Our extensive knowledge at your fingertips

Latest editions

Search

US Treasury imposes new sanctions on a wide network of front‑companies, shipping facilitators and vessels involved in transporting Iranian oil, targeting operations that raise funds for Iran’s military

November 20, 2025

The U.S. Department of the Treasury – through its Office of Foreign Assets Control (OFAC) designates a web of front companies, vessels, and shipping-services firms linked to Sepehr Energy Jahan, the oil-sale arm of Iran’s military, as sanctions targets under authorities that target Iran’s petroleum and petrochemical sectors. The action also expands sanctions to six additional vessels and includes entities involved in chartering and transporting Iranian crude — a move intended to disrupt Iran’s shadow-fleet export operations…

OFAC sanctions former Canadian Olympian and his criminal network, freezing their assets and blocking U.S. transactions to disrupt a transnational cocaine-trafficking operation

November 19, 2025

The action targets Ryan James Wedding, a former Olympic snowboarder now listed among the FBI “Ten Most Wanted,” along with nine associates and nine affiliated entities, for running a violent, transnational cocaine-trafficking network that moves multi-ton shipments from Colombia and Mexico into North America, and allegedly orders murders abroad to protect the enterprise…

US Treasury sanctions the Democratic Karen Benevolent Army and affiliates for running cyber‑scam centres and human‑trafficking operations in Burma, freezing their U.S. assets

November 12, 2025

The action designates the DKBA, its senior leaders and affiliated companies for operating coercive scam compounds that target U.S. victims and generate revenue for the group’s military activities. It also freezes U.S.-linked assets, restricts financial dealings and contributes to broader U.S. efforts to disrupt cyber-enabled crime and human-rights abuses in Myanmar…

OFAC sanctions several key Hezbollah operatives and Lebanese exchange houses for funneling tens of millions from Iran to the group through unlicensed money transfers

November 6, 2025

The U.S. Department of the Treasury designates several individuals facilitating large-scale money movements from Iran to Hezbollah via Lebanon’s largely cash-based exchange houses, targeting tactics including illicit oil revenue and unlicensed currency conversion. The action underscores the blocking of property under Executive Order 13224, emphasising that U.S. persons are prohibited from engaging…

OFAC sanctions North Korean banks, IT firms, and individuals for cybercrime, labor‑fraud networks, and sanctions evasion, cutting off funding linked to the DPRK’s weapons programs

November 4, 2025

The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) designates eight individuals and two entities tied to the Democratic People’s Republic of Korea for facilitating the laundering of proceeds from cyber-enabled theft, cryptocurrency heists and illicit IT-worker schemes. These measures target the financial infrastructure enabling the DPRK’s proliferation of weapons of mass destruction and reinforce the blocking of property and assets under U.S. sanctions law…

US Treasury targets Mexico-based Human Smuggling Organisation and its leaders, sanctioning them for trafficking thousands of migrants and running interconnected drug and ML networks

October 30, 2025

The designation targets the Bhardwaj Human Smuggling Organization, its principal, three associates and sixteen affiliated companies for orchestrating large-scale migrant smuggling operations into the United States alongside related bribery, drug trafficking and money-laundering activity. Treasury highlights the organisation’s exploitation of vulnerable migrants and warns that financial institutions…

OFAC sanctions Russia’s 2 largest oil companies, Rosneft and Lukoil, along with all subsidiaries they own by 50% or more, for operating in Russia’s energy sector and supporting its war effort

October 27, 2025

The action aims to intensify economic pressure on Moscow while urging an immediate ceasefire. OFAC also issued temporary general licenses allowing limited wind-down transactions until late November 2025 and warned that foreign financial institutions engaging in significant dealings with the sanctioned firms or Russia’s military-industrial base could face secondary sanctions…

OFAC Sanctions List last updated

October 27, 2025

OFAC sanctions Colombian President and his close associates, freezing their U.S. assets and prohibiting transactions for materially contributing to international illicit drug trade

October 24, 2025

President Petro, his wife, his son Nicolás Fernando Petro Burgos, and a close associate Armando Alberto Benedetti Villaneda were also designated for providing financial, material or technological support or services to him. As a result of the designations, all their U.S.-based property and interests in property are blocked, and U.S. persons are generally prohibited from engaging in transactions…

OFAC sanctions over 50 individuals, entities, and vessels involved in Iran’s petroleum and petrochemical exports, including UAE trading companies, Chinese oil terminals, and shadow fleet vessels

October 13, 2025

These sanctions aim to disrupt Iran’s energy export network, which generates substantial revenue for the regime and supports groups threatening U.S. interests. The designated parties include UAE-based trading companies, Chinese oil terminals, and shadow fleet vessels, among others. The action is part of a broader strategy to apply maximum economic pressure on Iran, building upon…

OFAC takes action against individuals and entities supporting Iran-backed militias involved in arms smuggling, financial corruption, and intelligence operations in Iraq

October 9, 2025

The designations target individuals and entities that provide financial, logistical, and operational support to the militias, enabling their activities across Iraq and the region. They also aim to strengthen enforcement of U.S. sanctions, limit the militias’ ability to exploit international financial systems, and signal consequences for networks supporting state-sponsored terrorism…

US Treasury sanctions 8 Mexican individuals and 12 companies linked to the Sinaloa Cartel’s “Los Chapitos” for supplying chemicals and support for illicit fentanyl production and trafficking

October 6, 2025

The action specifically targets Sumilab, a chemical company based in Culiacán, along with affiliated businesses operated by the Favela Lopez family, which supplied precursor chemicals to the Sinaloa Cartel’s Los Chapitos faction. It also designates Martha Emilia Conde Uraga, a chemical broker, and her associated companies for facilitating the procurement and distribution of these illicit substances despite prior sanctions…

No results found.