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U.S. Treasury targets Iran-based Behrouz Parsarad for running Nemesis, a now-defunct criminal marketplace that fuelled global narcotics trade

March 4, 2025

Nemesis, with over 30,000 users, enabled the sale of fentanyl and illicit services while laundering millions in virtual currency. Despite law enforcement action, Parsarad has attempted to rebuild the platform, prompting further U.S. efforts to combat darknet-fueled narcotics proliferation.

US Treasury sanctions Iranian operator of Nemesis darknet marketplace, for facilitating $30m in global drug trafficking and ML

March 4, 2025

The platform was designed with built-in money laundering features, enabling narcotics traffickers and cybercriminals to trade illicit goods and services anonymously. This action underscores the importance of enhanced due diligence and monitoring by financial institutions to prevent the exploitation of financial systems by illicit actors…

US Treasury sanctions Rwandan minister and senior militant for fueling conflict in the DRC, destabilising eastern DR, and committing human rights abuses

February 20, 2025

These sanctions underscore U.S. efforts to disrupt Rwanda’s backing of the March 23 Movement (M23), which has exacerbated instability in eastern DRC. By targeting key figures and financial networks, the U.S. aims to pressure Rwanda and M23’s leadership while limiting their access to international markets…

OFAC, UK FCDO, and Australia’s DFAT jointly sanction Russia-based Zservers, a bulletproof hosting provider, for facilitating LockBit ransomware attacks and cybercrime

February 11, 2025

Under the sanctions, all assets of the blocked individuals and entities within US jurisdiction are frozen and must be reported to OFAC. US persons are prohibited from engaging in transactions with the designated parties or their assets with violators potentially facing civil or criminal penalties. Financial institutions that conduct transactions with these entities could also face sanctions or enforcement actions. This move underscores the ongoing…

OFAC announces the termination of sanctions against Israeli settlers involved in violence against Palestinians on the West Bank

February 10, 2025

The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) has removed the West Bank-Related Sanctions program from its website and deleted all persons designated under E.O. 14115 from the Specially Designated Nationals and Blocked Persons List (SDN List)…

White House announces sanctions against the International Criminal Court, ordering asset freezes and travel bans against ICC officials

February 6, 2025

President Trump declares a national emergency in response to the International Criminal Court (ICC) asserting jurisdiction over U.S. and Israeli personnel without consent. The order argues that the ICC’s actions against threaten U.S. sovereignty and national security by exposing American and allied officials to potential prosecution…

US DoT sanctions an international network for facilitating the shipment of millions of barrels of Iranian crude oil worth hundreds of millions of dollars to China

February 6, 2025

The US Department of the Treasury’s OFAC has sanctioned an international network involved in shipping millions of barrels of Iranian crude oil to China, on behalf of Iran’s Armed Forces General Staff and its front company, Sepehr Energy. The sanctions target entities and individuals across China, India and the UAE including vessels like the SIRI to block Iran’s oil revenue used to fund its nuclear and missile programs and support terrorist groups…

White House designates, Ansar Allah, also known as the Houthis, as foreign terrorist organisation

January 22, 2025

The Houthis, supported by Iran’s Islamic Revolutionary Guard Corps Quds Force (IRGC-QF), have engaged in numerous hostile actions, including attacks on U.S. Navy ships, civilian infrastructure, commercial vessels, and regional allies like Saudi Arabia, the UAE, and Israel. These activities have endangered American personnel, destabilized the region, and disrupted global maritime trade.

US Treasury sanctions Company associated with Salt Typhoon Cyber group, which recently compromised the network infrastructure of multiple major U.S. telecommunication and ISPs

January 17, 2025

Yin Kecheng, who has been active in cyber operations for over a decade and is connected to China’s Ministry of State Security (MSS), has been linked to the compromise of U.S. government systems. Meanwhile, Sichuan Juxinhe facilitated the Salt Typhoon group’s intrusion, which marks an escalation in China’s cyber activities against U.S. infrastructure…

US Treasury sanctions Venezuelan officials leading key economic and security agencies, accusing them of enabling Nicolás Maduro’s repression and his unlawful hold on powerUS Treasury sanctions Venezuelan officials supporting Nicolas Maduro’s repression and illegitimate claim to power

January 10, 2025

Targeted officials include the president of PdVSA (state oil company) and Maduro’s Minister of Transportation, also president of CONVIASA (state airline), as well as military and police officials responsible for repression and human rights abuses.

US Treasury intensifies sanctions against Russia by targeting Russia’s oil production and exports

January 10, 2025

Action targets two major Russian oil producers, numerous oil-carrying vessels, including “shadow fleet” traders of Russian oil, Russia-based oilfield service providers and energy officials, and active liquefied natural gas projects and a major oil project in Russia.

US Treasury sanctions Hungarian official Antal Rogan for corruption, misuse of public resources and for manipulating govt contracts for personal and political gain

January 7, 2025

Rogan orchestrated systems to direct public contracts and resources to his political allies within the Fidesz party, controlled strategic sectors of Hungary’s economy to divert wealth to himself and his loyalists and engaged in public procurement manipulation.

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