| Having trouble viewing this email? View it as a Web page.
You are subscribed to SDN and/or Office of Foreign Assets Control (OFAC) Recent Actions updates for the U.S. Department of the Treasury.
Last night, the President signed a new Executive Order (E.O.), "Taking Additional Steps with Respect to the Situation in Syria." Today, the President signed another new E.O., "Strengthening and Promoting Innovation in the Nation's Cybersecurity."
The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) today announced a $1,076,923 settlement with a Miami, Florida-based natural U.S. person and their real estate company Family International Realty LLC regarding their potential civil liability for apparent violations of OFAC's Ukraine-/Russia-related sanctions. Between 2018 and 2023, Family International Realty and its owner engaged in a willful scheme to evade OFAC sanctions by concealing the property interest of two sanctioned Russian oligarchs in luxury condominiums and profiting from the rental and sale of the properties, thereby committing 73 apparent violations of Executive Order 13685. The settlement amount reflects OFAC's determination that the conduct at issue was egregious and was not voluntarily self-disclosed. For more information, please visit the following Enforcement Release.
Additionally, OFAC has updated its Specially Designated Nationals and Blocked Persons (SDN) List. Please visit this page to access the latest version of the SDN list. Check this page periodically as it may also be updated if a new list-related format or product is offered.
Please visit this link for more information on today's update. |
