U.S. International Transactions, 2nd Quarter 2023

Source: US Bureau of Economic Analysis

The U.S. current-account deficit narrowed by $2.4 billion, or 1.1 percent, to $212.1 billion in the second quarter of 2023, according to statistics released today by the U.S. Bureau of Economic Analysis (BEA). The revised first-quarter deficit was $214.5 billion. The second-quarter deficit was 3.2 percent of current-dollar gross domestic product, up less than 0.1 percent from the first quarter.

United States Mint Announces Designs for the Greatest Generation Commemorative Coin Program

Source: United States Mint

WASHINGTON–The United States Mint (Mint) joined U.S. Senator Mike Rounds (R-SD) and U.S. Representative Marcy Kaptur (D-OH), along with representatives from the Friends of the National World War II Memorial, to unveil the designs for the 2024 Greatest Generation Commemorative Coin Program during a ceremony at the World War II Memorial in Washington, D.C. The designs are emblematic of the National World War II Memorial and the service and sacrifice of American soldiers and civilians during World War II and will be featured on a $5 gold coin, a $1 silver coin, and a half dollar clad coin. As authorized by Public Law 117-162, the sales price of each coin will include a surcharge payable to the Friends of the National World War II Memorial to support the National Park Service in maintaining and repairing the National World War II Memorial, and for educational and commemorative programs. United States Mint Artistic Infusion Program Designers created all the designs, which were sculpted by United States Mint Medallic Artists.

$5 Gold Coin Obverse
Designer: Heidi Wastweet
Medallic Artist: Eric David Custer
The obverse (heads) design features a section of the Wall of Stars at the World War II Memorial with an Olive Branch. Each star on the wall represents 100 Americans who lost their lives in the war, and the Olive Branch represents the peace that followed thanks to their sacrifice. The inscriptions are “LIBERTY,” “IN GOD WE TRUST,” “2024,” and “WORLD WAR II MEMORIAL.”

$5 Gold Coin Reverse
Designer: Ben Sowards
Medallic Artist: Joseph Menna
The reverse (tails) design shows a folded American flag, such as one that would be presented at the funeral of a fallen service member. The inscriptions include “UNITED STATES OF AMERICA,” “E PLURIBUS UNUM,” “WWII MEMORIAL,” “TO UNITE THE GENERATIONS OF TOMORROW,” and “FIVE DOLLARS.”

$1 Silver Coin Obverse
Designer: Beth Zaiken
Medallic Artist: Phebe Hemphill
The design features six figures working together to support the Earth, illustrating the cooperation of each of the military branches (Army Air Forces, Coast Guard, Navy, Army, and Marine Corps), as well as the Merchant Marine during World War II. The inscriptions are “1941-1945,” “WORLD WAR II MEMORIAL,” “DEFENDERS OF FREEDOM,” “LIBERTY,” “IN GOD WE TRUST,” and “2024.”

$1 Silver Coin Reverse
Designer: Ben Sowards
Medallic Artist: Renata Gordon
The reverse design features a view from beneath a baldacchino, a sculptural canopy inside a Victory Pavilion in the World War II Memorial. The sculpture depicts four eagles holding a laurel wreath, within which is a globe centered on the Pacific Ocean. The inscriptions are “UNITED STATES OF AMERICA,” “E PLURIBUS UNUM,” “VICTORY,” “IN THE AIR,” “AT SEA,” “ON LAND,” “WWII MEMORIAL,” and “ONE DOLLAR.”

Half Dollar Clad Coin Obverse
Designer: Elana Hagler
Medallic Artist: Craig A. Campbell
The obverse design re-imagines the Victory Medal that was awarded to all who served in the Armed Forces during World War II. The figure of Liberation stands with open arms holding two halves of a broken sword, symbolizing the war’s conclusion. The inscriptions are “LIBERTY,” “IN GOD WE TRUST,” “WORLD WAR II,” “2024,” and “WE ANSWERED THE CALL.”

