The U.S. Treasury Department announced that Andrea Gacki has been appointed as the new Director of the Financial Crimes Enforcement Network (FinCEN). Previously, Gacki served as the head of the …

American fashion brand Guess has reacquired its 30% stake from its Russian partner Vyacheslav Shikulov, an unusual move for the Russian fashion market. The deal, valued at €8 million (US$8.5 million), has consolidated 100% of Guess's Russian business after receiving approval from the US Treasury Department.

The Treasury Department Office of Foreign Assets Control yesterday announced a $3.3 million settlement with Murad LLC and a $175,000 settlement with a natural US person for violations of US sanctions on Iran.

Treasury’s Office of Foreign Assets Control (OFAC) has removed Czech nuclear engineering firm Škoda JS A.S. from its Sectoral Sanctions Identifications List, following the acquisition of the energy services company by Czech energy giant ČEZ. The acquisition was made to mitigate the risk of sanctions affecting key supplies for ČEZ's nuclear power plants.  Škoda JS is a leading supplier of key components and equipment for nuclear power plants, and had been owned by a Russian entity.

The Department of the Treasury's Office of Foreign Assets Control (OFAC) announced today the issuance of Venezuela General License 42, which authorizes certain transactions relating to the negotiation of settlement agreements with the IV Venezuelan National Assembly, its Delegated Commission, IV National Assembly Entities, and other designated persons.

Poloniex, LLC has agreed to pay $7,591,630 to settle its potential civil liability for 65,942 apparent violations of multiple sanctions programs, according to the Department of Treasury's Office of Foreign Assets Control (OFAC).

The Financial Crimes Enforcement Network (FinCEN) has issued its FinCEN Year in Review for FY 2022. The Year in Review is intended to help stakeholders gain insight into both FinCEN’s efforts to support law enforcement and national security agencies, and how financial information—filed pursuant to the Bank Secrecy Act (BSA)—is used.

Treasury's Office of Foreign Assets Control (OFAC) has imposed sanctions on four senior officials of Iran's Islamic Revolutionary Guard Corps Intelligence Organization (IRGC-IO) in a groundbreaking move. In addition to the action against Iran, OFAC has implemented the State Department's designation of Russia's Federal Security Service (FSB) for its involvement in the wrongful detention of U.S. nationals abroad.

London-based tobacco giant, British American Tobacco p.l.c. (BAT), has agreed to pay more than $600 million to settle civil charges related to alleged violations of the North Korea and Weapons of Mass Destruction Proliferators Sanctions Regulations, according to a statements from the US Treasury's Office of Foreign Assets Control (OFAC) and the Justice Department.

In a coordinated action, Treasury's Office of Foreign Assets Control (OFAC) has designated an extensive international money laundering and sanctions evasion network, consisting of 52 individuals and …

Treasury's Office of Foreign Assets Control (OFAC) has issued a warning to shipowners, protection and indemnity clubs, and flagging registries about deceptive practices involving Russian oil exports.

Top Treasury Department officials are embarking on a two-week journey through Central Europe and Central Asia to garner support for measures countering Russia's evasion of sanctions imposed due to the ongoing war in Ukraine.

Microsoft has agreed to pay $3.3 million to settle potential civil liability relating to exporting services or software to comprehensively sanctioned jurisdictions and Specially Designated Nationals (SDNs) in violation of OFAC's Cuba, Iran, Syria, and Ukraine-/Russia-Related sanctions programs.

Treasury's Office of Foreign Assets Control (OFAC) has designated Genesis Market, one of the world's largest illicit marketplaces, for its part in the theft and sale of device credentials and related sensitive information.

The Treasury has  published the 2023 DeFi Illicit Finance Risk Assessment, the first illicit finance risk assessment conducted on decentralized finance (DeFi) in the world.

Treasury’s Office of Foreign Assets Control (OFAC) today announced a settlement with Uphold HQ Inc. for maintaining accounts in sanctioned countries over a five year period. …

The Treasury and Federal Reserve have jointly fined Wells Fargo Bank nearly $100 million for failing to prohibit sanctions violations conducted on its trade finance platform Eximbills over a period of seven years.

Treasury’s Office of Foreign Assets Control (OFAC) and UK officials named associates of Syrian President Bashar al-Assad for the production or export of Captagon, a dangerous amphetamine.

Treasury Secretary Janet Yellen announced a commitment by the United States and more than twenty foreign governments to enhance beneficial ownership transparency.

Financial Crimes Enforcement Network (FinCEN) published its first set of guidance materials to aid the public, and in particular the small business community, in understanding upcoming beneficial ownership information (BOI) reporting requirements taking effect on January 1, 2024.