Sentence examples for ofac from inspiring English sources

However, in another exquisitely timed transaction, Rossiya cut its stake again according to the paperwork, two days before the OFAC changes were announced thus helping Sogaz avoid sanctions once more.A document published by Sogaz in late August states that Abros, the Rossiya subsidiary, now held only 32.3% of Sogaz.

One minute he taunted the Treasury Department, telling me that "going around OFAC" — the Office of Foreign Assets Control — "is easier than buying a hamburger at McDonalds," and that, "You do not need resources nor even a brain to laugh at OFAC and its pathetic sanctions".

One can make a "very descent [sic] living solely because your name appears on OFAC list," he said.

Spanish Studies Abroad, an independent language institute, recently received an OFAC license that would allow American students to receive college credit for learning Spanish in Cuba, although it requires some extra homework.

You've got the Federal Reserve, you've got a lot of agencies out there which can punish you for the same offence, so it's not just OFAC.

"It's not just OFAC, you've got other regulatory authorities in the US, which are not as transparent about their guidelines, particularly New York department of financial services, which doesn't offer FAQs and won't meet non-American entities to discuss issues about sanctions.

"I want to be with these guys at the blackjack table".OFAC declined to comment on these specific cases or on whether it might broaden its sanctions so that businesses subject to this sort of share transfer remain blacklisted.

The Office of Foreign Assets Control OFACC), the arm of the US Treasury that oversees sanctions, closed the loophole in August.

The US Office of Foreign Assets Control OFACcontinuallylly seeks to disrupt these transactions, but as Mr Parvaresh notes: "There are always ways".Some such ways read like the stuff of spy novels.

The White House said in a fact sheet that people "will be able to make arrangements through any service provider that complies with the U.S. Treasury's Office of Foreign Assets Control OFACC) regulations governing travel services to Cuba" — a description that applies to InsightCuba.

In a statement, a spokesman for the US treasury department said: "Sergei (or Serguei) Denissenko was sanctioned by OFAC Office of Foreign Assets Controll) for being involved in two of Bout's front companies – San Air General Trading FZE (Ajman, UAE; Richardson, Texas) and also with Centrafricain Airlines.