OFAC ADDS TO ITS LIBYAN SANCTIONS LISTS

On 26th February, OFAC advised a number of new additions to its Specially Designated Nationals (SDN) list in connection with Libya.  The 6 new individuals include 4 nationals of Malta and 1 Egyptian.  It also added 24 entities, all but 2 from or linked to Malta (the other 2 are from Italy and Libya).  It also listed 7 vessels – with the names: Bonu 5, Marie de Lourdes, Marie de Lourdes I, Marie de Lourdes V, Progres, Theodoros and Zeus.

https://www.treasury.gov/resource-center/sanctions/OFAC-Enforcement/Pages/20180226.aspx

The Malta Independent reported on the listings –

Darren Debono and other Maltese persons have been listed by the US Treasury in a new round of sanctions targeting oil smugglers in Libya for reasons linked to the illicit production, refining, brokering, sale, purchase, or export of Libyan oil or for being owned or controlled by designated persons.

http://www.independent.com.mt/articles/2018-02-26/local-news/Darren-Debono-and-other-Maltese-listed-in-US-Treasury-sanctions-6736185349?src=ilaw

US TREASURY SANCTIONS INTERNATIONAL NETWORK SMUGGLING OIL FROM LIBYA TO EUROPE

The US Treasury also published a news release explaining the background to the new listings.  The people and companies are said to have been involved in the illicit production, refining, brokering, sale, purchase, or export of Libyan oil.

https://home.treasury.gov/news/press-releases/sm0298?src=ilaw

Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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