Notable "Derivative" Designations - Treasury Targets Oil Tanker Adrian Darya 1 and its Captain

Date issued: Aug. 30 2019

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TURBOFAC Commentary (303 words)

Notes:

1) For the criteria we use to determine what designation notices to include in the Research System, see Introductory Note Common to all Derivative Designation Notices Included in the Research System.

2) Refer to U.S. v. Oil Tanker “Grace 1,” all petroleum aboard Grace 1, and $999,950.00 Associated with Paradise Global Trading LLC (D.D.C. 2019) - in rem Forfeiture Complaint, for background concerning this case.

Here, OFAC derivatively designated, as an SDGT, the Indian captain of an oil tanker carrying oil for entities alleged to be controlled by the IRCG. The designation criteria are not specified, but this would presumably be "material assistance" to the IRGC. The designation of the captain came after OFAC...