by AdrianaAMLP | Nov 29, 2023
Sanctions applied to Sinbad.io (Sinbad), a virtual currency mixer that serves as a key money-laundering tool of the OFAC-designated Lazarus Group, a state-sponsored cyber hacking group of the Democratic People’s Republic of Korea (DPRK).
by AdrianaAMLP | Nov 29, 2023
Over 20 individuals and entities sanctioned for their involvement in financial facilitation networks for the benefit of Iran’s Ministry of Defense and Armed Forces Logistics (MODAFL) and Iranian Armed Forces General Staff (AFGS), and the Islamic Revolutionary Guard...
by Jyotsna Bucktowar | Nov 20, 2023
Sanctions target entities and vessels involved in carrying Russian crude oil above the agreed price cap set by the Price Cap Coalition. The action aims to responsibly diminish oil revenues accessible to the Russian government for financing its invasion of Ukraine,...
by Jyotsna Bucktowar | Nov 20, 2023
OFAC issues General License 8M allowing certain transactions involving PdVSA for essential operations or wind-down in Venezuela, and General License 45A for transactions with Consorcio Venezolano de Industrias Aeronáuticas y Servicios Aéreos, S.A…
by Jyotsna Bucktowar | Nov 17, 2023
OFSI amended General License INT/2022/1839676 related to Russian travel in order to clarify that the license permits UK persons to purchase tickets from Designated Persons (“DPs”) or any Subsidiary for passenger rail and passenger air journeys that originate in, or...
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