Events listed in US Sanctions
Issuance of Russia-related General License
ID 25484
The Office of Foreign Assets Control, OFAC, has issued a new General License (GL 8H) to permit otherwise prohibited financial transactions due to sanction measures imposed on the Russian Federation pursuant to Executive Order 14024. Specifically, GL 8H permits energy-related financial transactions involving the following entities: (1) State Corporation Bank for Development and Foreign Economic Affairs Vnesheconombank; (2) Public Joint Stock Company Bank Financial ...
Balkans-related Designations and Designation Removal; Non-Proliferation Designations
ID 25437
The Office of Foreign Assets Control (OFAC) has published a press release to inform about new sanction measures. Specifically, the Office added two individuals and seven entities to its Specially Designated Nationals and Blocked Persons List (SDN List) pursuant to existing sanction regulations (31 CFR Part 544, 31 CFR Part 588, and Executive Order 14033) in connection with the proliferation of weapons of mass ...
FinCEN Alert to Financial Institutions to Counter Financing to Hamas and its ...
ID 25430
The Financial Crimes Enforcement Network (FinCEN) has issued a new Alert to provide information and guidance to financial institutions and virtual asset service providers (VASPs) to help them identify and report suspicious activity related to the funding of the terrorist organization Hamas. The Alert highlights the various methods Hamas uses to raise funds for its operations, including support from Iran, private donations, investments, diverting ...
Issuance of Venezuela-related General Licenses and Associated Frequently Asked ...
ID 25394
Following the signing of an agreement between the United States and the current Maduro regime in Venezuela (details are unfortunately not available), the **Office of Foreign Assets Control (OFAC) of the U.S. Department of the Treasury has issued several new General Licenses (GLs), extended existing General Licenses with modifications, issued new or updated corresponding frequently asked questions (FAQs), and issued a new FAQ paper ...
Counter Terrorism Designations
ID 25382
The Office of Foreign Assets Control (OFAC) has published a press release to inform about new sanction measures. Specifically, the Office added nine individuals and one firm to its Specially Designated Nationals and Blocked Persons List (SDN List) pursuant to existing sanction regulations (31 CFR Part 594 and Executive Order 13224) for their engagement in or the financing of terrorist organization Hamas. The following ...
Iran-related Designations; Non-Proliferation Designations; Russia-related ...
ID 25374
The Office of Foreign Assets Control (OFAC) has published a press release to inform about new sanction measures. Specifically, the Office added ten individuals and eight entities to its Specially Designated Nationals and Blocked Persons List (SDN List) pursuant to existing sanction regulations 31 CFR Part 544, 31 CFR Part 561, and Executive Order 13382 for being involved in the facilitation or support of ...
Price Cap Coalition Advisory for the Maritime Oil Industry and Related Sectors
ID 25311
The U.S. Department of the Treasury has published an advisory drawn up by the Price Cap Coalition (see comment box below) which contains best practices for the maritime oil industry in response to recent developments as regards activities to evade the price cap restrictions for the transport of cruide oil of Russian origin. Specifically, perpetrators have altered trade routes, engaged numerous different shipping service ...
Russia-related Designations; Publication of Maritime Oil Industry Advisory; ...
ID 25302
The Office of Foreign Assets Control (OFAC) has published a new press statement to inform about new sanction measures. Specifically, the Office added two entities and two vessels to its Specially Designated Nationals and Blocked Persons List (SDN List) pursuant to Executive Order 14024 which was signed by President Joseph Biden in 2021 and subsequently amended to install sanction measures for engagements in or ...
Counter Narcotics Designations
ID 25198
The Office of Foreign Assets Control (OFAC) has published a press release to inform about new sanction measures. Specifically, the Office announced that it has added 14 individuals and 14 entities to its Specially Designated Nationals and Blocked Persons List (SDN List) for being engaged in or supporting the trafficking of fentanyl and other illegal drugs pursuant to Executive Order 14059. The affected parties ...
Sudan Designations
ID 25123
The Office of Foreign Assets Control (OFAC) has published a press release to inform about new sanction measures. Specifically, the Office added one individual and two entities to its Specially Designated Nationals and Blocked Persons List (SDN List) pursuant to existing sanction regulations (Executive Order 14098) for their engagement in activities that undermine the stability and peace in Sudan. The following parties are affected ...