Companies looking to export goods to Dubai need to be aware that it takes proper precaution before they submit the export documents to U.S. Customs and Border Protection ("CBP" or "Customs"). We have dealt with many cases where Customs is suspicious as to the end user of said goods. Conversations with CBP personnel have indicated that Dubai is a major reexporter of goods to Iran. As of today's blog post, the U.S. maintains sanctions against Iran. See our previous posts on Iran and sanctions here. As a result, goods may[...]
The Office of Foreign Assets Control (OFAC) of the US Department of the Treasury administers and enforces economic and trade sanctions based on US foreign policy and national security goals against targeted foreign countries and regimes, terrorists, international narcotics traffickers, those engaged in activities related to the proliferation of weapons of mass destruction, and other threats to the national security, foreign policy or economy of the United States. OFAC acts under Presidential national emergency powers, as well as authority granted by specific legislation, to impose controls on transactions and freeze[...]
Sanctions and embargoes can be thought of as political coercive measures. Examples include the prohibition of doing business with certain countries, governments or individuals. The reason behind these measures are to compel those countries, governments or individuals to comply with international laws or other obligations in order to maintain national-security and safety objectives. The Office of Foreign Assets Control (OFAC) of the US Department of the Treasury administers and enforces economic and trade sanctions based on US foreign policy and national security goals against targeted foreign countries and regimes, terrorists,[...]
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