OFAC PUBLISHES 2 NEW FAQ RELATING TO COUNTERING AMERICA’S ADVERSARIES THROUGH SANCTIONS ACT (CAATSA) AND AMENDS 2 OTHERS

On 5 January, OFAC issued 2 new FAQ 869 (Do the same non-blocking sanctions apply to entities owned 50 percent or more by the listed person?) and 870 (re persons on the Non-SDN Menu-Based Sanctions List – the NS-MBS List – with indications that the person was subject to the loan and credit-related sanction) re Ukraine/Russia-related sanctions.  It also amended FAQ 545 (definitions) and 546.

https://content.govdelivery.com/accounts/USTREAS/bulletins/2b436b5

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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