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Economic Sanctions

US Sanctions

This section covers the Sanctions List published by OFAC.

OFAC publishes lists of individuals and companies owned or controlled by, or acting for or on behalf of, targeted countries. It also lists individuals, groups, and entities, such as terrorists and narcotics traffickers designated under programs that are not country-specific.

OFAC Sanctions List updated
Further U.S. Responses to the Conflict in Ukraine
Press Releases | U.S. Department of the Treasury
Frequently Asked Questions – Recently Updated | U.S. Department of the Treasury
Briefing Room | The White House
Attorney General Merrick B. Garland Announces Launch of Task Force KleptoCapture | OPA | Department of Justice / Justice News | DOJ | Department of Justice

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US Treasury issues alert on China’s “teapot” refineries enabling Iran’s oil trade, funneling billions to Tehran through covert networks and “shadow fleet” tactics, while exposing FIs to sanctions risks

April 28, 2026

It further details common evasion techniques such as the use of front companies in Asia and the UAE, intermediary brokers, and “shadow fleet” shipping practices involving ship-to-ship transfers, falsified documentation, and vessel identity manipulation. OFAC urges financial institutions to strengthen risk-based controls, conduct enhanced due diligence, and clearly communicate sanctions compliance requirements, while warning that continued facilitation of Iran-related oil trade may expose foreign financial institutions to secondary sanctions…

OFAC, under its “Economic Fury” campaign, sanctions China’s Hengli refinery, 40+ shipping firms and shadow fleet vessels for enabling billions in illicit Iranian oil exports that fund Tehran’s regime 

April 24, 2026

The action exposes a vast maritime and financial network facilitating billions of dollars in Iranian oil sales, with tankers transporting crude, LPG, and petrochemicals to markets across Asia, particularly China and the UAE. According to Treasury, these actors—including multiple front companies and vessels engaged in ship-to-ship transfers and covert routing—help sustain Iran’s energy revenues and fund its regime activities. The sanctions, imposed under Executive Order 13902, block all U.S.-linked assets and prohibit transactions with…

US Treasury sanctions Cambodian senator Kok An and his network for running a transnational scam operation across Southeast Asia that exploits crypto fraud and human trafficking to target Americans

April 23, 2026

The designations cover a broader network of individuals and entities involved in online fraud schemes, including operations that use deception to solicit funds and generate significant illicit profits. The action also highlights links to human trafficking and the misuse of political influence to shield criminal activity, reinforcing efforts to counter cyber-enabled fraud, corruption, and related money laundering risks…

OFAC sanctions 23 individuals and entities across India, Latin America, and Mexico in a sweeping crackdown on the Sinaloa Cartel’s global drug supply chain fueling fentanyl production

April 23, 2026

The action designates 23 individuals and entities across Asia and Latin America involved in sourcing, brokering, and transporting precursor chemicals used to manufacture fentanyl and methamphetamine. It forms part of a coordinated, whole-of-government effort to disrupt transnational criminal networks, leveraging financial sanctions to dismantle the infrastructure and financial flows underpinning synthetic drug production and trafficking…

OFAC issues an advisory warning that sanctioned individuals are using ‘sham transactions’, proxies, trusts, and shell companies to conceal ongoing property ownership

April 9, 2026

The advisory highlights key red flags, including non-commercial transfers, opaque ownership structures, involvement of close associates, continued control by sanctioned persons, and transactions timed around designations, and stresses that firms must apply a risk-based approach, enhanced due diligence, and ongoing monitoring to detect evasion. It reinforces that any property in which a sanctioned person retains an interest must remain…

U.S. Treasury sanctions 16 individuals and entities linked to Hezbollah across 6 countries for laundering over $100M to fund the group, warning that any institutions aiding them risk strict U.S. penalties

