FIN-2024-Alert001 - FinCEN Alert on Israeli Extremist Settler Violence Against Palestinians in the West Bank (Includes OFAC Guidance)

Date issued: Feb. 01 2024

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TURBOFAC Commentary (209 words)

Notes:

1) This is an unusual document insofar as it was issued by a Treasury agency other than OFAC, with OFAC linking to it from its own website (https://ofac.treasury.gov/recent-actions/20240201) and FinCEN stating that “through the [FinCEN] alert, Treasury’s Office of Foreign Assets Control (OFAC) is highlighting for members of the public that under [E.O. 14115] the U.S. government is authorized to impose sanctions on foreign persons that are responsible for or complicit in, or have directly or indirectly engaged or attempted to engage in (1) actions that threaten the peace, security, or stability of the West Bank; or (2) planning, ordering, otherwise directing, or participating in specified actions affecting the West Bank, such as violence targeting civilians and property destruction.” Given that the scope of the transactions violative of AML laws appears to exceed the scope of transactions in which blocked persons have...