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OFAC has announced it has issued regulations to implement Executive Order 13851 of November 27, 2018 ("Blocking Property of Certain Persons Contributing to the Situation in Nicaragua"). These regulations (31 CFR part 582) are effective with today's publication at 84 FR 46440 in the Federal Register. OFAC intends to supplement part 582 with a more comprehensive set of regulations, which may include additional interpretive and definitional guidance and additional general licenses and statements of licensing policy.

OFAC also updated its SDN List, adding three Iranian entities subject to secondary sanctions under OFAC's Iran-related and Non-proliferation of weapons of mass destruction programs, and updating a Kingpin Act listing of a Mexican national. See BankersOnline's OFAC Update for details.

FinCEN welcomed AnnaLou Tirol on Tuesday as its new Associate Director to lead its Liaison Division. This division designs and implements strategic partnerships across the financial industry, with partners in the U.S. government, and with foreign counterparts. It conducts operational information sharing among domestic and foreign partners, including in crisis situations, and conducts training and inspections to ensure effective use and protection of the sensitive Bank Secrecy Act data that FinCEN collects, protects, analyzes, and shares.

The OCC has issued a proclamation allowing national banks, federal savings associations, and federal branches and agencies of foreign banks affected by severe weather conditions associated with Hurricane Dorian in the southeast region of the United States to close.

• Proclamation

OFAC has announced the North Korea-related designations of two individuals and three entities, and further identified one vessel as blocked property. Taiwan-based individuals Huang Wang Ken and Chen Mei Hsiang and the Taiwan-based entities Jui Pang Shipping Co Ltd (Jui Pang) and Jui Zong Ship Management Co Ltd (Jui Zong), as well as Hong Kong-based entity Jui Cheng Shipping Company Limited (Jui Cheng) were designated. For identification details, see BankersOnline's OFAC Update.

OFAC also announced its designation of the Adrian Darya 1, an oil tanker transporting Iranian crude oil ultimately benefiting Iran’s Islamic Revolutionary Guard Corps-Qods Force (IRGC-QF) and the tanker's captain, Akhilesh Kumar. Identification details are in this BankersOnline OFAC Update.

The FDIC has issued a list of recent enforcement actions recently taken against FDIC-supervised institutions and individuals now or formerly associated with FDIC-supervised institutions. Among those actions was a consent order to pay a $12,400 civil money penalty issued to a Marksville, Louisiana, bank for a pattern or practice of violations of the Flood Disaster Protection Act.

The FDIC also issued a Prohibition Order to a former accounting clerk at Boonville Federal Savings Bank, Boonville, Indiana, having found that she had transferred over $132,000 in bank funds to an account she controlled and used the funds for her personal benefit. A Notice of Charges and Hearing were issued to a former executive vice president and commercial relationship manager of First NBC Bank (in receivership), New Orleans, Louisiana, notifying the respondent of the FDIC's intention to prohibit him from further participation in the business of banking, and assess a civil money penalty of $125,000. The Notice provides the respondent an opportunity to be heard at an administrative hearing concerning the FDIC's allegations of numerous lending irregularities.

In addition, four financial institutions were issued consent orders to cease and desist.

Treasury announced yesterday that OFAC has sanctioned Jammal Trust Bank SAL (Jammal Trust), a Lebanon-based financial institution that knowingly facilitates banking activities for Hizballah, designating it as a Specially Designated Global Terrorist (SDGT). As part of that action, OFAC also designated Jammal Trust's Lebanon-based subsidiaries.

In partnership with the Sultanate of Oman, OFAC also designated four financial facilitators responsible for moving tens of millions of dollars between Iran’s Islamic Revolutionary Guard Corps-Qods Force (IRGC-QF) and HAMAS’s operational arm, the Izz-Al-Din Al-Qassam Brigades in Gaza.

For identification details of the individuals and entities designated yesterday, see BankersOnline's OFAC Update.

The Federal Communications Commission has published [84 FR 45669] in today's Federal Register a final rule amending its Truth in Caller ID rules in subpart P of 47 CFR part 64 to implement the amendments to section 227(e) of the Communications Act adopted by Congress last year as part of the RAY BAUM'S Act. The rule published today amends the FCC's rules to encompass malicious spoofing activities directed at consumers in the United States from actors outside of the U.S. and to reach caller ID spoofing using alternative voice and text messaging services. The amendments carry a February 5, 2020, effective date.

FinCEN has announced the launch of its Global Investigations Division (GID), which will be responsible for implementing targeted investigation strategies rooted in FinCEN’s unique authorities under the Bank Secrecy Act (BSA) to combat illicit finance threats and related crimes, both domestically and internationally. GID will leverage FinCEN’s BSA authorities, including Section 311 of the USA PATRIOT Act, to investigate and target terrorist finance and money laundering threats, and GID will work more closely with foreign counterparts to coordinate actions against such threats when appropriate.

The Treasury Department has announced that OFAC has targeted two Iranian regime-linked networks under the authority of Executive Order 13382 for engaging in covert procurement activities benefiting multiple Iranian military organizations. One network, led by Hamed Dehghan, has used a Hong Kong-based front company to evade U.S. and international sanctions and facilitate tens of millions of dollars’ worth of proliferation activities targeting U.S. technology and electronic components, for persons related to the Islamic Revolutionary Guard Corps and the Iranian regime’s missile program. The second network, led by Seyed Hossein Shariat, has procured various aluminum alloy products on behalf of components entities owned or controlled by Iran’s Ministry of Defense and Armed Forces Logistics. For identification information on the five individuals and five entities that OFAC designated, see BankersOnline's OFAC Update.

FDIC FIL-47-2019, issued yesterday, announced an update to the agency's Risk Management Manual of Examination Policies (the Manual) to incorporate a new section titled Risk-Focused, Forward-Looking Safety and Soundness Supervision. The latter describes the FDIC's long-standing philosophy and methods for supervising institutions by focusing on the areas presenting the greatest risks. The new section has been included in the new Part VI of the Manual titled "Appendix: Examination Processes and Tools," and describes communication and risk-tailoring principles followed during safety and soundness examination activities.