OFAC

September 8 Deadline: Treasury’s “Operation Economic Outcast” Forces Banks and Companies to Unwind Iran-Related Activity

OFAC Tejaswini Deshmukh -
Five suspended general licenses expire in days; after that, a specific OFAC license is the only way to keep doing anything Iran-related that touches...

New OFAC advisory highlights risks of hidden asset control in sanctions evasion

OFAC Tejaswini Deshmukh -
The Office of Foreign Assets Control (OFAC), which operates under the U.S. Department of the Treasury, has issued a new sanctions advisory highlighting a...

Venezuela’s gold and mineral sector reopens as US lifts economic restrictions

OFAC Tejaswini Deshmukh -
The United States has lifted more sanctions on Venezuela’s gold and mineral industries. This decision was announced by the...

OFAC lists 21 crypto wallets linked to North Korea IT worker network generating $800 million

OFAC Tejaswini Deshmukh -
The Office of Foreign Assets Control (OFAC) has imposed sanctions on a crypto network connected to an overseas IT...

Sanctions reset propels BP, Chevron and Shell back into Venezuela’s vast oil reserves

OFAC Tejaswini Deshmukh -
The United States has approved new licences allowing major international energy companies — BP plc (LSE: BP), Chevron Corporation...

Adani faces U.S. sanctions probe over alleged Iran-linked transactions

OFAC Tejaswini Deshmukh -
Adani Enterprises has disclosed that it is facing a civil investigation by a United States government agency over certain...

Global crackdown intensifies as US sanctions 50 firms aiding Iran’s oil exports

OFAC Tejaswini Deshmukh -
The United States has taken a major step by imposing sanctions on more than 50 entities, vessels, and individuals...

Venezuelan network linked to Maduro and military named in U.S. terror sanctions

OFAC Tejaswini Deshmukh -
The U.S. government has taken a major step against international drug trafficking by labeling a Venezuela-based criminal network, Cártel...
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