The Treasury’s Office of Foreign Assets Control submitted to Congress its annual report on assets held in the U.S. by terrorism-supporting countries and agencies. The report, released May 29, describes U.S. sanctions regimes and details the number of designated individuals, entities and countries designated by each regime as of Dec. 31, 2018. It also includes a list of blocked funds in the U.S. associated with the Specially Designated Global Terrorists, Specially Designated Terrorists and Foreign Terrorist Organization programs, as well as a similar list of blocked funds associated with three state sponsors of terrorism: Iran, Syria and North Korea.
Travelex Ltd., a currency-exchange company, was fined about $12,600 for violating the European Union’s Egypt financial sanctions regime, the United Kingdom’s Office of Financial Sanctions Implementation said in a May 24 press release. The company “dealt with funds” of about $250 “belonging to a person designated” by the sanctions, the OFSI said in an enforcement notice.
The United Nations Security Council removed Mazen Salah Mohammed from its ISIL (Da’esh) and Al-Qaida Sanctions List, lifting an assets freeze, travel ban and arms embargo, according to a May 21 U.N. press release. The sanctions were lifted after the Security Council Committee received a “delisting request” for Mohammed, an Iraqi national, by the “designating State," the press release said. The U.N. lists Mohammed as a member of Ansar Al-Islam, a Sunni Muslim militant group based in Iraq.
A member of Syria’s ruling family forfeited more than $30 million from her United Kingdom bank account after an investigation by the U.K.’s National Crime Agency revealed the money was the result of an evasion of European Union financial sanctions, according to a May 21 press release. NCA said the money, transferred via 56 “cash deposits” across England, was “consistent with the use of an informal value transfer system which may result in the laundering of criminal cash.” The activity violated EU sanctions designed to “restrict the use and availability of Syrian regime funds,” the press release said.
The Treasury’s Office of Foreign Assets Control announced sanctions on Argentina-based Goldpharma, which it called a drug trafficking and money laundering organization, and several of its members, Treasury said in a May 23 notice. In total, OFAC designated the company, eight Argentine nationals and 16 other entities under the Foreign Narcotics Kingpin Designation Act for operating as “significant foreign narcotics” traffickers and contributing to the “synthetic opioid crisis,” Treasury said.
The United Kingdom published its 2019 Cyber Attacks (Asset Freezing) Regulations, which will impose new European Union sanctions announced May 17. The sanctions regime, established by the EU Council, allows the EU to “impose targeted restrictive measures to deter and respond to cyber-attacks” that “constitute an external threat” to the EU, according to the announcement. The regime also allows the EU to sanction people or entities who provide “financial, technical or material” support for cyber-attacks or “who are involved in other ways.” Sanctions include travel bans and asset freezes.
The State Department designated 22 people, entities or their subsidiaries under the Iran, North Korea, and Syria Nonproliferation Act for trading goods that may be used for weapons of mass destruction or ballistic missile systems, the department said in a Federal Register notice to be published May 22. The additions include people and entities associated or located in China, Iran, Russia and Syria.
Secretary of Energy Rick Perry said Congress will soon pass a bill placing sanctions on Nord Stream 2, the Russian gas pipeline to Germany, Reuters reported May 21. The bill would likely place significant restrictions on companies involved in the project. Perry said the bill will appear in the “not too distant future,” according to Reuters. “The United States Senate is going to pass a bill, the House is going to approve it, and it’s going to go to the President and he’s going to sign it, that is going to put sanctions on Nord Stream 2.”
The Treasury’s Office of Foreign Assets Control sanctioned 11 people and 10 entities in Mexico related to allegations of corruption, money laundering, drug trafficking and killings, Treasury said in a May 17 notice. The sanctions include the designation of a Mexican magistrate judge and former Mexican governor, Isidro Avelar Gutierrez, under the Foreign Narcotics Kingpin Designation Act.
The Treasury’s Office of Foreign Assets Control sanctioned five people and one entity under the Sergei Magnitsky Rule of Law Accountability Act for Russia-related human rights violations, Treasury said in a May 16 notice. The sanctioned people include Russian government investigators and members of the Chechen Republic’s Terek Special Rapid Response Team.