US Sanctions Feed

The Department of the Treasury's Office of Foreign Assets Control (OFAC) is issuing Belarus General License 10, "Authorizing the Wind Down of Transactions Involving Tabak Invest LLC." Additionally,... more

13 hours ago

OFAC (US)

Sudan Designations; Cyber-related Designation Update; Ukraine-related Designation Update; Foreign Interference in U.S. Election Designation Update

OFAC has updated its SDN List. Please visit the URL below to view this action... more

1 day ago

OFAC (US)

The Department of the Treasury's Office of Foreign Assets Control (OFAC) is issuing Russia-related General License 78, "Authorizing Limited Safety and Environmental Transactions Involving Certain Persons or Vessels."... more

4 days ago

OFAC (US)

North Korea Designations; Non-Proliferation Designation

OFAC has updated its SDN List. Please visit the URL below to view this action... more

5 days ago

OFAC (US)

Counter Narcotics Designations and Designation Update; Zimbabwe Designation Removal

OFAC has updated its SDN List. Please visit the URL below to view this action... more

5 days ago

OFAC (US)

Counter Terrorism Designations; Iran-related Designations; Cyber-related Designation; North Korea Designation

OFAC has updated its SDN List. Please visit the URL below to view this action... more

6 days ago

OFAC (US)

Settlement Agreement between the U.S. Department of the Treasury’s Office of Foreign Assets Control and Binance Holdings, Ltd.

The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) today announced a $968,618,825 settlement with Binance Holdings, Ltd. (“Binance”), a Cayman Islands company and the... more

14 days ago

OFAC (US)

Counter Terrorism Designations; Issuance of Venezuela-related Frequently Asked Questions

The Department of the Treasury's Office of Foreign Assets Control (OFAC) is issuing four new Venezuela-related Frequently Asked Questions (FAQs 1141-1144). Additionally, OFAC has updated its Specially Designated... more

18 days ago

OFAC (US)

The Department of the Treasury's Office of Foreign Assets Control (OFAC) is issuing Russia-related General License 77, "Authorizing Limited Safety and Environmental Transactions Involving Certain Persons or Vessels",... more

19 days ago

OFAC (US)

Counter Narcotics Designation

OFAC has updated its SDN List. Please visit the URL below to view this action... more

20 days ago

OFAC (US)

Calling the shots – the implications of the Court of Appeal’s decision in NBT v Mints

20 days ago

Sanctions Insight

Sanctions Compliance Guidance for the Provision of Humanitarian Assistance to the Palestinian People

The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) is issuing an OFAC Compliance Communique: Guidance for the Provision of Humanitarian Assistance to the Palestinian... more

21 days ago

OFAC (US)

Settlement Agreement between the U.S. Department of the Treasury's Office of Foreign Assets Control and daVinci Payments

The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) today announced a settlement with daVinci Payments (daVinci), which manages prepaid reward card programs. DaVinci agreed... more

29 days ago

OFAC (US)

Russia-related Designation

OFAC has updated its SDN List. Please visit the URL below to view this action... more

1 month ago

OFAC (US)

The Department of the Treasury's Office of Foreign Assets Control (OFAC) is issuing Russia-related General License 13G, "Authorizing Certain Administrative Transactions Prohibited by Directive 4 under Executive Order... more

1 month ago

OFAC (US)

The Department of the Treasury’s Office of Foreign Assets Control (OFAC) is issuing Directive 1 under Executive Order (E.O.) 14014 and two new Frequently Asked Questions (FAQs 1138... more

1 month ago

OFAC (US)

OFAC has updated its SDN List. Please visit the URL below to view this action... more

1 month ago

OFAC (US)

Update on Venezuelan-US relations

1 month ago

Sanctions Insight

Singapore Court of Appeal hands down decision on sanctions clause in Letters of Credit

1 month ago

Sanctions Insight

Singapore Court of Appeal hands down decision on sanctions clause in Letters of Credit

1 month ago

Sanctions Insight

Update on Venezuelan-US relations

1 month ago

Sanctions Insight

Issuance of Venezuela-related General Licenses and Associated Frequently Asked Questions

The Department of the Treasury's Office of Foreign Assets Control (OFAC) is issuing Venezuela-related General License 3I, General License 5M, General License 9H, General License 43, General License... more

1 month ago

OFAC (US)

The Department of the Treasury's Office of Foreign Assets Control (OFAC) is publishing an Iran Ballistic Missile Procurement Advisory. The following additions, removals, and changes have been made... more

1 month ago

OFAC (US)

The Department of the Treasury's Office of Foreign Assets Control (OFAC) is publishing a Maritime Oil Industry Advisory. Additionally, OFAC is issuing Russia-related General License 73, "Authorizing Limited... more

1 month ago

OFAC (US)

Sudan Designations

OFAC has updated its SDN List. Please visit the URL below to view this action... more

2 months ago

OFAC (US)

OFAC has updated its SDN List. Please visit the URL below to view this action... more

2 months ago

OFAC (US)

OFAC has updated its SDN List. Please visit the URL below to view this action... more

2 months ago

OFAC (US)

Settlement Agreements between the U.S. Department of the Treasury’s Office of Foreign Assets Control and 3M Company, and with Emigrant Bank

The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) today announced a $9,618,477 settlement with 3M Company (“3M”). 3M has agreed to settle its potential... more

2 months ago

OFAC (US)

OFAC has updated its SDN List. Please visit the URL below to view this action... more

2 months ago

OFAC (US)

Today, the U.S. government announced the establishment of a humanitarian channel in Qatar (HC) to further facilitate the flow of humanitarian assistance to the people of Iran consistent... more