March 20, 2026

OFAC is sanctioning a global network of 16 individuals and entities linked to Hezbollah financier Alaa Hassan Hamieh for laundering and diverting over $100 million to finance the group’s terrorist operations, targeting companies in Lebanon, Syria, Poland, Slovenia, Qatar, and Canada that have enabled these schemes; the action underscores U.S. efforts to disrupt financial networks that sustain terrorism and warns that foreign institutions engaging with designated parties may face strict U.S. sanctions…

OFAC targets 6 six individuals and 2 entities behind North Korean IT worker fraud schemes that defraud U.S. businesses, using the stolen funds to support the DPRK’s weapons of mass destruction 

March 12, 2026

These schemes exploit fraudulent employment arrangements, often hiring workers abroad under false pretenses, and use cryptocurrency and other digital channels to move illicit funds while evading sanctions. The sanctioned individuals and entities operate across multiple countries, demonstrating the DPRK’s global reach in leveraging cyber and financial crime to fund its prohibited military programs. This action underscores the U.S. Treasury’s commitment to disrupting North Korea’s illicit financial networks and enforcing international sanctions….

U.S. Treasury designates four sham charities linked to Hamas, blocking their assets and warning that anyone facilitating their funds risks civil, criminal, and broader sanctions

March 12, 2026

OFAC designates organisations based in Türkiye and Indonesia that form part of a covert global network raising and channeling funds to Hamas’s military wing, including through projects and financial support that directly benefit its operations.Treasury states that these entities exploit the charitable sector to solicit donations under false pretences, with sanctions freezing their assets and prohibiting transactions to disrupt the group’s financing and prevent further misuse of humanitarian channels…

U.S. lawmakers call for a robust DOJ probe into Binance, warning the crypto exchange’s alleged facilitation of transactions linked to Iran and its proxies constitutes a serious sanctions and FC risk

March 12, 2026

In a joint statement, Senators Chris Van Hollen, Elizabeth Warren and Ruben Gallego cite reports that Binance may have enabled billions of dollars in transactions tied to Iran and affiliated terrorist networks, raising concerns about sanctions evasion and national-security risks. They commit to monitoring the Department of Justice’s probe to ensure rigorous enforcement and accountability, highlighting broader concerns that crypto platforms may prioritise growth over compliance and expose the financial system to illicit-finance threats…

OFAC sanctions the Rwanda Defence Force and 4 senior officials for supporting the M23 rebel group in eastern DRC, freezing U.S. assets and blocking aid to curb human rights abuses and regional unrest

March 2, 2026

Treasury designates the Rwandan military and key commanders for providing operational, logistical and material support to the March 23 Movement (M23), a U.S.- and UN-sanctioned armed group responsible for violence and mass displacement in the region. The measures freeze any property within U.S. jurisdiction and prohibit transactions involving the designated parties, with Treasury warning that Rwanda’s support for M23 threatens regional stability and risks escalating the conflict in eastern DRC…

U.S. Treasury proposes rule to sever Swiss bank MBaer Merchant Bank AG’s access to the U.S. financial system over alleged money‑laundering and illicit‑finance ties to Iran and Russia

February 26, 2026

Through a notice of proposed rulemaking under Section 311 of the USA PATRIOT Act, the Financial Crimes Enforcement Network (FinCEN) finds reasonable grounds to designate MBaer as a financial institution of “primary money-laundering concern” and proposes prohibiting U.S. financial institutions from maintaining correspondent accounts for the bank. Treasury states that MBaer has moved over $100 million through the U.S. financial system for illicit actors linked to Russian corruption networks and Iran-aligned terrorist organisations…

OFAC targets 5 senior Nicaraguan officials, freezing their U.S. assets and striking at the regime’s financial, labor, communications, and military apparatus used to repress political opponents 

February 26, 2026

Action targets senior figures leading Nicaragua’s financial-intelligence, telecommunications, labour and military-intelligence bodies for supporting the regime’s campaign against political opponents and civil society. The designations block any property or interests in property within U.S. jurisdiction and prohibit U.S. persons from engaging in transactions with the listed officials, forming part of broader U.S. efforts to hold the Nicaraguan government accountable for human-rights abuses and democratic backsliding…

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