Half Dollar Clad Coin Reverse
Designer: Matt Swaim
Medallic Artist: John P. McGraw
The reverse design depicts the World War II Memorial from the point of view of a person walking up a ramp leading to one of the towers. The inscriptions are “UNITED STATES OF AMERICA,” “E PLURIBUS UNUM,” and “HALF DOLLAR.”

All coin images are available at https://www.usmint.gov/news/image-library/commemoratives.

“The Greatest Generation commemorative coin designs are emblematic of the National World War II Memorial and the service and sacrifice of American soldiers and civilians during World War II,” said United States Mint Director Ventris C. Gibson. “We hope this program will honor their unwavering courage and selfless spirit.”

The on-sale date for products in the 2024 Greatest Generation Commemorative Coin Program will be published on the Mint’s 2024 Product Schedule. When available, the Mint will accept orders at catalog.usmint.gov/.

About the United States Mint
Congress created the United States Mint in 1792, and the Mint became part of the Department of the Treasury in 1873. As the Nation’s sole manufacturer of legal tender coinage, the Mint is responsible for producing circulating coinage for the Nation to conduct its trade and commerce. The Mint also produces numismatic products, including proof, uncirculated, and commemorative coins; Congressional Gold Medals; silver and bronze medals; and silver and gold bullion coins. Its numismatic programs are self-sustaining and operate at no cost to taxpayers.

ADDITIONAL RESOURCES:

Iran-related Designations and Designation Update; Non-Proliferation Designations and Designation Update; Russia-related Designation Update

Source: United States Treasury

Headline: Iran-related Designations and Designation Update; Non-Proliferation Designations and Designation Update; Russia-related Designation Update

SPECIALLY DESIGNATED NATIONALS LIST UPDATE

The following individuals have been added to OFAC’s SDN List: 

ARLANIZADEH, Vali (Arabic: ولی ارلنی زاده) (a.k.a. ARLANI ZADEH, Vali), Iran; DOB 22 Nov 1979; nationality Iran; Additional Sanctions Information – Subject to Secondary Sanctions; Gender Male; National ID No. 2802738003 (Iran) (individual) [NPWMD] [IFSR] (Linked To: QODS AVIATION INDUSTRIES). 
 
DAMAVANDIAN, Ghassem (Arabic: قاسم دماوندیان) (a.k.a. DAMAVANDIAN, Qassem), Iran; DOB 02 May 1968; nationality Iran; Additional Sanctions Information – Subject to Secondary Sanctions; Gender Male; Passport G9336_77 (Iran) expires 27 Oct 2019; National ID No. 0052944492 (Iran) (individual) [NPWMD] [IFSR] (Linked To: QODS AVIATION INDUSTRIES). 
 
GHOREISHI, Seyed Hojatollah (Arabic: سید حجت اله قریشی) (a.k.a. GHOREISHI, Sayyid Hojatollah; a.k.a. GHOREISHI, Sayyid Hojjatollah; a.k.a. GHOREISHI, Seyed Hojjatollah; a.k.a. GHOREISHI, Seyyed Hojatollah; a.k.a. GHOREISHI, Seyyed Hojjatollah; a.k.a. GHOREISZI, Seyed Hojjatollah E.; a.k.a. QOREISHI, Seyyed Hojatollah; a.k.a. QORESHI, Seyyed Hojatollah; a.k.a. QUREISHI, Seyed Hojjatollah), Iran; DOB 27 Sep 1964; nationality Iran; Additional Sanctions Information – Subject to Secondary Sanctions; Gender Male; Passport D10003923 (Iran) expires 15 Aug 2023 to 15 Aug 2024; alt. Passport N42881363 (Iran) expires 10 Oct 2022; alt. Passport D9021706 (Iran) expires 14 Jul 2021; alt. Passport D10007155 (Iran) expires 17 Aug 2025; alt. Passport A59655618 (Iran) expires 15 Sep 2027; National ID No. 5929869741 (Iran) (individual) [NPWMD] [IFSR] (Linked To: MINISTRY OF DEFENSE AND ARMED FORCES LOGISTICS; Linked To: QODS AVIATION INDUSTRIES). 
 