2 months ago

OFAC (US)

Ramifications under trade credit & political risk insurance policies for insured’s decision to voluntarily cease business operations within a country

The ongoing imposition of sanctions against Russia arising from the attack upon Ukraine creates a number of significant issues for insurers which have written trade credit and/or... more

2 months ago

Sanctions Insight

The ripple effects of sanctions

Having been accused of getting off to a slow start in relation to the imposition of sanctions arising out of developments in Russia and Ukraine, the UK... more

2 months ago

Sanctions Insight

Part 3 of the Economic Crime Act 2022 introduces strict liability financial penalties for sanctions

On 15 March 2022, the Economic Crime (Transparency and Enforcement) Act 2022 (“the Act”) received royal assent. Having been on the political agenda since 2016, the Act... more

2 months ago

Sanctions Insight

The UK passes new legislation amending Russia sanctions measures

Import prohibitions: On the 15 July 2022, the UK Parliament passed The Russia (Sanctions) (EU Exit) (Amendment) (No. 11) Regulations 2022 (legislation.gov.uk) which makes related consequential amendments... more

2 months ago

Sanctions Insight

OFAC has updated its SDN List. Please visit the URL below to view this action... more

2 months ago

OFAC (US)

The Department of the Treasury's Office of Foreign Assets Control (OFAC) is issuing Russia-related General License 55A, "Authorizing Certain Services Related to Sakhalin-2" and Russia-related General License 72,... more

2 months ago

OFAC (US)

Cyber-related Designations

OFAC has updated its SDN List. Please visit the URL below to view this action... more

2 months ago

OFAC (US)

Sudan Designation; Counter Narcotics Designations Removals

OFAC has updated its SDN List. Please visit the URL below to view this action... more

2 months ago

OFAC (US)

Introduction to OFAC - Episode 2

Today, OFAC is releasing the second episode of its “Introduction to OFAC” web series, a series of short videos created to provide viewers with a high-level introduction on... more

3 months ago

OFAC (US)

Democratic Republic of the Congo-related Designations; Russia-related Designations; Global Magnitsky Designation Update

OFAC has updated its SDN List. Please visit the URL below to view this action... more

3 months ago

OFAC (US)

OFAC has updated its SDN List. Please visit the URL below to view this action... more

3 months ago

OFAC (US)

Settlement Agreement between the U.S. Department of the Treasury’s Office of Foreign Assets Control, and Construction Specialties Inc.

The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) today announced a $660,594 settlement with Construction Specialties Inc. (“CS”). CS has agreed to settle its... more

3 months ago

OFAC (US)

OFAC to retire PIP, DEL, and SDALL.ZIP file formats of the sanctions list on or about the week of September 18, 2023

UPDATE: OFAC is extending the retirement date for the PIP, DEL, and SDALL.ZIP sanctions list file formats to on or about, the week of September 18, 2023. Please... more

3 months ago

OFAC (US)

The Department of the Treasury's Office of Foreign Assets Control (OFAC) is publishing one Russia-related Frequently Asked Question (1131). The following additions have been made to OFAC's list... more

3 months ago

OFAC (US)

Lebanon Designations; Issuance of Russia-related General License

The Department of the Treasury's Office of Foreign Assets Control (OFAC) is issuing Russia-related General License 13F, "Authorizing Certain Administrative Transactions Prohibited by Directive 4 under Executive Order... more

3 months ago

OFAC (US)

Counter Narcotics Designations; Belarus Designations; Issuance of Belarus General Licenses

The Department of the Treasury's Office of Foreign Assets Control (OFAC) is issuing Belarus General License 8 "Authorizing the Wind Down of Transactions Involving Joint Stock Company Byelorussian... more

3 months ago

OFAC (US)

Sanctions Compliance Guidance for the Provision of Humanitarian Assistance to Syria

The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) is issuing an OFAC Compliance Communique: Guidance for the Provision of Humanitarian Assistance to Syria in... more

3 months ago

OFAC (US)

Publication of Mali Sanctions Regulations

The Department of the Treasury's Office of Foreign Assets Control (OFAC) is amending the Mali Sanctions Regulations and reissuing them in their entirety. This regulatory amendment is currently... more

4 months ago

OFAC (US)

OFAC has updated its SDN List. Please visit the URL below to view this action... more

4 months ago

OFAC (US)

Counter Terrorism Designations and Designation Update; Balkans-related Designations

OFAC has updated its SDN List. Please visit the URL below to view this action... more

4 months ago

OFAC (US)

Introduction to OFAC Video Series

Today, OFAC is releasing the first episode of its "Introduction to OFAC" web series, a series of short videos created to provide viewers with a high-level introduction on... more

4 months ago

OFAC (US)

OFAC has updated its SDN List. Please visit the URL below to view this action... more

4 months ago

OFAC (US)

Counter Terrorism Designation

OFAC has updated its SDN List. Please visit the URL below to view this action... more

4 months ago

OFAC (US)

Publication of Tri-Seal Compliance Note: Voluntary Self-Disclosure of Potential Violations

Today, the U.S. Department of Justice (DOJ), the U.S. Department of Commerce’s Bureau of Industry and Security (BIS), and the U.S. Department of the Treasury’s Office of Foreign... more

4 months ago

OFAC (US)

The Department of the Treasury's Office of Foreign Assets Control (OFAC) is issuing Russia-related General License 70, "Authorizing the Wind Down of Transactions Involving Joint Stock Company Ural... more

4 months ago

OFAC (US)

