OFAC News and Updates
U.S. employers plan to cut GLP-1 obesity drug coverage as usage lifts benefit costs
Rising use of obesity medicines is prompting some large U.S. employers to reconsider whether they will keep paying for GLP-1 treatments in 2027. Lower prices for Novo Nordisk's Wegovy and Eli ...
U.S. Treasury sanctions nine over Iran weapons procurement network
Washington is intensifying financial pressure on Iran by targeting overseas channels used to source weapons and move related payments. The latest measures hit individuals and companies in China ...
U.S. expands Cuba sanctions to military entities and senior officials
Washington is widening sanctions on Cuban state entities and individuals under a new executive order aimed at threats to U.S. national security and repression in Cuba. The measures extend to the ...
U.S. charges Iran tech CEO over sanctions evasion scheme
Federal prosecutors say a California resident who runs a Tehran-based technology company is accused of channeling controlled U.S. networking and encryption equipment to sanctioned Iranian military ...
U.S. Treasury sanctions Iran crypto exchanges in wider financial pressure campaign
Washington is expanding financial restrictions on Iran by targeting digital asset platforms that U.S. authorities say support sanctions evasion and regime financing. The measures focus on Nobitex ...
U.S. Treasury sanctions Iran-linked procurement network targeting U.S. companies
The U.S. government is expanding pressure on Iran by targeting a procurement scheme that allegedly used fake identities and front companies to obtain restricted American technology. The action ...
U.S. Treasury removes 76 outdated sanctions targets from OFAC list
Treasury is advancing a sanctions modernization effort by removing 76 outdated targets from the Specially Designated Nationals and Blocked Persons List. The action is intended to keep U.S. ...
U.S. Treasury sanctions Persian Gulf Strait Authority over Strait of Hormuz toll scheme
The U.S. Treasury is escalating its economic pressure campaign on Iran by targeting an entity it says is used to extort commercial shipping in the Strait of Hormuz. The move places new sanctions ...
