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U.S. Treasury expands sanctions on Shamkhani’s shipping network, targeting 50+ individuals, entities and vessels involved in Iran’s illicit oil trade and sanctions evasion activities

July 14, 2026

OFAC sanctioned more than 50 individuals, entities and vessels linked to the network of Mohammad Hossein Shamkhani, which Treasury says moves Iranian oil, commodities and shipping revenue through a global web of intermediaries. The designations target exchange services, shell companies, shipping firms, foreign currency channels and procurement links used to move proceeds from sanctioned trade and obscure…

U.S. Treasury sanctions a PCC-linked Brazilian network for laundering over $190M through drug trafficking and trade-based schemes that exploited the U.S. financial system

July 1, 2026

OFAC designates two Brazilian nationals, three Brazilian companies and one Portuguese company for alleged links to Primeiro Comando da Capital, which Treasury describes as the largest transnational criminal organisation in the Western Hemisphere and a growing threat inside the United States. The action targets a São Paulo-based node accused of laundering more than $30 million generated in U.S. cities for PCC, while also…

U.S. Treasury and TFTC target Hizballah’s financial network, sanctioning senior officials and institutions for moving funds through shadow accounts, shell companies, and quasi-banking channels

June 30, 2026

The Terrorist Financing Targeting Center jointly designated five entities and 16 individuals linked to Hizballah, including Al-Qard Al-Hassan, Bayt al-Mal and senior financial officials, with Treasury saying the action targets core funding structures used to exploit the international financial system. The designations focus on alleged sanctions evasion, shadow banking activity, use of personal and joint accounts, and formal-sector transfers exceeding $500 million…

OFAC targets procurement and recruitment networks sustaining Sudan’s civil war, sanctioning suppliers and facilitators linked to both SAF and RSF operations

June 26, 2026

OFAC designates eight individuals and entities linked to Sudanese Armed Forces procurement and Rapid Support Forces recruitment networks, including companies and officials tied to explosives imports, military supplies and the recruitment of former Colombian military personnel. Treasury says the networks have helped expand the scale and intensity of the conflict, worsened Sudan’s humanitarian crisis and created conditions that could allow…

U.S. Treasury sanctions Gasabo Gold and related Rwanda-linked mining companies for allegedly smuggling conflict minerals from the DRC, which are reported to help fund the M23 armed group

June 25, 2026

OFAC designates Gasabo Gold Refinery, its chairman Jean Malic Kalima, general manager Bosco Kayobotsi, and three Rwandan mining companies for alleged support to M23 and the illicit trade in natural resources from eastern DRC. Treasury says the network helped move gold from RDF/M23-controlled areas into Rwanda for refining, reinforcing wider U.S. efforts to disrupt conflict minerals financing and support more transparent regional supply chains…

U.S. Treasury targets the Cambodia-based Prince Group network in Southeast Asia for allegedly running large-scale cyber-enabled fraud and money-laundering operations

June 23, 2026

Treasury sanctioned nine individuals and 26 entities linked to Prince Group TCO, including leadership, scam-compound investors and front companies, while FinCEN moved to amend the Huione Group final rule to include H-Pay Service and successor entities. Treasury says the action targets networks behind scam compounds, fraud and money laundering, including infrastructure used to transfer and consolidate scam-derived assets and…

U.S. Treasury disrupts ISIS financing channels across Europe, the Middle East and West Africa, targeting facilitators accused of moving funds through MSBs, hawala networks and crypto services

June 22, 2026

OFAC designates three individuals and six entities under counterterrorism authorities, including France-based Miloud Abderrahmane, Syria-based Abdelhakim Boukich and his Bitcoin Xchange business, Türkiye-based Spider and Alkaram, and Nigeria-based exchange houses linked to ISIS-WA facilitator Mukhtar Adamu Muhammad. Treasury says the action targets financial connectors that help ISIS move money between regional affiliates and operational nodes, including through cross-border transfers, Syria-linked MSBs and West African bureau de change networks.

OFAC sanctions Hizballah-linked Lebanese officials and expanded designations on Alaa Hamieh’s network for facilitating Hizballah funding, cash smuggling, and front companies

June 18, 2026

OFAC designates Hizballah-aligned Lebanese officials Sleiman Antoine Frangie and Mahmoud Qamati, alleging that they used political influence to support Hizballah’s interests, obstruct Lebanon’s peace process and delay the group’s disarmament. It also expands action against Alaa Hamieh’s business network, targeting companies and intermediaries…

U.S. DOS sanctions Cuba’s state-owned oil company CUPET, freezing assets and banning U.S. dealings over its role in the state-controlled energy sector, with secondary sanctions warnings for foreign firms

June 11, 2026

Officials allege the Cuban government misuses energy resources, prioritising state and elite use while ordinary citizens face fuel shortages and blackouts. The action is linked to wider U.S. sanctions expansion targeting Cuban officials and entities under recent executive orders. The State Department also warned that foreign companies dealing with CUPET could face secondary sanctions risks…

U.S. Treasury targets 9 individuals and entities linked to Iran’s IRGC and MODAFL for supporting weapons procurement and financing networks across China, Hong Kong, Iran, and Belarus

June 10, 2026

The action targets illicit procurement, shadow banking, and financial channels used to obtain weapons and military components, including MANPADS, while also reinforcing broader “maximum pressure” measures against Iran’s military funding, oil trade, crypto-linked assets, and evasion networks, with warnings of secondary sanctions for foreign actors facilitating such activity…

U.S. targets Iran-linked LPG smuggling and shadow banking network moving hundreds of millions through covert global channels to evade sanctions and fund the regime

June 5, 2026

The U.S. Treasury has sanctioned a network of individuals, companies, and vessels involved in smuggling Iranian LPG—disguised as Omani gas—and funnelling hundreds of millions through shadow shipping and banking channels in the UAE and China to bypass sanctions. The action also targets Iranian exchange houses and brokers accused of moving large volumes of foreign currency…

OFAC sanctions senior commanders of the FDLR and M23 rebel groups for fueling violence and instability in eastern DRC, in a bid to curb atrocities and push the region toward peace

June 2, 2026

OFAC’s press release designates Gustave Kubwayo, an FDLR intelligence and special operations commander, and John Imani Nzenze, M23’s chief of intelligence, under DRC-related sanctions authorities. Treasury links the action to wider U.S. efforts to support peace in eastern DRC, block property connected to sanctioned armed group leaders and deter transactions that sustain conflict, human rights abuses and regional destabilisation…

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