Counter Narcotics Designations; Counter Narcotics Designations Removals

OFAC has updated its SDN List. Please visit the URL below to view this action... more

4 months ago

OFAC (US)

OFAC has updated its SDN List. Please visit the URL below to view this action... more

4 months ago

OFAC (US)

Issuance of Venezuela-Related General License 40B; Publication of Hostages and Wrongful Detention Sanctions Regulations

The Department of the Treasury's Office of Foreign Assets Control (OFAC) is issuing Venezuela-Related General License 40B, "Authorizing Certain Transactions Involving the Exportation or Reexportation of Liquefied Petroleum... more

4 months ago

OFAC (US)

OFAC to retire PIP, DEL, and SDALL.ZIP file formats of the sanctions list on or about August 15, 2023

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,... more

4 months ago

OFAC (US)

The Importance of Effective Sanctions Screening - Swedbank Latvia is fined $3.4 million for US sanct

5 months ago

Sanctions Insight

Reminder to file the 2023 Annual Report of Blocked Property

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... more

5 months ago

OFAC (US)

Counter Terrorism Designations Updates; Counter Narcotics Designations Removals; Venezuela-related Designations Removals

OFAC has updated its SDN List. Please visit the URL below to view this action... more

5 months ago

OFAC (US)

Publication of a Joint Fact Sheet on Understanding UK and U.S. Russia-Related Sanctions and the Provision of Humanitarian Assistance

In furtherance of the recent commitments by the United States and United Kingdom to protect humanitarian activity from the unintended impacts of sanctions and in support of the... more

5 months ago

OFAC (US)

The Department of the Treasury's Office of Foreign Assets Control (OFAC) is publishing an Africa Gold Advisory. In addition, the following updates have been made to OFAC's list... more

5 months ago

OFAC (US)

The Department of the Treasury's Office of Foreign Assets Control (OFAC) is issuing Burma-related General License 5 "Authorizing the Wind Down of Transactions Involving Myanma Investment and Commercial... more

5 months ago

OFAC (US)

Settlement Agreement between the U.S. Department of the Treasury's Office of Foreign Assets Control and Swedbank AS (Latvia)

The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) today announced a settlement with Swedbank AS (Latvia) ("Swedbank Latvia"), a subsidiary of Swedbank AB (publ),... more

5 months ago

OFAC (US)

Counter Terrorism Designations; South Sudan-related Sanctions

OFAC has updated its SDN List. Please visit the URL below to view this action... more

5 months ago

OFAC (US)

Transnational Criminal Organizations Designations

OFAC has updated its SDN List. Please visit the URL below to view this action... more

5 months ago

OFAC (US)

Non-proliferation Designation; North Korea Designation; Russia-related Designation Update

OFAC has updated its SDN List. Please visit the URL below to view this action... more

5 months ago

OFAC (US)

Publication of a Fact Sheet on the Provision of Humanitarian Assistance and Trade to Combat COVID-19; Issuance of Iran-related, Venezuela-related, Syria General Licenses and Amended Frequently Asked Questions

The United States Department of the Treasury’s Office of Foreign Assets Control (OFAC) is publishing a Fact Sheet on the "Provision of Humanitarian Assistance and Trade to Combat... more

5 months ago

OFAC (US)

OFAC to retire its FTP server (OFACFTP.treas.gov) on or about June 10, 2024

OFAC will retire its public-facing file transfer protocol (FTP) server (ofacftp.treas.gov) on or about June 10, 2024. In order to comply with updated Treasury security policies, OFAC will... more

5 months ago

OFAC (US)

Guidance to Industry on Iran’s UAV-Related Activities

Today, the Office of Foreign Assests Control (OFAC) has published Guidance to Industry on Iran’s UAV-Related Activities.... more

5 months ago

OFAC (US)

Counter Terrorism Designations; Iran-related Designations Updates; Non-Proliferation Designation Update

OFAC has updated its SDN List. Please visit the URL below to view this action... more

5 months ago

OFAC (US)

OFAC has updated its SDN List. Please visit the URL below to view this action... more

5 months ago

OFAC (US)

The Department of the Treasury's Office of Foreign Assets Control (OFAC) is issuing Iran-related General License P "Authorizing the Wind Down of Transactions Involving Navyan Abr Arvan Private... more

6 months ago

OFAC (US)

Counter Terrorism Designations; Sudan Designations; Russia-related Designation Removal; Issuance of Sudan General Licenses

The Department of the Treasury's Office of Foreign Assets Control (OFAC) is issuing Sudan General License Number 1 "Official Business of Certain International Organizations and Entities;" Sudan General... more

6 months ago

OFAC (US)

Counter Narcotics Designations; Syria Designations

OFAC has updated its SDN List. Please visit the URL below to view this action... more

6 months ago

OFAC (US)

OFAC has updated its SDN List. Please visit the URL below to view this action... more

6 months ago

OFAC (US)

Counter Terrorism Designations; Somalia Designations

OFAC has updated its SDN List. Please visit the URL below to view this action... more

6 months ago

OFAC (US)

North Korea Designations; Issuance of Venezuela-related General License

The Department of the Treasury's Office of Foreign Assets Control (OFAC) is issuing Venezuela-related General License 8L "Authorizing Transactions Involving Petroleos de Venezuela, S.A. (PdVSA) Necessary for the... more

6 months ago

OFAC (US)

The Department of the Treasury’s Office of Foreign Assets Control (OFAC) is issuing Russia-related General License 13E, “Authorizing Certain Administrative Transactions Prohibited by Directive 4 under Executive Order... more

6 months ago

OFAC (US)

