by Jyotsna Bucktowar | May 9, 2023
Those sanctioned are part of a Sinaloa Cartel network overseen by Los Chapitos and responsible for a significant portion of the illicit fentanyl and other deadly drugs trafficked into the US. Sinaloa Cartel initially operated as a coalition of Mexico’s most powerful...
by AdrianaAMLP | Apr 6, 2023
Microsoft agreed to pay $2,980,265.86 for illegal exports of services and software to sanctioned jurisdictions and Specially Designated Nationals (“SDNs”) in violation of OFAC’s Cuba, Iran, Syria, and Ukraine-/Russia-Related sanctions programs…...
by AdrianaAMLP | Feb 24, 2023
Over 80% of Russia’s banking sector by assets are under U.S. sanctions, including the top 10 Russian-owned banks. More than 1,000 foreign companies reportedly have ceased or curtailed their operations in Russia since the start of the war, stifling investment and...
by AdrianaAMLP | Dec 2, 2022
The Biden administration has imposed new sanctions on Haitian officials accused of being involved in drug trafficking, as the US and its allies continue to target corruption in the violence-plagued Caribbean nation. OFAC designated Celestin and Fourcand...
by AdrianaAMLP | Nov 28, 2022
OFAC announces $362,158 settlement with virtual currency exchange Payward, Inc (“Kraken”) for violation of Iran sanctions. Due to Kraken’s failure to timely implement appropriate geolocation tools, including an automated internet protocol (IP) address...
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