Weekly News Digest - October 4

September 24 — OFAC Publication of Regulatory Amendments; Publication of Report for Licensing Activities Undertaken Pursuant to the Trade Sanctions Reform and Export Enhancement Act: OFAC consolidated sanctions-enforcement and penalty procedures into new Sanctions Penalties Regulations and published its TSRA licensing report.

September 28 — Issuance of Amended Venezuela General Licenses: OFAC amended three general licences covering Venezuelan-origin oil and petrochemical products, specified supplies and services, and contingent investment contracts.

September 29 — Counter Narcotics, Counter Terrorism, Iran-related, and Non-Proliferation Designations: OFAC sanctioned Sinaloa Cartel leadership and facilitators alongside individuals and companies involved in procuring weapons and components for Iran’s defence establishment.

September 29 — Publication of Regulatory Amendments; Publication of Cuba Sanctions Regulations; Issuance of New and Amended Cuba-related FAQs; Publication of Cuba-related OFAC Alert: OFAC reorganized multiple regulatory provisions, amended the Iran sanctions regulations and published revised Cuba regulations, compliance guidance and related FAQs. 

September 30 — Counter Terrorism and Transnational Criminal Organizations Designations; Belarus, Counter Narcotics, and Libya Designations Removals: OFAC designated members and financial facilitators of Tren de Aragua while removing specified persons from several other sanctions programmes. 

October 1 — Iran-related Designations and Updates; Transnational Criminal Organizations Designation; Iran-related Determination and Amended FAQ: OFAC designated the A7 Network and Iranian industrial networks, extended sectoral sanctions to Iran’s automotive and rail industries and amended Iran-related guidance. 

October 2 — Counter Terrorism Designations: OFAC designated a Hamas military-wing member, two France-based individuals and two affiliated nonprofit entities accused of providing financing to Hamas.

FinCEN
October 1 — Proposal of Special Measure Prohibiting the Transmittal of Funds Regarding Transactions Involving the A7 Network’s Sub-Agents
FinCEN proposed prohibiting covered financial institutions from transmitting funds involving identified A7 Network sub-agents because of money-laundering concerns. 

INTERPOL
September 25 — INTERPOL Americas Conference Strengthens Collective Response to Organized Crime: Regional law-enforcement leaders adopted recommendations for stronger cooperation and information sharing against illicit financial flows and transnational organized crime.