Settlement Agreements between the U.S. Department of the Treasury’s Office of Foreign Assets Control; Murad, LLC, and an Individual

The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) today announced a $3,334,286 settlement with Murad, LLC (“Murad”), and a $175,000 settlement with a natural... more

6 months ago

OFAC (US)

Publication of South Sudan Sanctions Regulations

The Department of the Treasury's Office of Foreign Assets Control (OFAC) is amending the South Sudan Sanctions Regulations and reissuing them in their entirety. This regulatory amendment is... more

6 months ago

OFAC (US)

Cyber-related Designation

OFAC has updated its SDN list. Please visit the URL below to view this action... more

6 months ago

OFAC (US)

Ukraine-/Russia-related Designation Removal

OFAC has updated its SSI List. Please visit the URL below to view this action... more

6 months ago

OFAC (US)

Important Technical Notice for Users of the OFAC website on SSL Certificates

The Office of Foreign Assets Control has published this technical notice for users of its website and sanctions list data files. Please visit the URL below to view... more

6 months ago

OFAC (US)

Issuance of Executive Order Imposing Sanctions on Certain Persons Destabilizing Sudan and Undermining the Goal of a Democratic Transition

Today, the President signed a new Executive Order Imposing Sanctions on Certain Persons Destabilizing Sudan and Undermining the Goal of a Democratic Transition. In addition, the Department of... more

7 months ago

OFAC (US)

Counter Terrorism Designations

OFAC has updated its SDN List. Please visit the URL below to view this action... more

7 months ago

OFAC (US)

Settlement Agreement between the U.S. Department of the Treasury’s Office of Foreign Assets Control and Poloniex, LLC

The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) today announced a settlement with Poloniex, LLC (“Poloniex”). Poloniex agreed to remit $7,591,630 to settle its... more

7 months ago

OFAC (US)

Issuance of Venezuela-related General License; Publication of New and Amended Venezuela-related Frequently Asked Questions

The Department of the Treasury's Office of Foreign Assets Control (OFAC) is issuing Venezuela General License 42, "Authorizing Certain Transactions Related to the Negotiation of Certain Settlement Agreements with... more

7 months ago

OFAC (US)

Hostages and Wrongfully Detained U.S. Nationals Designations; Counter Narcotics Designations and Removal; Iran-related Designations Updates and Removals; Issuance of Cyber-related General License and Amended Frequently Asked Questions

The Department of the Treasury's Office of Foreign Assets Control (OFAC) is issuing Cyber-related General License 1C, "Authorizing Certain Transactions with the Federal Security Service." OFAC is also... more

7 months ago

OFAC (US)

Technical Corrections in the Iranian Transactions and Sanctions Regulations and Western Balkans Stabilization Regulations

The Federal Register has posted a regulatory amendment from the Office of Foreign Assets Control (OFAC) for public inspection today. This amendment updates the Iranian Transactions and Sanctions... more

7 months ago

OFAC (US)

Settlement Agreement between the U.S. Department of the Treasury's Office of Foreign Assets Control and British American Tobacco p.l.c.

The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) today announced a $508,612,492 settlement with British American Tobacco p.l.c. ("BAT"). BAT, a London, England-headquartered tobacco... more

7 months ago

OFAC (US)

OFAC has updated its SDN List. Please visit the URL below to view this action... more

7 months ago

OFAC (US)

The Department of the Treasury's Office of Foreign Assets Control (OFAC) is issuing Venezuela-related General License 5k, "Authorizing Certain Transactions Related to the Petroleos de Venezuela, S.A. 2020... more

7 months ago

OFAC (US)

Counter Terrorism Designations and Designation Removal

OFAC has updated its SDN List. Please visit the URL below to view this action... more

7 months ago

OFAC (US)

Publication of Alert on Possible Evasion of the Russian Oil Price Cap

The Department of the Treasury's Office of Foreign Assets Control (OFAC) has published an alert, "Possible Evasion of the Russian Oil Price Cap," to warn U.S. persons about... more

7 months ago

OFAC (US)

Counter Narcotics Designations; Russia-related Designations Updates

OFAC has updated its SDN List. Please visit the URL below to view this action... more

7 months ago

OFAC (US)

The Department of the Treasury's Office of Foreign Assets Control (OFAC) is issuing Russia-related General License 62, "Authorizing the Wind Down of Transactions Involving Holdingovaya Kompaniya Metalloinvest AO,... more

7 months ago

OFAC (US)

Counter Terrorism Designation and Designations Updates

OFAC has updated its SDN List. Please visit the URL below to view this action... more

7 months ago

OFAC (US)

Settlement Agreement between the U.S. Department of the Treasury's Office of Foreign Assets Control and Microsoft Corporation

The U.S. Department of the Treasury's Office of Foreign Assets Control ("OFAC") today announced a settlement with Microsoft Corporation ("Microsoft"), a multinational technology company headquartered in Redmond, Washington.... more

7 months ago

OFAC (US)

OFAC has updated its SDN List. Please visit the URL below to view this action... more

8 months ago

OFAC (US)

Lebanon Designations

OFAC has updated its SDN List. Please visit the URL below to view this action... more

8 months ago

OFAC (US)

Settlement Agreement between the U.S. Department of the Treasury’s Office of Foreign Assets Control and Uphold HQ Inc.

