Saturday, October 24, 2009

OFAC to Hold Financial Sector Symposium in New York City



The Treasury Department's Office of Foreign Assets Control (OFAC) announced today that it will be holding its first-ever Financial Sector Symposium in New York City on Tuesday, December 1, 2009.

According to OFAC, the Financial Sector Symposium is designed to provide the financial sector with insight and perspective from top OFAC officials on banking, securities and OFAC's enforcement guidelines and will feature speakers from OFAC and state and federal regulators.

For more information and to register for OFAC's Financial Sector Symposium, see the following link (PDF file).

OFAC held a very successful International Trade Symposium in Washington, DC earlier this year.

Tuesday, October 13, 2009

Tropical Storm Patricia nears mexico

CABO SAN LUCAS, Mexico (AP) — Officials closed schools and readied emergency shelters as Tropical Storm Patricia neared Mexico's Los Cabos resorts on Tuesday.
The storm's winds weakened to 50 mph on Tuesday afternoon, according to the U.S. National Hurricane Center in Miami. Further weakening was expected during the next 24 hours.

In Cabo San Lucas, tourists awoke to cloudy skies and intermittent rain Tuesday as hotel workers began putting away beach furniture and shutting down all open-air activities.

"The beach is empty and there is little activity at our pool area because tourists are staying in their rooms," said Casa Dorada Hotel general manager Victor Gomez. "Unfortunately for the tourist, the entertainment options have been limited but we hope to be back to normal by tomorrow or Thursday."

Cabo San Lucas Civil Protection Director Franciso Cota said authorities are ready to evacuate people living in areas at risk of flooding.

Baja California Sur's state government announced that all schools at all levels were closed on Tuesday and it said officials were preparing 159 shelters in case of evacuations.

Mexico's government declared a tropical storm warning for the southern portion of the desert peninsula, including Cabo San Lucas.

Forecasters said it could dump 1 to 3 inches of rain on the region.

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