US Sanctions

The Office of Foreign Assets Control (OFAC) of the US Department of the Treasury administers and enforces economic and trade sanctions based on US foreign policy and national security. Such action target specific countries, regimes, terrorists, international narcotics traffickers, those engaged in activities related to the proliferation of weapons of mass destruction, and other threats to the national security, foreign policy or economy of the United States.

Some recent action by the US include the coming into force of the Comprehensive Iran Sanctions, Accountability and Divestment Act of 2010 (CISADA) and the enactment of the National Defence Authorization Act for Fiscal Year 2012. These measures target foreign banks that knowingly carry out transactions in breach of Iran-related United Nations Security Council Resolutions (UNSCR) and of the Iranian Financial Sanctions Regulations (IFSR).

Reference should be made to notices issued by the US Treasury and consideration given to the Specially Designated Nationals list. This lists individuals and entities, designated under various programs, whose assets are blocked and with whom US citizens are not allowed to trade.

Hereunder is a selection of notices and measures issued by the US department of the Treasury in relation to international sanctions. For more comprehensive and up to date information, and a complete list of restrictive measures undertaken by the USA please refer directly to the OFAC website.

Treasury Sanctions – International Network Smuggling Oil from Libya to Europe

Treasury Sanctions Actions Targeting Syrian Official Responsible for Human Rights Abuses in Syria and Regime Supporters and Officials
Additional Sanctions with respect to Iran
United States Increases Sanctions Against the Government of Iran and its Proliferation Networks; Treasury and State Department Actions Target More Than 50 Entities Tied to Iran's Procurement, Petroleum, and Shipping Networks
Increasing Sanctions Against Iran
U.S. designation of five additional individuals associated with the international criminal enterprise known as the “Brothers’ Circle” for sanctions under Executive Order (E.O.) 13581, which imposes economic sanctions on four significant Transnational Criminal Organizations (TCOs) - the Yakuza, the Brothers' Circle, the Camorra, and Los Zetas.
US Department of the Treasury designates Syria International Islamic Bank (SIIB) pursuant to Executive Order (E.O.) 13382
Prohibiting Certain Transactions with and Suspending Entry into the United States of Foreign Sanctions Evaders with Respect to Iran and Syria" ("the FSE E.O."), which targets foreign individuals and entities that have violated, attempted to violate, conspired to violate, or caused a violation of U.S. sanctions against Iran or Syria, or that have facilitated deceptive transactions on behalf of persons subject to U.S. sanctions concerning Syria or Iran
Blocking the Property and Suspending Entry into the United States of Certain Persons with Respect to Grave Human Rights Abuses by the Governments of Iran and Syria Via Information Technology" ("the GHRAVITY E.O."), The E.O. targets persons determined to have operated, or to have directed the operation of, information and communications technology that facilitates computer or network disruption, monitoring, or tracking that could assist in or enable serious human rights abuses by or on behalf of the Government of Syria or the Government of Iran. It also targets those persons determined to have sold, leased, or otherwise provided, directly or indirectly, goods, services, or technology to Iran or Syria likely to be used to facilitate computer or network disruption, monitoring, or tracking that could assist or enable serious human rights abuses by or on behalf of the Government of Syria or the Government of Iran.
National Defence Authorization Act for Fiscal Year 2012
Use of Alias by EU-sanctioned Iranian Entity “Neka Novin”
U.S. Designation of Transnational Organised Criminal Elements under Presidential Executive Order 13581
U.S. Designation of ten Entities and one Individual associated with Irisl and Irano Hind Shipping Company Under Executive Order 13382
U.S. Designation of Individuals and Entity for Domestic Sanctions Under Executive Order 13324
Us Treasury sanctions five Individuals tied to Iranian plot to assassinate the Saudi Arabian ambassador to the United States
Designation of additional Al-Qaida members
Fact Sheet: US Imposes Sanctions on Foreign Entities
Fact Sheet: Companies Sanctioned under Iran Sanctions Act
Fact Sheet: Companies Reducing Energy-Related Business with Iran
Blocking Property of Certain Persons With Respect To North Korea
US Sanctions Against Libya.

US Financial Crimes Enforcement Network (“FinCEN”) advisory regarding Democratic People’s Republic of Korea
US Department of the Treasury , Office of Foreign Assets Control ("OFAC") updated Specially Designated Nationals List (SDN lists)
Treasury Targets Iran's Islamic Revolutionary Guard Corps
Designation of Individual under UNSCR 1267
Designation under UNSCR 1844 and US EO 13536-Somalia explanation
Designation under UNSCR 1844 and USEO 13536 ID data
Fact Sheet: US Treasury Department targets Iran’s nuclear and missile programs