The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) today announced a settlement with Uphold HQ Inc. (“Uphold”). Uphold agreed to remit $72,230.32 to settle... more

8 months ago

OFAC (US)

Global Magnitsky Designation; Issuance of Global Magnitsky General License and Frequently Asked Question

The Department of the Treasury's Office of Foreign Assets Control (OFAC) is issuing Global Magnitsky General License 7, "Authorizing Certain Transactions Involving Tabacalera del Este S.A. or Tabacos... more

8 months ago

OFAC (US)

Settlement Agreement between the U.S. Department of the Treasury's Office of Foreign Assets Control and Wells Fargo Bank, N.A. ("Wells Fargo"); Issuance of Amended Russia-related Frequently Asked Question

The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) today announced a settlement with Wells Fargo Bank, N.A. ("Wells Fargo"). Wells Fargo agreed to remit... more

8 months ago

OFAC (US)

North Korea Designation; Counter-Narcotics Designations Removals; Venezuela-related Designation Removal

OFAC has updated its SDN List. Please visit the URL below to view this action... more

8 months ago

OFAC (US)

Counter Terrorism Designations; Syria Designations

OFAC has updated its SDN List. Please visit the URL below to view this action... more

8 months ago

OFAC (US)

The Department of the Treasury's Office of Foreign Assets Control (OFAC) is amending the Belarus Sanctions Regulations and reissuing them in their entirety. This regulatory amendment is currently... more

8 months ago

OFAC (US)

OFAC has updated its SDN List. Please visit the URL below to view this action... more

8 months ago

OFAC (US)

OFSI: Update to Enforcement Guidance on Ownership and Control

8 months ago

Sanctions Insight

OFAC has updated its SDN List. Please visit the URL below to view this action... more

8 months ago

OFAC (US)

OFAC has updated its SDN and SSI Lists. Please visit the URL below to view this action... more

8 months ago

OFAC (US)

Global Magnitsky Designations; Russia-related Designations

OFAC has updated its SDN List. Please visit the URL below to view this action... more

9 months ago

OFAC (US)

Publication of Tri-Seal Compliance Note: Cracking Down on Third-Party Intermediaries Used to Evade Russia-Related Sanctions and Export Controls

Today, the U.S. Department of Commerce’s Bureau of Industry and Security (BIS), the U.S. Department of Justice (DOJ), and the U.S. Department of the Treasury’s Office of Foreign... more

9 months ago

OFAC (US)

Counter Narcotics and Iran-related Designations; Russia-related Designations Updates; Issuance of Iran-related General License and Guidance; Publication of Fraud Alert

The Department of the Treasury's Office of Foreign Assets Control (OFAC) has published an Alert "Notice of Fraudulent Communications Requesting Payments involving OFAC" to make the public aware... more

9 months ago

OFAC (US)

Settlement Agreement between the U.S. Department of the Treasury’s Office of Foreign Assets Control and Godfrey Phillips India, Ltd.

The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) today announced a $332,500 settlement with Godfrey Phillips India Limited ("GPI"). GPI, a Mumbai, India-registered tobacco... more

9 months ago

OFAC (US)

North Korea Designations

OFAC has updated its SDN List. Please visit the URL below to view this action... more

9 months ago

OFAC (US)

Counter Narcotics Designation and Designation Update

OFAC has updated its SDN List. Please visit the URL below to view this action... more

9 months ago

OFAC (US)

Supplemental Guidance for the Provision of Humanitarian Assistance

The Department of the Treasury's Office of Foreign Assets Control (OFAC) has issued a humanitarian assistance fact sheet, Supplemental Guidance for the Provision of Humanitarian Assistance. This 2023... more

9 months ago

OFAC (US)

The Department of the Treasury's Office of Foreign Assets Control (OFAC) is issuing Russia-related General License 8F, "Authorizing Transactions Related to Energy," General License 13D, "Authorizing Certain Administrative... more

9 months ago

OFAC (US)

Counter Narcotics Designations

OFAC has updated its SDN List. Please visit the URL below to view this action... more

9 months ago

OFAC (US)

Sanctions Compliance Guidance for Authorized Transactions Related to Earthquake Relief Efforts in Syria

The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) is issuing an OFAC Compliance Communique: Guidance on Authorized Transactions Related to Earthquake Relief Efforts in... more

9 months ago

OFAC (US)

Issuance of Syria General License

The Department of the Treasury's Office of Foreign Assets Control (OFAC) is issuing Syria General License 23 "Authorizing Transactions Related to Earthquake Relief Efforts in Syria."... more

9 months ago

OFAC (US)

Transnational Criminal Organizations Designations and Designations Removals; Publication of Russia-related Frequently Asked Question

The Department of the Treasury's Office of Foreign Assets Control (OFAC) is publishing one Russia-related Frequently Asked Question (1113). The following additions and removals have been made to... more

9 months ago

OFAC (US)

Review of Australia’s Sanction Framework

The Department of Foreign Affairs (DFAT), led by the Australian Sanctions Office (ASO), is undertaking a review of Australia’s Autonomous Sanctions Framework (Review),[1] ahead of the expiry on... more

9 months ago

Baker Mckenzie US

Guidance on Implementation of the Price Cap Policy for Crude Oil and Petroleum Products of Russian Federation Origin; Publication of Russia-related Determinations; Issuance of Russia-related General Licenses

The Department of the Treasury's Office of Foreign Assets Control (OFAC) has published a determination pursuant to section 1(a)(ii), 1(b), and 5 of Executive Order (E.O.) 14071 and... more

10 months ago

OFAC (US)

OFAC has updated its SDN List. Please visit the URL below to view this action... more

10 months ago

OFAC (US)

Switzerland implements the 9th package of EU sanctions against Russia

On 25 January 2023, Switzerland implemented the EU’s 9th sanctions package adopted on 16 December 2022, and is now again by and large in alignment with EU sanctions... more

