and asset freezes under the Magnitsky Act.… Continue Reading

Nina Mohseni: Iran sanctions lifted! But wait…which sanctions?

U.S. Secretary of State John Kerry with Iranian Foreign Minister Mohammad Javad Zarif (State Department photo) If you’re a U.S. company — unless you’re a food, medicine/medical supplies, or civil aircraft/parts supplier — you still cannot have anything to do with Iran, even after the so-called lifting of sanctions as part of the nuclear accord known as the Joint Comprehensive Plan of Action.… Continue Reading

Sunday action: U.S. sanctions eleven for Iran ballistic missile program

The U.S. Treasury Department’s Office of Foreign Assets Control imposed new sanctions Sunday against eleven people and companies allegedly involved in Iran’s ballistic missile program. The action came one day after President Obama lifted sanctions on Iran’s nuclear program and hours after a prisoner swap between Washington and Tehran.… Continue Reading

Nina Mohseni: Treasury amends Cuba sanctions again, but embargo remains

Secretary of State John Kerry in a vintage Chevy Impala in Old Havana on August 15, 2015 (State Department photo)The Treasury Department’s Office of Foreign Assets Control (OFAC) has amended the Cuba sanctions regulations for the second time this year. 

While many of the amendments, which went into effect last Monday September 21, reflect nothing more than some fine-tuning and expansion of the January 16 amendments, here is a glimpse of the changes that affect business and trade. 

Americans and those located in the U.S.… Continue Reading

Resource alert: OFAC 2015 fall symposium (September 22)

The 2015 OFAC Fall Symposium will be held in Washington, DC on September 22, 2015.

The symposium will provide a comprehensive review of current U.S. economic sanctions.

It will include presentations on OFAC regulations, as well as targeted reviews of sanctions concerns for new and updated OFAC-administered programs.… Continue Reading

Sanctions compliance: OFAC statement about the Iran action plan

Image courtesy of the White House via YouTubeStatement Relating to the July 14, 2015 Announcement of a Joint Comprehensive Plan of Action Regarding the Islamic Republic of Iran’s Nuclear Program:

On July 14, 2015, the P5 + 1 and Iran reached a Joint Comprehensive Plan of Action (JCPOA) to ensure that Iran’s nuclear program will be exclusively peaceful.… Continue Reading