KHAKI, Reza (Arabic: خاکی رضا), Iran; DOB 01 Aug 1970; nationality Iran; Additional Sanctions Information – Subject to Secondary Sanctions; Gender Male; Passport M38549339 (Iran) expires 05 Nov 2021; National ID No. 1199127795 (Iran) (individual) [NPWMD] [IFSR] (Linked To: QODS AVIATION INDUSTRIES). 
 
NIYAZI-ANGILI, Majid Reza (Arabic: مجید رضا نیازی انگیلی) (a.k.a. NAYYARI ANGILI, Majid Rida; a.k.a. NIAZI ANGILI EBRAHIM, Majid Reza), Iran; DOB 23 Feb 1969; nationality Iran; Additional Sanctions Information – Subject to Secondary Sanctions; Gender Male; National ID No. 0030171628 (Iran) (individual) [NPWMD] [IFSR] (Linked To: QODS AVIATION INDUSTRIES). 
 
SHARIFI-TEHRANI, Hamidreza (Arabic: حمیدرضا شریفی تهرانی) (a.k.a. SHARIFI-TEHRANI, Hamid Reza), Iran; DOB 06 Jul 1974; nationality Iran; Additional Sanctions Information – Subject to Secondary Sanctions; Gender Male; National ID No. 1285834070 (Iran) (individual) [NPWMD] [IFSR] (Linked To: QODS AVIATION INDUSTRIES). 
 
SIAVASH, Nader Khoon (Arabic: نادر خون سیاوش) (a.k.a. SIAVASHI, Nader Khun (Arabic: نادر خون سیاوشی)), Iran; DOB 30 Apr 1963; nationality Iran; Additional Sanctions Information – Subject to Secondary Sanctions; Gender Male; National ID No. 0048894753 (Iran) (individual) [NPWMD] [IFSR] (Linked To: AEROSPACE INDUSTRIES ORGANIZATION). 

The following changes have been made to OFAC’s SDN List: 

QODS AVIATION INDUSTRIES (a.k.a. GHODS AVIATION INDUSTRIES; a.k.a. QODS RESEARCH CENTER), P.O. Box 15875-1834, Km 5 Karaj Special Road, Tehran, Iran; Unit (or Suite) 207, Saleh Blvd, Tehran, Iran; Unit 207, Tarajit Maydane Taymori (or Teimori) Square, Basiri Building, Tarasht, Tehran, Iran; Additional Sanctions Information – Subject to Secondary Sanctions [NPWMD] [IFSR] [RUSSIA-EO14024]. -to- QODS AVIATION INDUSTRIES (a.k.a. GHODS AVIATION INDUSTRIES; a.k.a. LIGHT AIRPLANES DESIGN AND MANUFACTURING INDUSTRIES; a.k.a. QODS RESEARCH CENTER), P.O. Box 15875-1834, Km 5 Karaj Special Road, Tehran, Iran; Unit (or Suite) 207, Saleh Blvd, Tehran, Iran; Unit 207, Tarajit Maydane Taymori (or Teimori) Square, Basiri Building, Tarasht, Tehran, Iran; Additional Sanctions Information – Subject to Secondary Sanctions [NPWMD] [IFSR] [RUSSIA-EO14024]. 
 

Issuance of Venezuela-related General License and Amended Frequently Asked Questions

Source: United States Treasury

Headline: Issuance of Venezuela-related General License and Amended Frequently Asked Questions

The Department of the Treasury’s Office of Foreign Assets Control (OFAC) is issuing Venezuela-related General License 31B,
“Certain Transactions Involving the IV Venezuelan National Assembly and Certain Other Persons.”  OFAC is also amending several Frequently Asked Questions (522, 547, 660, 679, and 680).

