The House of Representatives passed H.R. 1684, the Haiti Criminal Collusion Transparency Act. The bill would require the Secretary of State to submit an annual report to Congress regarding the …

China is providing crucial support for Russia’s war effort in Ukraine by helping the Kremlin evade Western sanctions and is likely supplying Moscow with key technology, according to a new US intelligence report. China has dramatically expanded its purchase of Russian oil, gas and other energy exports since Moscow invaded Ukraine in February last year and used its financial system to allow Russia “to conduct transactions unfettered of Western interdiction,” said the assessment released Thursday by the Office of the Director of National Intelligence (ODNI).

  Justice, Commerce and the Treasury Department issued a joint compliance note focusing on the voluntary self-disclosure policies that apply to US sanctions, export controls and other national security laws, including recent updates to some of those policies. The July 26 note marks the second collective effort by the three agencies to inform the private sector about enforcement trends and provide guidance to the business community on compliance with US sanctions and export laws.

Treasury's Office of Foreign Asset Control designated dozens of entities as Washington continues to apply economic pressure on Moscow for it's invation of Ukraine. The July 20 actions address munitions, metals & mining, finance, energy and aerospace technology interests.

Treasury’s Office of Foreign Assets Control (OFAC) designated  Jordan “Orce” Kamcev, in North Macedonia pursuant to Executive Order (E.O.) 14033.  Mr. Kamcev has been …

he Department of the Treasury's Office of Foreign Assets Control (OFAC) is publishing three web general licenses (GLs) issued in the Syria Sanctions Regulations, Iran Transactions and Sanctions …

Treasury's Office of Foreign Assets Control (OFAC) imposed sanctions today on Aleksandar Vulin, a high-ranking Serbian official. Vulin has been associated with various illegal activities, including transnational organized crime and drug trafficking. As the Director of Serbia’s Security Information Agency, and former Minister of Defense and Minister of the Interior, Vulin is accused of exploiting his official roles to further Russia's interests in the Western Balkans, negatively affecting the region's stability and security.

The European Union has established an anti-circumvention framework, akin to the United States' "secondary sanctions" system, which potentially empowers the EU to sanction third countries that assist trade with nations under sanctions, including Russia. However, EU officials suggest that this framework may be a diplomatic deterrent more than an immediate plan of action, as the bloc seeks to avoid driving these third-party nations towards Russia and China.

31 C.F.R. § 501.603 of the Reporting, Procedures and Penalties Regulations (RPPR) requires holders of blocked property to provide the Office of Foreign Assets Control (OFAC) with a comprehensive list of all blocked property held as of June 30 of the current year by September 30.

OFAC will retire the PIP, DEL, and SDALL.ZIP sanctions list file formats on or about August 15, 2023. OFAC will continue to offer for public download, the XML, CSV, and FF file formats, the ZIP files SDN_XML and SDN_Advanced, and PDF versions for OFAC’s sanctions list(s).

The Council of the European Union has agreed on a negotiating position for a draft directive designed to improve the tracking, identification, freezing, confiscation, and management of criminal assets, While legislation in Washington aims to provide additional aid to Ukraine using assets confiscated from the Central Bank of the Russian Federation and other Russian sovereign assets.

Treasury's Office of Foreign Assets Control (OFAC) has announced the imposition of sanctions on four companies and one individual connected to the notorious Russian military group, PMC Wagner (Wagner …

Treasury’s Office of Foreign Assets Control (OFAC) and His Majesty’s Treasury’s Office of Financial Sanctions Implementation (OFSI) have jointly published a humanitarian Factsheet on Humanitarian Assistance and Food Security in relation to Russia sanctions. This Factsheet is a testament to the OFAC-OFSI Enhanced Partnership, where the two agencies continue to make ongoing efforts to effectively communicate and implement new sanctions in close coordination with each other.

Friday, the EU Council announced the adoption of the eleventh comprehensive package of sanctions, imposing restrictive measures on an additional 71 individuals and 33 entities identified as …

The Treasury Department’s Office of Foreign Assets Control announced yesterday that it has designated Burma’s Ministry of Defense and two regime-controlled financial institutions that facilitate much of the foreign currency exchange within Burma and enable transactions between the military regime and foreign markets, including for the purchase and import of arms and related materiel.

A large group of Republican senators introduced legislation yesterday requiring the President to submit any sanctions relief for Iran for Congressional review before taking action. Main …

Treasury's Office of Foreign Assets Control (OFAC) has announced sanctions against two Syrian money service businesses, Al-Fadel Exchange and Al-Adham Exchange Company, for their covert aid to the …

Treasury’s Office of Foreign Assets Control (OFAC) designated four companies generating revenue from, and contributing to, the conflict in Sudan. The entities designated today are affiliated with the two embattled forces that are fueling the ongoing conflict in Sudan: two companies affiliated with the paramilitary Rapid Support Forces (RSF) and two companies affiliated with the Sudanese Armed Forces (SAF). Consistent with OFAC’s policy of supporting the basic needs of vulnerable populations while continuing to deny resources to malign actors, OFAC is issuing three general licenses (GLs) concurrent with today’s action.

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’s Office of Foreign Assets Control has sanctioned four entities and one individual involved in obfuscated revenue generation and malicious cyber activities that support the North Korean government.