10 months ago

Baker Mckenzie US

OFAC has updated its SDN List. Please visit the URL below to view this action... more

10 months ago

OFAC (US)

Burma-related Designations

OFAC has updated its SDN List. Please visit the URL below to view this action... more

10 months ago

OFAC (US)

Japan introduces further sanctions against Russia

The Japanese government introduced further sanctions against Russia and Belarus on 27 January 2023. These include: Designations of additional Russian individuals and entities The Japanese government designated an... more

10 months ago

Baker Mckenzie US

The Department of the Treasury's Office of Foreign Assets Control (OFAC) is issuing Global Magnitsky General License 5, "Authorizing Certain Transactions Related to Frigorifico Chajha S.A.E." and General... more

10 months ago

OFAC (US)

US President Signs Bill Targeting Theft of US Trade Secrets Into Law

On January 5, 2023, President Biden signed the Protecting American Intellectual Property Act into law. This law seeks to deter the theft of US intellectual property by non-US... more

10 months ago

Baker Mckenzie US

OFAC has updated its SDN List. Please visit the URL below to view this action... more

10 months ago

OFAC (US)

Counter Terrorism Designation Removal

OFAC has updated its SDN List. Please visit the URL below to view this action... more

10 months ago

OFAC (US)

Issuance of Venezuela-related General License and Amended Venezuela-related Frequently Asked Question

The Department of the Treasury's Office of Foreign Assets Control (OFAC) is issuing Venezuela-related General License 5J, "Authorizing Certain Transactions Related to the Petroleos de Venezuela, S.A. 2020... more

10 months ago

OFAC (US)

Issuance of Russia-related General Licenses and Amended Russia-related Frequently Asked Questions

The Department of the Treasury's Office of Foreign Assets Control (OFAC) is issuing Russia-related General License 6C "Transactions Related to Agricultural Commodities, Medicine, Medical Devices, Replacement Parts and... more

10 months ago

OFAC (US)

US President Signs Two Bills with Implications for Sanctions, Export Controls, and Related Subjects

Just before the holidays, President Biden signed two bills passed in the final days of the last Congress that contain a number of provisions with implications for sanctions,... more

10 months ago

Baker Mckenzie US

Taiwan expands the list of export control items to Russia and Belarus

On January 4, 2023, Taiwan announced the addition of 52 new export control entries controlling nuclear energy and other commodities, materials and chemicals, tools and machineryfor Russia and... more

10 months ago

Baker Mckenzie US

Issuance of Counter Terrorism General License and Amended Frequently Asked Question

The Department of the Treasury's Office of Foreign Assets Control (OFAC) is issuing Counter Terrorism General License 21B "Authorizing Limited Safety and Environmental Transactions Involving Certain Vessels" and... more

10 months ago

OFAC (US)

Implementation of the Federal Civil Penalties Inflation Adjustment Act

The Department of the Treasury's Office of Foreign Assets Control (OFAC) is amending its regulations to implement for 2023 the Federal Civil Penalties Inflation Adjustment Act of 1990,... more

10 months ago

OFAC (US)

Publication of Iran-related Frequently Asked Questions

The Department of the Treasury's Office of Foreign Assets Control (OFAC) is publishing one new Iran-related Frequently Asked Question (FAQ 1110) and amending several Iran-related Frequently Asked Questions... more

10 months ago

OFAC (US)

Issuance of Venezuela-related General License and Amended Frequently Asked Questions

The Department of the Treasury's Office of Foreign Assets Control (OFAC) is issuing Venezuela-related General License 31B, "Certain Transactions Involving the IV Venezuelan National Assembly and Certain Other Persons." ... more

10 months ago

OFAC (US)

OFAC Publishes Preliminary Guidance on Implementing the Price Cap Policy for Petroleum Products of Russian Origin

On December 30, 2022, the US Department of the Treasury’s Office of Foreign Assets Control (“OFAC”) issued “Preliminary Guidance on Implementation of the Price Cap Policy for Petroleum... more

10 months ago

Baker Mckenzie US

OFAC has updated its SDN List. Please visit the URL below to view this action... more

10 months ago

OFAC (US)

The Department of the Treasury's Office of Foreign Assets Control (OFAC) is publishing one Russia-related Frequently Asked Question (1109). The following additions, removals, and changes have been made... more

11 months ago

OFAC (US)

Publication of Humanitarian-related Regulatory Amendments and Associated Frequently Asked Questions

The Department of the Treasury's Office of Foreign Assets Control (OFAC) is amending multiple regulations to add or revise certain general licenses (GLs) across a number of OFAC... more

11 months ago

OFAC (US)

Publication of Illicit Drug Trade Sanctions Regulations

The Department of the Treasury's Office of Foreign Assets Control (OFAC) is adding regulations to implement Executive Order 14059 of December 15, 2021, "Imposing Sanctions on Foreign Persons... more

11 months ago

OFAC (US)

The Department of the Treasury's Office of Foreign Assets Control (OFAC) is issuing Russia-related General License 8E,"Authorizing Transactions Related to Energy," General License 58, "Authorizing the Wind Down... more

11 months ago

OFAC (US)

Zimbabwe Designations and Designations Removals; North Korea Designation Update; Iran-related Designation Removal; Syria Designations Removals; Foreign Sanctions Evaders Determination Removals

OFAC has updated its SDN List. Please visit the URL below to view this action... more

11 months ago

OFAC (US)

Global Magnitsky Designations; North Korea Designations; Iran-related Designations; Russia-related Designations and Designation Update

OFAC has updated its SDN List. Please visit the URL below to view this action... more

