OFAC ADDITIONS AND DELETIONS TO IRAN SANCTIONS LISTS AND 2 DELETIONS FROM VENEZUELA SANCTIONS LISTS

On 4th November, OFAC added the ARMED FORCES GENERAL STAFF (aka GENERAL STAFF OF IRANIAN ARMED FORCES; AFGS), and 9 individuals to its Iranian sanctions lists.  At the same time the MONSOON NAVIGATION CORPORATION, a Marshall Islands company, and the Panama-flagged oil tanker OCEAN ELEGANCE have been removed from the OFAC Venezuela sanctions lists.

The Iranian changes target Iran’s Armed Forces General Staff and 9 individuals who are appointees of, or have acted for or on behalf of, Ali Khamenei, the Iranian Supreme Leader, are said to be to block funds from flowing to a shadow network of Ali Khamenei’s military and foreign affairs advisors.

https://www.treasury.gov/resource-center/sanctions/OFAC-Enforcement/Pages/20191104.aspx

https://home.treasury.gov/news/press-releases/sm824

This blog is primarily for my own use, to keep informed and up to date. However, if you would like to say thank you (and perhaps help me get a new, better laptop when I am away…) you can “buy me a coffee” at https://www.buymeacoffee.com/KoIvM842y

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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