Tag: ofac
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US Treasury Imposes New Sanctions on Iranian Military Oil Network
The US Treasury has sanctioned five Hong Kong-based companies for facilitating Iran's military oil sales, aiming to cut off funding for its armed forces and reduce threats to regional stability.
Politics and GovernmentBusinessConflictFederal GovernmentEconomyMiddle EastAsiaMilitary IranUS TreasuryEconomic SanctionsOil TradeOFACHong Kong
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U.S. Treasury Modernizes Sanctions, Removes 76 Outdated Targets
The U.S. Treasury's OFAC removed 76 outdated targets from its sanctions list, including deceased individuals and defunct networks. This modernization aims to make sanctions more targeted and effective, focusing on high-risk threats.
Politics and GovernmentBusinessFederal GovernmentEconomyLegalGeneral PoliticsEurope U.S. TreasuryOFACSanctionsSpecially Designated Nationals ListScott BessentNational SecurityFinancial RegulationUS Treasury
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Treasury Sanctions Sinaloa Cartel Fentanyl and Money Laundering Networks
The U.S. Treasury has sanctioned over a dozen individuals and entities linked to the Sinaloa Cartel, targeting fentanyl trafficking and sophisticated cryptocurrency money laundering operations. This action aims to disrupt the cartel's ability to flood the U.S. with illicit drugs.
Politics and GovernmentLaw EnforcementBusinessFederal GovernmentEconomyLegalSocial IssuesLatin America Sinaloa CartelFentanylMoney LaunderingOFACSanctionsCryptocurrencyMexicoUS Treasury
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Treasury Sanctions Flotilla Organizers and Muslim Brotherhood Networks Supporting Hamas
The U.S. Treasury has sanctioned four individuals linked to a pro-Hamas flotilla attempting to reach Gaza, alongside key actors in Hamas-aligned Muslim Brotherhood networks. These actions aim to disrupt financial support for Hamas and its terrorist activities.
Politics and GovernmentConflictWorldLaw EnforcementFederal GovernmentMiddle EastEuropeLegalEconomy U.S. Department of the TreasuryOFACHamasSanctionsGazaMuslim BrotherhoodTerrorismUS Treasury
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U.S. Sanctions Target Iran's IRGC Oil Operations to China
The U.S. Treasury sanctioned 12 individuals and entities for enabling Iran's IRGC oil sales to China, aiming to cut funding for weapons and proxies. This "Economic Fury" targets the regime's revenue, with potential penalties for facilitators.
Politics and GovernmentBusinessWorldFederal GovernmentEconomyTradeMiddle EastAsia IranSanctionsOil TradeIRGCOFACChinaTerrorism FinancingUS Treasury
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OFAC Updates Specially Designated Nationals and Blocked Persons List
OFAC has updated its Specially Designated Nationals and Blocked Persons list. The U.S. Department of the Treasury advises the public to check its website for the latest version and details on today's changes, recommending periodic visits for future updates.
Politics and GovernmentBusinessLaw EnforcementFederal GovernmentLegalEconomy OFACSpecially Designated NationalsSDNBlocked PersonsU.S. Department of the TreasurySanctionsGovernmentUS Treasury
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Treasury Sanctions Maduro Regime Insiders and Sanctions Evaders in Venezuela's Oil Sector
The U.S. Department of the Treasury targets Nicolas Maduro's regime in Venezuela, sanctioning individuals and entities involved in drug trafficking, corruption, and oil sector evasion, reversing a previous deal.
Politics and GovernmentBusinessWorldWhite HouseFederal GovernmentTradeFinancial MarketsLaw EnforcementSocial IssuesLegalAsiaPanama U.S. Department of the TreasuryVenezuelaNicolas MaduroSanctionsOil SectorDrug TraffickingOFACUS Treasury
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FinCEN Alert: Cartels Smuggling Oil Across U.S.-Mexico Border
FinCEN issues alert to financial institutions about cartels smuggling stolen crude oil from Mexico into the U.S., impacting legitimate businesses and fueling violence.
Politics and GovernmentBusinessWorldLaw EnforcementMexicoFederal GovernmentTradeEnergyLegal FinCENOFACJalisco New Generation CartelSinaloa CartelGulf Carteloil smuggling