11 months ago

OFAC (US)

Global Magnitsky Designations; Issuance of Global Magnitsky General Licenses and Frequently Asked Questions

The Department of the Treasury's Office of Foreign Assets Control (OFAC) is issuing Global Magnitsky General License 3, "Authorizing Transactions Related to Debt or Equity of Pingtan Marine... more

11 months ago

OFAC (US)

Counter Terrorism Designations; Iran-related Designations

OFAC has updated its SDN List. Please visit the URL below to view this action... more

11 months ago

OFAC (US)

Publication of Russia-related Determination

The Department of the Treasury has published a Determination pursuant to Executive Order 14071 related to a price cap on crude oil of Russian Federation origin... more

1 year ago

OFAC (US)

Counter Terrorism Designations; North Korea Designations

OFAC has updated its SDN List. Please visit the URL below to view this action... more

1 year ago

OFAC (US)

Settlement Agreement between the U.S. Department of the Treasury's Office of Foreign Assets Control and Payward, Inc. ("Kraken")

The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) today announced a settlement with Payward, Inc. d/b/a Kraken ("Kraken"), a Delaware-incorporated virtual currency exchange with... more

1 year ago

OFAC (US)

Issuance of Venezuela-Related General Licenses and Frequently Asked Questions

The Department of the Treasury's Office of Foreign Assets Control (OFAC) is issuing Venezuela-related General License 8K, "Authorizing Transactions Involving Petróleos de Venezuela, S.A. (PdVSA) Necessary for the... more

1 year ago

OFAC (US)

Iran-related Designations and Designation Update

OFAC has updated its SDN List. Please visit the URL below to view this action... more

1 year ago

OFAC (US)

Issuance of Russia-related General License

The Department of the Treasury's Office of Foreign Assets Control (OFAC) is issuing Russia-related General License 13C "Authorizing Certain Administrative Transactions Prohibited by Directive 4 under Executive Order... more

1 year ago

OFAC (US)

Global Magnitsky Designations

OFAC has updated its SDN List. Please visit the URL below to view this action... more

1 year ago

OFAC (US)

Iran-related Designations

OFAC has updated its SDN List. Please visit the URL below to view this action... more

1 year ago

OFAC (US)

The Department of the Treasury's Office of Foreign Assets Control (OFAC) is issuing Counter Terrorism General License 21 "Authorizing Limited Safety and Environmental Transactions Involving Certain Vessels", and... more

1 year ago

OFAC (US)

The Department of the Treasury's Office of Foreign Assets Control (OFAC) is issuing Russia-related General License 40C "Civil Aviation Safety". Also, the following additions, removals, and changes have... more

1 year ago

OFAC (US)

Counter Terrorism Designations; Counter Narcotics Designations

OFAC has updated its SDN List. Please visit the URL below to view this action... more

1 year ago

OFAC (US)

Today, the Department of the Treasury's Office of Foreign Assets Control (OFAC) has published one new Cyber-related Frequently Asked Question (1095), and three amended Cyber-related FAQs (FAQs 1076,... more

1 year ago

OFAC (US)

UK Government introduces new sanctions against Russia

1 year ago

Sanctions Insight

Publication of Russia-related Frequently Asked Question

The Department of the Treasury's Office of Foreign Assets Control (OFAC) is publishing a Russia-related Frequently Asked Question (1094).... more

1 year ago

OFAC (US)

Counter Terrorism Designation; Iran-related Designation

OFAC has updated its SDN List. Please visit the URL below to view this action... more

1 year ago

OFAC (US)

OFAC has updated its SDN List. Please visit the URL below to view this action... more

1 year ago

OFAC (US)

Landlords - Stop press for Stoptober!

1 year ago

Sanctions Insight

Russia-related Designations

OFAC has updated its SDN List. Please visit the URL below to view this action... more

1 year ago

OFAC (US)

The U.S. Department of the Treasury's Office of Foreign Assets Control Issues Finding of Violation to Nodus International Bank, Inc.

The United States Department of the Treasury's Office of Foreign Assets Control (OFAC) today announced the issuance of a Finding of Violation to Nodus International Bank, Inc. (Nodus),... more

1 year ago

OFAC (US)

Counter Terrorism Designations and Designation Update; Libya Designation Removal; Issuance of Russia-related General License

The Department of the Treasury's Office of Foreign Assets Control (OFAC) is issuing Russia-related General License 28A. In addition, OFAC has updated the following lists:... more

1 year ago

OFAC (US)

Publication of a Russia-related Alert: Impact of Sanctions and Export Controls on Russia's Military-Industrial Complex; Publication of Russia-related Frequently Asked Question

The Department of the Treasury's Office of Foreign Assets Control (OFAC) is publishing a Russia-related Alert: Impact of Sanctions and Export Controls on Russia's Military-Industrial Complex. Additionally, OFAC... more

1 year ago

OFAC (US)

Settlement Agreement between the U.S. Department of the Treasury's Office of Foreign Assets Control and Bittrex, Inc.

