University activities that involve any type of transaction (e.g., transfer information, data or technology; shipping materials; payment of funds; hosting a visitor; travel to an embargoed country, etc ...

Countries marked with an asterisk are subject to broad economic sanctions and embargoes from the Department of Treasury's Office of Foreign Assets Control (OFAC). Travel to these countries will ...

Depending on the country, OFAC programs may freeze assets of embargoed countries, prohibit payment of funds to individuals and countries on the embargo list, or prohibit provision of services to ...

Drug traffickers often target these countries due to the high profits generated from illicit drug sales. The increased revenue offsets the high costs of trafficking narcotics into these areas.

On November 26, 2024, the Fifth Circuit Court of Appeals held that the United States Office of Foreign Assets Control (“OFAC”) exceeded its authority by adding an entity that pools and ...

If an insurer receives an insurance application from a person on OFAC’s List of Specially Designated ... company’s operations in a sanctioned country or territory; (vi) the return of a premium ...

SkyGeek voluntarily disclosed some of the potential violations, which OFAC called non-egregious. The agency said it could have imposed a maximum civil penalty of more than $2.2 mi ...

In a Nov. 26 legal opinion, a Fifth Circuit Appeals Court’s three-judge panel said the Office of Foreign Assets Control (OFAC) exceeded ... Nationals (SDN) list was “not in accordance with ...