Publication of Iran-related Frequently Asked Questions

Source: United States Treasury

Headline: Publication of Iran-related Frequently Asked Questions

The Department of the Treasury’s Office of Foreign Assets Control (OFAC) is publishing one new Iran-related Frequently Asked Question (FAQ 1110) and amending several Iran-related Frequently Asked Questions (FAQs 337, 338, 339, 340, 341, 342, 343, 344, 345, 346, 348, 434, 435, 436, 437, 438, 439, 440, 441, 442, 443, and 853). 

Implementation of the Federal Civil Penalties Inflation Adjustment Act

Source: United States Treasury

Headline: Implementation of the Federal Civil Penalties Inflation Adjustment Act

The Department of the Treasury’s Office of Foreign Assets Control (OFAC) is amending its regulations to implement for 2023 the Federal Civil Penalties Inflation Adjustment Act of 1990, as amended by the Federal Civil Penalties Inflation Adjustment Act Improvements Act of 2015.  This regulatory amendment adjusts for inflation the maximum amount of the civil monetary penalties that may be assessed under relevant OFAC regulations.  This regulatory amendment is currently available for public inspection with the Federal Register and will take effect upon publication in the Federal Register on Friday, January 13, 2023.

Issuance of Russia-related General Licenses and Amended Russia-related Frequently Asked Questions

Source: United States Treasury

Headline: Issuance of Russia-related General Licenses and Amended Russia-related Frequently Asked Questions

The Department of the Treasury’s Office of Foreign Assets Control (OFAC) is issuing Russia-related General License 6C “Transactions Related to Agricultural Commodities, Medicine, Medical Devices, Replacement Parts and Components, or Software Updates, the Coronavirus Disease 2019 (COVID-19) Pandemic, or Clinical Trials”, Russia-related General License 54A “Authorizing Certain Transactions Involving VEON Ltd. or VEON Holdings B.V. Prohibited by Executive Order 14071”, and Russia-related General License 28B “Authorizing the Wind Down and Rejection of Certain Transactions Involving Public Joint Stock Company Transkapitalbank and Afghanistan”.  OFAC is also amending four Russia-related Frequently Asked Questions (982, 1054, 1055, and 1059).

Issuance of Venezuela-related General License and Amended Venezuela-related Frequently Asked Question

Source: United States Treasury

Headline: Issuance of Venezuela-related General License and Amended Venezuela-related Frequently Asked Question

The Department of the Treasury’s Office of Foreign Assets Control (OFAC) is issuing Venezuela-related General License 5J, “Authorizing Certain Transactions Related to the Petroleos de Venezuela, S.A. 2020 8.5 Percent Bond on or After April 20, 2023”. OFAC is also amending Venezuela-related Frequently Asked Question 595.

Counter Terrorism Designation Removal

Source: United States Treasury

Headline: Counter Terrorism Designation Removal

SPECIALLY DESIGNATED NATIONALS LIST UPDATE

The following deletions have been made to OFAC’s SDN List:

KHALIFEH, Hanna Elias (a.k.a. KHALIFAH, Hanna; a.k.a. KHALIFE, Hanna), Midan Street, Mazraat Yachouh, Metn, Lebanon; Asaad Karam Building, Midan Street, Mazraat Yachouh, Lebanon; DOB 09 Jul 1955; nationality Lebanon; Additional Sanctions Information – Subject to Secondary Sanctions Pursuant to the Hizballah Financial Sanctions Regulations; Passport RL2033216 (Lebanon) (individual) [SDGT]. 
 
KHALIFAH, Hanna (a.k.a. KHALIFE, Hanna; a.k.a. KHALIFEH, Hanna Elias), Midan Street, Mazraat Yachouh, Metn, Lebanon; Asaad Karam Building, Midan Street, Mazraat Yachouh, Lebanon; DOB 09 Jul 1955; nationality Lebanon; Additional Sanctions Information – Subject to Secondary Sanctions Pursuant to the Hizballah Financial Sanctions Regulations; Passport RL2033216 (Lebanon) (individual) [SDGT]. 
 
