OFAC announced Monday that ShapeShift AG, a defunct "non-custodial" digital asset exchange once headquartered in Denver, Colorado, has agreed to pay $750,000 to resolve potential civil liability for apparent violations of multiple U.S. sanctions programs.
The White House has issued its annual Presidential Determination on Major Drug Transit or Major Illicit Drug Producing Countries for Fiscal Year 2026, naming 22 countries, including Colombia, under section 706 of the Foreign Relations Authorization Act (FRAA). Five countries—Afghanistan, Bolivia, Burma, Colombia, and Venezuela—were designated as having “failed demonstrably” to meet international counternarcotics obligations.
(OFAC) has issued General License No. 11, authorizing certain transactions involving Open Joint Stock Company Belavia Belarusian Airlines, the state-owned flag carrier of Belarus. In a related action, BIS issued a letter authorizing, among other activities, flights of certain Belavia aircraft between Belarus and most other destinations.
Ambassador Greer and Treasury Secretary Scott Bessent pressed G7 finance ministers Friday to align with the Trump administration’s strategy of targeting countries that continue to purchase Russian oil.
The Government Accountability Office (GAO) sharply criticized the U.S. government’s sanctions and export-control regime against Russia, warning that federal agencies have failed to establish measurable targets needed to evaluate effectiveness.
The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) on Monday imposed sweeping sanctions on transnational criminal networks operating scam compounds in Burma and Cambodia that defrauded Americans of more than $10 billion in 2024
The U.S. Department of Defense (DoD) has finalized a new rule amending the Defense Federal Acquisition Regulation Supplement (DFARS) to restrict the award of certain consulting contracts to companies with ties to adversarial foreign governments or sanctioned entities.
In a coordinated move aimed at tightening sanctions on Russia’s war economy, the European Union, United Kingdom, and Canada have each lowered the price cap on seaborne Russian-origin crude oil to $47.60 per barrel, down from the previous $60 cap set in 2022. The US declined to participate.
OFAC has imposed sanctions on Guangzhou Tengyue Chemical Co., Ltd., a China-based manufacturer implicated in trafficking synthetic opioids and adulterants into the United States.
The United States has again postponed sanctions on Serbia’s Russian-linked oil company, Naftna Industrija Srbije (NIS), extending a waiver until September 26, 2025. This marks the sixth consecutive delay since sanctions were first announced in January.
OFAC is amending the Syrian Sanctions Regulations to remove them from the Code of Federal Regulations , consistent with consistent with Executive Order 14312 of June 30, 2025, “Providing for the Revocation of Syria Sanctions.” OFAC emphasized that not all sanctions related to Syria are lifted.
OFAC imposed sanctions August 27 on four individuals and entities involved in a North Korean fraudulent information technology scheme that funds the DPRK’s weapons of mass destruction and ballistic missile programs.
The Sanctioning Russia Act of 2025 (S. 1241 / H.R. 2548), one of the most far-reaching sanctions packages proposed since Russia’s invasion of Ukraine, remains in committee despite commanding overwhelming bipartisan support. The bill’s fate hinges on the White House, where President Donald Trump has signaled he will decide “in a couple of weeks” whether to endorse aggressive new sanctions, sweeping tariffs, or a more restrained approach.
The task force responsible for blocking goods produced from Chinese state-sponsored forced labor programs targeting Uyghur and other minority groups announced five new priority sectors on Tuesday, including critical manufacturing inputs steel and lithium.
The U.S. Department of State has announced new sanctions against four senior officials of the International Criminal Court. According to the State Department, the officials played direct roles in authorizing or sustaining ICC investigations of U.S. personnel in Afghanistan and arrest warrants for Israeli political figures.
Treasury’s Office of Foreign Assets Control (OFAC) announced a new round of sanctions aimed at further constraining Iran’s oil exports, designating Greek national Antonios Margaritis, his associated network of shipping companies, and nearly a dozen vessels tied to Iran’s “shadow fleet.”
A federal judge in Brooklyn sentenced Vadim Yermolenko to 30 months in prison and forfeiture of more than $75,000 on Monday for his role in a scheme to procure ammunition and export-controlled electronics for two blacklisted Russian companies.
OFAC has re-designated the cryptocurrency exchange Garantex Europe OU and sanctioned its successor, Grinex, along with three senior executives and six affiliated companies in Russia and the Kyrgyz Republic. OFAC had originally sanctioned Garantex on April 5, 2022. Those sanctions were later lifted after the exchange committed to enhanced compliance measures.
Treasury’s Office of Foreign Assets Control (OFAC) has sanctioned Carteles Unidos (“United Cartels”) and Los Viagras, along with seven affiliated individuals, for activities linked to drug trafficking, terrorism, and extortion in Mexico’s agricultural sector.
A new minority staff report prepared for Sen. Elizabeth Warren (D-Mass.), Ranking Member of the Senate Committee on Banking, Housing, and Urban Affairs, and Sen. Jeanne Shaheen (D-N.H.), Ranking Member of the Senate Committee on Foreign Relations, charges that the Trump administration has “immediately stopped taking basic sanctions and export control actions” against Russia, weakening U.S. leverage to achieve a “just peace” in Ukraine.
