OFAC ADDS NEW NAMES TO ITS SANCTIONS LISTS

On 21 August, OFAC add 2 Russian individuals, 3 Russian shipping and logistics companies and 1 Slovakian company to its list of designated persons and entities.  It also added 6 Russian-flagged vessels said to be linked to one of the Russian companies – GUDZON SHIPPING CO LLC.

https://www.treasury.gov/resource-center/sanctions/OFAC-Enforcement/Pages/20180821.aspx

https://www.wsj.com/articles/u-s-treasury-sanctions-russian-firms-for-allegedly-helping-north-korea-1534860141

The Trump administration has levied new sanctions against Russian firms it accused of violating trade bans on North Korea and breaches of US laws against co-operation with Russia’s intelligence services.

https://home.treasury.gov/news/press-releases/sm462

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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