KHALIFE, Hanna (a.k.a. KHALIFAH, Hanna; a.k.a. KHALIFEH, Hanna Elias), Midan Street, Mazraat Yachouh, Metn, Lebanon; Asaad Karam Building, Midan Street, Mazraat Yachouh, Lebanon; DOB 09 Jul 1955; nationality Lebanon; Additional Sanctions Information – Subject to Secondary Sanctions Pursuant to the Hizballah Financial Sanctions Regulations; Passport RL2033216 (Lebanon) (individual) [SDGT]. 

Iran-related Designations and Designation Update; Non-Proliferation Designation Update; Counter Terrorism Designation Update

Source: United States Treasury

Headline: Iran-related Designations and Designation Update; Non-Proliferation Designation Update; Counter Terrorism Designation Update

SPECIALLY DESIGNATED NATIONALS LIST UPDATE

The following individuals have been added to OFAC’s SDN List: 

ALA’ODDINI, Yahya (Arabic: یحیی علاء الدینی) (a.k.a. ALAEDDINI, Yahya), Iran; DOB 21 Mar 1965; POB Tehran, Iran; nationality Iran; Additional Sanctions Information – Subject to Secondary Sanctions; Gender Male; Passport K47201906 (Iran) expires 19 Oct 2023; National ID No. 0036732958 (Iran) (individual) [IRGC] [IRAN-HR] (Linked To: BONYAD TAAVON SEPAH). 
 
ASIABANI, Kourosh (Arabic: کورش آسیابانی) (a.k.a. ASIABANI, Korosh; a.k.a. ASIABANI, Kurosh (Arabic: کوروش آسیابانی); a.k.a. ASIYABANI, Koresh), Number 0, Floor 2, Golrizan Boulevard, Fajr Alley, District 22 Bahman, Kermanshah 6714699785, Iran; Unit 1, Paradise Building, across from Kokab Rashidi Mosque, Nobehar Boulevard, between Shahid Iraj Faizi Alley and Shahid Khosro Abassi Alley, District 22 Bahman, Kermanshah 6714699785, Iran; DOB 31 May 1962; alt. DOB 31 May 1961; POB Harsin, Iran; nationality Iran; Additional Sanctions Information – Subject to Secondary Sanctions; Gender Male; National ID No. 3319728962 (Iran); Birth Certificate Number 28 (Iran); Deputy Commander of IRGC West Regional Headquarters (Najaf Ashraf); Second Brigadier General (individual) [IRGC] [IRAN-HR] (Linked To: ISLAMIC REVOLUTIONARY GUARD CORPS). 
 
AZIMI, Mohammad Nazar (Arabic: محمد نظر عظیمی) (a.k.a. AZIMI, Mohammad (Arabic: محمد عظیمی)), Iran; DOB 21 Mar 1960; POB Kangavar, Iran; nationality Iran; Additional Sanctions Information – Subject to Secondary Sanctions; Gender Male; National ID No. 3309730409 (Iran); Commander of Najaf Ashraf West Headquarters; Brigadier General (individual) [IRGC] [IRAN-HR] (Linked To: ISLAMIC REVOLUTIONARY GUARD CORPS). 
 
BABAMORADI, Jamal (Arabic: جمال بابامرادی) (a.k.a. BABAMORADI, Jamal Ali), Iran; DOB 24 Mar 1960; POB Tehran, Iran; nationality Iran; Additional Sanctions Information – Subject to Secondary Sanctions; Gender Male; National ID No. 0036824240 (Iran) (individual) [IRGC] [IRAN-HR] (Linked To: BONYAD TAAVON SEPAH). 
 
