OFAC ADVISORY: ADVISORY AND GUIDANCE ON POTENTIAL SANCTIONS RISKS ARISING FROM DEALINGS IN HIGH-VALUE ARTWORK

On 30 October, OFAC issued this Advisory to highlight sanctions risks arising from dealings in high-value artwork associated with persons blocked pursuant to OFAC authorities, including persons on the OFAC List of Specially Designated Nationals and Blocked Persons (the SDN List).

https://home.treasury.gov/system/files/126/ofac_art_advisory_10302020.pdf

https://home.treasury.gov/policy-issues/financial-sanctions/recent-actions/20201030

I had omitted the following link (as it did not seem to generate much interest!), but it seemed time to add it again and say that, if you would like to make a (polite) gesture and help me with my removal and computer costs, I have a page 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 View all posts by raytodd2017