The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) today announced a settlement with Bittrex, Inc., a private company based in Bellevue, Washington that provides... more

1 year ago

OFAC (US)

Transnational Criminal Organizations Designations; North Korea Designations

OFAC has updated its SDN List. Please visit the URL below to view this action... more

1 year ago

OFAC (US)

OFAC has updated its SDN List. Please visit the URL below to view this action... more

1 year ago

OFAC (US)

Balkans-related Designations

OFAC has updated its SDN List. Please visit the URL below to view this action... more

1 year ago

OFAC (US)

Sanctions Compliance Guidance for Instant Payment Systems; Settlement Agreement between OFAC and Tango Card, Inc.; Issuance of Libyan Sanctions Regulations

The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) is publishing "Sanctions Compliance Guidance for Instant Payment Systems” which emphasizes the importance of taking a... more

1 year ago

OFAC (US)

The Department of the Treasury's Office of Foreign Assets Control (OFAC) is publishing a Russia-related Frequently Asked Question (1091). In addition, OFAC has updated the following lists:... more

1 year ago

OFAC (US)

Issuance of Central African Republic Sanctions Regulations and Western Balkans Stabilization Regulations

The Department of the Treasury’s Office of Foreign Assets Control (OFAC) is reissuing in their entirety the Central African Republic Sanctions Regulations, 31 CFR part 553, and the... more

1 year ago

OFAC (US)

Reports for Licensing Activities Undertaken Pursuant to the Trade Sanctions Reform and Export Enhancement Act of 2000 (TSRA)

The Department of the Treasury's Office of Foreign Assets Control (OFAC) has released Quarterly Reports of Licensing Activities pursuant to Section 906(b) of the Trade Sanctions Reform and... more

1 year ago

OFAC (US)

Settlement Agreements between the U.S. Department of the Treasury's Office of Foreign Assets Control and CA Indosuez Switzerland S.A., and CFM Indosuez Wealth

The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) today announced a settlement with CA Indosuez Switzerland S.A. ("CAIS"), an indirect subsidiary of Credit Agricole... more

1 year ago

OFAC (US)

The Department of the Treasury's Office of Foreign Assets Control (OFAC) is publishing one new Cuba Frequently Asked Question (1090). In addition, the following name has been added to... more

1 year ago

OFAC (US)

Issuance of Iran General License D-2 and related Frequently Asked Questions

The Department of the Treasury's Office of Foreign Assets Control (OFAC) is issuing Iran General License D-2 "General License with Respect to Certain Services, Software, and Hardware Incident... more

1 year ago

OFAC (US)

OFAC has updated its SDN List. Please visit the URL below to view this action... more

1 year ago

OFAC (US)

Reminder for the Annual Report of Blocked Property

On July 1, 2022, the Office of Foreign Assets Control (OFAC) issued a recent actions notice, reminding holders of property blocked pursuant to OFAC sanctions regulations published in... more

1 year ago

OFAC (US)

Publication of Russia-related Determinations and Frequently Asked Questions

Today, the Department of the Treasury's Office of Foreign Assets Control (OFAC) has published a Determination Pursuant to Section 1(a)(i) of Executive Order 14024, a Determination Pursuant to... more

1 year ago

OFAC (US)

The Department of the Treasury's Office of Foreign Assets Control (OFAC) is issuing Russia-related General License 51 "Authorizing the Wind Down of Transactions Involving Limited Liability Company Group... more

1 year ago

OFAC (US)

Cyber-related Designations; Iran-related Designations

OFAC has updated its SDN List. Please visit the URL below to view this action... more

1 year ago

OFAC (US)

Publication of Cyber-related Frequently Asked Questions

The Department of the Treasury's Office of Foreign Assets Control (OFAC) is publishing new Cyber-related Frequently Asked Questions (1076-1079).... more

1 year ago

OFAC (US)

Preliminary Guidance on Implementation of a Maritime Services Policy and Related Price Exception for Seaborne Russian Oil

Today, the U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) is publishing preliminary guidance on the implementation of a maritime services policy and related price... more

1 year ago

OFAC (US)

OFAC has updated its SDN List. Please visit the URL below to view this action... more

1 year ago

OFAC (US)

The Department of the Treasury's Office of Foreign Assets Control (OFAC) is issuing Russia-related General License 13B. In addition, the following names have been added to OFAC's list... more

1 year ago

OFAC (US)

Updates Related to Price Cap on Russian Oil

On September 2, 2022, G7 Finance Ministers issued a statement confirming their joint intention to implement a price cap with respect to Russian-origin crude oil and petroleum products.... more

1 year ago

OFAC (US)

Amendment to the Cyber-Related Sanctions Regulations and Associated Administrative List Updates

OFAC is amending, and reissuing in their entirety, the Cyber-Related Sanctions Regulations, 31 C.F.R. part 578. This administrative action replaces the regulations that were published in abbreviated form... more

1 year ago

OFAC (US)

Issuance of Iran General License M-2 and Amended Frequently Asked Question

The Department of the Treasury's Office of Foreign Assets Control (OFAC) is issuing Iran General License M-2 "Authorizing the Exportation of Certain Graduate Level Educational Services and Software".... more

1 year ago

OFAC (US)

Australia applies Magnitsky sanctions for first time

On 29 March 2022, Australia’s Minister for Foreign Affairs (the Minister) designated 39 individuals, including a number of Russian individuals engaged in serious corruption and human rights... more

1 year ago

Sanctions Insight

Global Russia Sanctions Update

A number of states and international actors have unveiled further sanctions measures on Russia in relation to its activities in or in relation to Ukraine. In a previous... more

1 year ago

Sanctions Insight

China’s New Law on Countering Foreign Sanctions

On 10 June 2021, the National People’s Congress Standing Committee of the People’s Republic of China passed the Law of the PRC on Countering Foreign Sanctions (the... more

2 years ago

Sanctions Insight

New UK corruption based sanctions regime to be at the forefront of British foreign policy

On 16 March 2021 the UK published its Integrated Review of Security, Defence, Development and Foreign Policy titled "Global Britain in a competitive age", which sets out the... more

2 years ago

Sanctions Insight