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Editor’s Pick: The Long Arm of OFAC – How US Sanctions Impact Pretty Much Everyone

Talking Logistics

This post from Amber Road’s blog discusses the Office of Foreign Assets Control (OFAC) and how its enforcement arm reaches all. The post Editor’s Pick: The Long Arm of OFAC – How US Sanctions Impact Pretty Much Everyone appeared first on Talking Logistics with Adrian Gonzalez.

Picking 71
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Individuals, entities blocked for ties to Iranian airlines

247 Customs Broker

Office of Foreign Assets Control prohibits U.S. Office of Foreign Assets Control prohibits U.S. . Individuals, entities blocked for ties to Iranian airlines.

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Editor’s Pick: Using Denied Party Screening to Counter Cyber Threats

Talking Logistics

Office of Foreign Assets Control (OFAC) has long cited cyber criminals as prime candidates for black listing, it was only recently that the restrictions reached a level of operational maturity. watch lists. While the U.S. In this sense, a mature regulation is one that has moved beyond theory to functional practice.

Picking 60
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Global Trade Compliance is a Massive Undertaking for Big Shippers

Logistics Viewpoints

In the US, for example, the Office of Foreign Assets Control (OFAC) publishes lists of individuals and companies, and the addresses of those entities, owned or controlled by targeted countries. It also lists individuals, groups, and entities, such as terrorists and narcotics traffickers, that are not country specific.

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US accuses Russian forwarder Instar of breaking weapons sanctions

The LoadStar

The latest US Office of Foreign Assets Control (OFAC) designations, as well as the Bureau of Industry and Security entity list published today, named the forwarder and its customer service manager. Kalashnikov said it currently had a major focus on exporting, which could see other forwarders caught up in US regulations.

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Singaporean firms added to North Korean sanctions

247 Customs Broker

The Office of Foreign Assets Control has extended for a fourth time the expiration deadlines of three general licenses involving U.S. CFIUS pilot adds layer of export control. Related Articles. Business ties to Russian companies still not cut. business dealings in the oil and gas sector.

Freight 28
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Gaz could be sold to VW to avoid US sanctions

Automotive Logistics

Any deal involving Gaz Group’s assets must be agreed with the Office of Foreign Assets Control (OFAC) of the US Department of the Treasury, Kozak said. According to Kozak, the US sanctions against Gaz jeopardised nearly 50,000 workplaces.