OFAC SANCTIONS CHANGES – TERRORISM, YEMEN, RUSSIA, VENEZUELA UPDATES AND NEW GENERAL LICENCES AND FAQ

On 19 January, OFAC advised the following changes to its sanctions regimes –

  • State Department designated Ansarallah as a Foreign Terrorist Organization  and as a Specially Designated Global Terrorist, and it has been added to the SDN & Blocked Persons List;
  • It also designated three of Ansarallah’s leaders as Specially Designated Global Terrorists;
  • OFAC issued 4 General Licenses – 9 Official Business of the United States Government; 10 Official Activities of Certain International Organizations;  11 Certain Transactions in Support of Nongovernmental Organizations’ Activities in Yemen; and 12 Transactions Related to the Exportation or Reexportation of Agricultural Commodities, Medicine, Medical Devices, Replacement Parts and Components or Software Updates;
  • 3 related FAQ which, with the Licenses, are said to be to help facilitate the uninterrupted flow of humanitarian assistance, including COVID-19-related assistance, and certain other critical commodities to the people of Yemen that would otherwise be prohibited pursuant to authorities administered by OFAC;
  • 3 individuals added to SDN List (a Swiss, Italian and a Venezuelan national);
  • 16 entities are added to the SDN List, including Ansarallah (see above);
  • 7 vessels were added to the SDN List (including Russian ship Fortuna, currently engaged in building the Nord Stream 2 pipeline); and
  • 3 existing entries for individuals are amended.

The 3 individuals, 14 of the entities, and 6 of the vessels are designated for their ties to a network attempting to evade US sanctions on Venezuela’s oil sector, including Swissoil, which is based in Geneva.

https://home.treasury.gov/policy-issues/financial-sanctions/recent-actions/20210119

https://home.treasury.gov/news/press-releases/sm1239

 

 

If you would like to make a (polite) gesture and make a (very) modest contribution to my ongoing with my relocation, 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

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