OFAC: Specially Designated Nationals List Update

Denied & Restricted Parties, OFAC, Venezuela

The following individuals have been added to OFAC’s SDN List (Venezuela-related Designations): ALBISINNI SERRANO, Rocco, Miranda, Guarico, Venezuela; DOB 06 Mar 1982; Gender Male; Cedula No. 15481927 (Venezuela); President of Venezuela’s National Center...

It Never Pays to Lie…Actually it Could Cost You $50K

BIS, Commerce Dept, Enforcement, Export License, Venezuela, Violations & Fines

By: Danielle McClellan On September 14, 2012 GLS Solutions, Inc. of Aventura, Florida exported a $28,335 FLIR 440 High Performance Infrared Camera to Venezuela. The camera is classified under ECCN 6A003.b.4 and is controlled for National Security and Regional...

Just Say No to Listed Venezuelans—New Regs Target Prohibited Parties

OFAC, Venezuela

By: Danielle McClellan On July 10, 2015 the Department of the Treasury’s Office of Foreign Assets Control (OFAC) issued regulations (part 591) to implement a previous Executive Order. Compliance Summary:  The regulations prohibit US persons (not including foreign...

Obama Blocks Property and Suspends Entry of Certain Persons Contributing to the Situation in Venezuela

Denied & Restricted Parties, Venezuela

By: Brooke Driver In response to the situation in Venezuela, specifically the government’s “erosion of human rights guarantees, persecution of political opponents, curtailment of press freedoms, use of violence and human rights violations and abuses in response to...

Venezuela Joins Russia and China in the EAR Military End Use (User) Controls Club

BIS, Licensing, Venezuela

By: John Black The US Bureau of Industry and Security has added Venezuela to the list of countries subject to special military end-use (user) controls.  EAR 744.21 imposes controls on exports/reexports of certain ECCNs to “military end-uses” in the PRC.  744.21...

North Carolina Man Jailed and Debarred for Violating ITAR Brokering Rules

BIS, Finance & Banking, Venezuela, Violations & Fines

By: Brooke Driver For Donald Bernardo of Matthews, North Carolina, the hits keep on coming. In November of 2011, Bernardo was tried and convicted in a Florida court for his violation of Section 38 of the Arms Export Control Act. Without first registering with the...