OFAC News and Updates
OFAC updates Iran sanctions listing for Volta Shipping Services in Dubai
The U.S. Treasury is revising a sanctions record tied to a Dubai-based shipping company under its Iran-related restrictions program. The update changes an alias on Volta Shipping Services LLC's ...
OFAC updates Iran sanctions guidance and amends Venezuela bond license
The U.S. Treasury is expanding its sanctions compliance guidance with a new alert focused on Iran's use of false flags to evade restrictions. The Office of Foreign Assets Control also updates ...
Tether freezes $1.5 billion tied to Binance hack, intensifying crypto compliance focus
A rapid response to the 29 October Binance hack puts one of the digital asset sector's biggest anti-crime interventions at the center of scrutiny over sanctions enforcement and exchange security. ...
OFAC expands sanctions list with North Korea, Congo-related designations
The U.S. Treasury's sanctions enforcement arm is updating its Specially Designated Nationals list with new North Korea-related and Democratic Republic of the Congo-related entries. The action ...
Extreme Networks settles OFAC export violations case for $1.53 million
U.S. sanctions enforcement action is targeting exports of networking equipment and related services to a blocked Russian defense manufacturer. The case covers nine shipments from the United States ...
U.S. sanctions target five entities tied to trade secret theft case
Washington is expanding its response to intellectual property theft tied to sensitive technology after the conviction of Chinese national Linwei Ding. The move targets five entities linked to the ...
U.S. Treasury removes Venezuela-related SDN designations tied to Jorge Jesus Rodriguez Gomez
The U.S. sanctions list update removes several Venezuela-related entries tied to the same individual, Jorge Jesus Rodriguez Gomez. The action covers multiple name variations and aliases associated ...
Bank of America settles OFAC sanctions case for $11.7 million
U.S. sanctions compliance remains under close regulatory scrutiny as the Treasury Department reaches a new enforcement resolution with a major lender. The case covers 475 apparent violations tied ...
OFAC expands sanctions on Cartel del Noreste-linked businesses in Mexico
U.S. sanctions enforcement against narcotics trafficking and terrorism financing is widening with new designations tied to northern Mexico. The Office of Foreign Assets Control adds four ...
U.S. Treasury targets Iran-linked crypto seizure in sanctions push
The Trump administration is intensifying its financial pressure campaign against Iran with a planned cryptocurrency seizure that Treasury Secretary Scott Bessent says could reach $1 billion this ...
OFAC settlement requires Pegasus Worldwide Logistics to pay $175,015 over sanctions violations
U.S. sanctions enforcement is widening to include logistics activity tied to blocked property and compliance failures in cross-border trade. Pegasus Worldwide Logistics agrees to pay $175,015 ...
U.S. Treasury removes 125 sanctions list entries in OFAC modernization push
The U.S. Department of the Treasury is advancing an ongoing overhaul of its sanctions framework by removing outdated names and refining compliance data. The move covers 125 individuals and ...
U.S. Treasury expands terrorism sanctions with Hamas-linked SDN designations
The U.S. Treasury Department is adding three individuals and two nonprofit groups to its Specially Designated Nationals list under counterterrorism sanctions. The action targets people and ...
U.S. Treasury expands Hamas sanctions over sham charity and cryptocurrency funding network
U.S. authorities are widening financial pressure on Hamas by targeting a network that Treasury says channels money through fraudulent charities and cryptocurrency transfers. The action names a ...
U.S. Treasury expands Iran sanctions designations, updates automotive and rail determination
The U.S. Treasury is widening its Iran-related sanctions actions with new designations targeting individuals and companies tied to sanctions evasion and related activities. The move also includes ...
U.S. Treasury expands Tren de Aragua sanctions on OFAC blacklist
Washington is widening financial restrictions tied to transnational crime by updating its sanctions blacklist with new names linked to Tren de Aragua. The action adds nine individuals and two ...
U.S. sanctions 11 targets linked to Tren de Aragua theft scheme
Washington is expanding its crackdown on Tren de Aragua with sanctions targeting people tied to an operation that steals millions from U.S. financial institutions. The action also reaches an ...
U.S. Treasury sanctions 10 targets over Tren de Aragua ATM fraud network
The U.S. government is escalating its financial crackdown on Tren de Aragua by targeting an alleged revenue stream tied to ATM malware attacks and illicit gold mining. The action covers 10 ...
OFAC issues Cuba sanctions rules and regulatory overhaul effective Sept. 30
The Treasury Department is reshaping key sanctions regulations as it streamlines the Code of Federal Regulations and expands Cuba-related compliance measures. The changes take effect upon Federal ...
Tether says it helped freeze Iran-linked USDT as U.S. lawmakers press sanctions scrutiny
Pressure on stablecoin oversight is intensifying as Tether says it has worked with authorities to block hundreds of millions of dollars in Iran-linked USDT during 2026. The disclosure comes as a ...
Ways and Means Republicans seek IRS review of MECA tax-exempt status
Congressional Republicans are escalating scrutiny of foreign-linked funding in the U.S. nonprofit sector by asking the Internal Revenue Service to investigate the Middle East Children’s ...
