U.S. blacklist haunts the dead

Even after U.S. government ousted Manuel Noriega and threw him in prison, the former Panamanian strongman’s name remained on an American blacklist of foreigners. Noriega, once a prized CIA intelligence source, died in May 2017 and he is still on the U.S. Treasury Department’s latest blacklist, along with more than 7,000 other people, companies, organizations … Read more

Inspector General: Cuba sanctions tough enough?

The Office of Inspector General at the Treasury Department this year plans to investigate how well the Office of Foreign Asset Control, or OFAC, is enforcing Trump administration sanctions against Cuba. The OIG reported: Since 1960, the United States has maintained an embargo restricting trade, travel, and financial transactions with Cuba. This embargo comprises the … Read more

OFAC takes more aggressive approach

U.S. authorities are taking an “increasingly aggressive posture” against companies that violate economic sanctions, lawyer Jeremy Paner says. Paner, a former official at the Treasury Department’s Office of Foreign Assets Control, says federal authorities used to avoid issuing penalties to encourage voluntary compliance. But now OFAC is hitting companies with big fines even when they … Read more