Thursday, May 3, 2007

OFAC returns to form?

At the Dec '06 PLI "Coping with Export Controls" seminar, OFAC touted its improvements to the website, posting of penalties, and its record for posting in the FR new additions to the SDN list. On this last point, OFAC has a history of taking for-freaking-ever to get their SDN designations into the Federal Register. They improved this record last year, and reduced the time delay significantly. We all applauded.

However, today's Federal Register entry lists SDNT entities that were sanctioned on March 7, 2007. Of course, the sanctions on these individuals were also effective on that date. Almost two months? Come on, guys.

Hopefully this is just an anomaly.

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