NEW SYRIA SANCTIONS DESIGNATIONS FROM OFAC

On 29 July, OFAC announced the addition of 4 individuals and 10 entities to its Syria sanctions lists.  At the same time it removed 2 individuals form the lists. Those newly listed include an individual and 9 entities designated for allegedly enriching the Syrian regime through construction of luxury real estate, and as the second sanctions action pursuant to the Caesar Syria Civilian Protection Act of 2019 (the Caesar Act). OFAC has also highlighted a factsheet issued in April highlighting the most relevant exemptions, exceptions, and authorisations for humanitarian assistance and trade under the Syria, Iran, Venezuela, North Korea, Cuba, and Ukraine/Russia-related​ sanctions programmes – including in respect of PPE and other COVID-19-related humanitarian assistance and trade.

https://home.treasury.gov/news/press-releases/sm1072

https://www.treasury.gov/resource-center/sanctions/OFAC-Enforcement/Pages/20200729.aspx

https://www.treasury.gov/resource-center/sanctions/Programs/Documents/covid19_factsheet_20200416.pdf

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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