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You are subscribed to SDN and/or Office of Foreign Assets Control (OFAC) Recent Actions updates for the U.S. Department of the Treasury.
The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) today announced a $1,044,781 settlement with a California-based manufacturer of machine tools and related parts regarding its potential civil liability for apparent violations of OFAC's Ukraine-/Russia-related sanctions. Between December 2019 and March 2022, Haas Automation, Inc. indirectly supplied one computer numerical control (CNC) machine, 13 orders of spare parts, and seven authorization codes for CNC machines owned by blocked Russian entities, thereby committing 21 apparent violations of Executive Orders 13661 and 13662. 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.
OFAC has issued Counter Terrorism General License 32, "Authorizing the Wind Down of Transactions Involving Yemen Kuwait Bank for Trade and Investment Y.S.C."
Additionally, OFAC has updated its Specially Designated Nationals and Blocked Persons 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.
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