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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 United States Department of the Treasury's Office of Foreign Assets Control (OFAC) published a featured story detailing its enhanced partnership with the United Kingdom's Office of Financial Sanctions Implementation (OFSI).
In addition, OFAC and OFSI have published a joint guidance document to assist the private sector in understanding its obligations under both the U.S. and UK sanctions regimes, this guidance compares key aspects of both regimes and highlights key similarities and differences. This comparison focuses specifically on topics such as sanctions lists, available licenses, and recordkeeping and reporting requirements. While this guidance provides a general overview of key concepts, you are encouraged to review the most relevant OFAC or OFSI guidance or regulations to address specific questions or concerns.
OFAC also is issuing TCO General License 2, "Authorizing the Wind Down of Transactions Involving CCU Commercial Bank Plc."
Lastly, 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.
Please visit this link for more information on today's update. |
