Tweet Lawyer added to OFAC List The U.S. Department of the Treasury has designated a lawyer, Jose Antonio Nunez Bedoya, to its Specially Designated Nationals List (“SDNL“). Mr. Bedoya was added to the SDNL for incorporating several companies on behalf of members of Mexican organized crime, the Sinaloa Cartel, in an effort allegedly to create […]
Tweet Mafia funds must be frozen The U.S. Department of the Treasury today added several members of the Camorra mafia to its Specially Designated Nationals List (“SDNL“). As a result of the designation to the SDNL, all property (money, securities, and other property) of the designated Camorra in the U.S. or in the possession or […]
Tweet Another foreign bank doing business in the US has agreed to settle with the New York State Department of Financial Services (“NYDFS“) over allegations that it violated federal economic sanctions. The Bank of Tokyo-Mitsubishi UFJ, Ltd., Japan’s largest bank, has agreed to pay US$250 million to the NYDFS to settle allegations that it provided […]
Tweet New Sanctions Against Iran The government of Canada today announced the imposition of new sanctions against Iran as a result of the lack of progress with the reduction of Iran’s nuclear program. Effective today, Canada banned all exports from and imports to Iran, and added more entities and individuals to the list of designated […]