FADA, Mojtaba (Arabic: مجتبی فدا), Isfahan, Iran; DOB 21 Mar 1963; nationality Iran; Additional Sanctions Information – Subject to Secondary Sanctions; Gender Male; Passport F49973222 (Iran) expires 27 Aug 2024; IRGC 2nd Brigadier General (individual) [IRGC] [IRAN-HR] (Linked To: ISLAMIC REVOLUTIONARY GUARD CORPS). 
 
KARIMI, Ahmad (Arabic: احمد کریمی) (a.k.a. KARIMI, Ahmad Hasan), Tehran, Iran; DOB 11 Dec 1962; POB Qom, Iran; nationality Iran; Additional Sanctions Information – Subject to Secondary Sanctions; Gender Male; National ID No. 0382947983 (Iran) (individual) [IRGC] [IRAN-HR] (Linked To: BONYAD TAAVON SEPAH). 
 
NOROUZI, Aliasghar (Arabic: علی اصغر نوروزی) (a.k.a. NOROWZI, Ali Asghar), Iran; DOB 11 Nov 1962; nationality Iran; Additional Sanctions Information – Subject to Secondary Sanctions; Gender Male; Passport Y53914915 (Iran) expires 11 May 2026; National ID No. 4591967573 (Iran) (individual) [IRGC] [IRAN-HR] (Linked To: BONYAD TAAVON SEPAH). 
 
RASHEDI, Naser (Arabic: ناصر راشدی), Iran; DOB 30 Mar 1961; POB Dezful, Iran; nationality Iran; Additional Sanctions Information – Subject to Secondary Sanctions; Gender Male; Passport W35402984 (Iran) expires 31 Oct 2020; National ID No. 2002442320 (Iran); Iranian Ministry of Intelligence and Security Deputy Minister for Intelligence (individual) [IRAN-HR] (Linked To: IRANIAN MINISTRY OF INTELLIGENCE AND SECURITY). 
 
TABATABAI, Seyyed Aminollah Emami (Arabic: سیّدامین اله امامی طباطبایی) (a.k.a. TABATBAYI, Aminallah Imami), Tehran, Iran; DOB 26 Aug 1963; POB Meybod, Iran; nationality Iran; Additional Sanctions Information – Subject to Secondary Sanctions; Gender Male; National ID No. 4489260229 (Iran) (individual) [IRGC] [IRAN-HR] (Linked To: BONYAD TAAVON SEPAH). 
 
TANAVAR, Hossein (Arabic: حسین تناور), Unit 29, 5th Floor, Talaieh Block- B1, Elahiyeh Complex 1, Number 0, Alley 2-Shahid Sajjad Rushanai, Rabbaninejad Street, Zein Aldin Municipality, Qom 3739144673, Iran; DOB 30 Aug 1981; POB Dashtestan, Bushehr Province, Iran; nationality Iran; Additional Sanctions Information – Subject to Secondary Sanctions; Gender Male; National ID No. 6109732461 (Iran); Birth Certificate Number 2833 (Iran); 2nd Brigadier General (individual) [IRGC] [IRAN-HR] (Linked To: ISLAMIC REVOLUTIONARY GUARD CORPS). 

The following changes have been made to OFAC’s SDN List: 

BONYAD TAAVON SEPAH (a.k.a. BONYAD-E TA’AVON-E; a.k.a. IRGC COOPERATIVE FOUNDATION; a.k.a. SEPAH COOPERATIVE FOUNDATION), Niayes Highway, Seoul Street, Tehran, Iran; Additional Sanctions Information – Subject to Secondary Sanctions [SDGT] [NPWMD] [IRGC] [IFSR]. -to- BONYAD TAAVON SEPAH (a.k.a. BONYAD-E TA’AVON-E; a.k.a. IRGC COOPERATIVE FOUNDATION; a.k.a. SEPAH COOPERATIVE FOUNDATION), Niayes Highway, Seoul Street, Tehran, Iran; Additional Sanctions Information – Subject to Secondary Sanctions [SDGT] [NPWMD] [IRGC] [IFSR] [IRAN-HR] (Linked To: ISLAMIC REVOLUTIONARY GUARD CORPS).