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TFTC sanctions 15 al-Shabaab leaders in Somalia for fundraising and IED proliferation, strengthening US-Gulf states cooperation through targeted sanctions and intelligence sharing

April 14, 2025

Sanctions applied to 15 al-Shabaab leaders and facilitators for fundraising, coercive fee collection, and IED proliferation across Somalia. This coordinated action, led by the U.S. and Gulf partners, aims to disrupt al-Shabaab’s access to financial networks and weaken its operational capabilities…

OFAC targets Jugwinder Singh Brar, a UAE-based shipper, and his fleet for covertly transporting Iranian oil, concealing its origin to fund Iran’s military and bypass international sanctions

April 10, 2025

Over 30 vessels tied to Brar and his companies were designated as blocked property for operating in Iran’s petroleum sector and supporting the Iranian military. Concurrently, the State Department sanctioned four additional companies and two vessels for engaging in significant transactions involving Iranian oil…

US Treasury sanctions 6 Iranian entities and an individual, targeting key resources and financial networks to disrupt Iran’s nuclear weapons development and protect global security

April 9, 2025

Among those sanctioned are Atbin Ista Technical and Engineering Company (AIT), Pegah Aluminum Arak Company (Pegah), and Iranian national Majid Mosallat for facilitating components and financial support for centrifuge production. Sanctions additionally target companies linked to AEOI for their roles in advancing Iran’s nuclear capabilities…

OFAC sanctions 6 individuals and 7 entities for operating a ML network supporting the Sinaloa Cartel, a major drug trafficking and U.S designated terrorist organisation

April 7, 2025

The Sinaloa Cartel, designated as a Foreign Terrorist Organisation by the U.S., is one of the world’s most violent drug trafficking groups and a major source of illicit fentanyl and other deadly drugs entering the United States. Exploiting multiple southern border entry points, the cartel relies on sophisticated money laundering networks to sustain its operations…

US Treasury launches FinCEN’s first IMPACT Exchange, uniting FIs and law enforcement to block Iran’s access to the global financial system and disrupt its oil and shadow banking networks

April 2, 2025

The FinCEN IMPACT Exchange focused on Iran’s use of shadow banking networks to bypass sanctions and access the global financial system, enabling covert foreign exchange activities and oil trade. The event emphasized the importance of financial institutions safeguarding against these illicit networks to comply with U.S. sanctions and prevent terrorism funding…

US Treasury targets a Houthi-Iran network involved in smuggling weapons, laundering money, and using cryptocurrency to finance terrorism in the Red Sea region

April 2, 2025

The U.S. Treasury sanctioned a global Houthi financial network — linked to Iran’s IRGC-QF — for trafficking weapons, laundering money, and smuggling stolen Ukrainian grain to fund terrorism and attacks on Red Sea shipping. The action targets operatives and entities in Russia, Turkey, Hong Kong, and beyond, including eight crypto wallets used to finance the Houthis’ war efforts…

US Treasury intensifies sanctions on Iran, targeting shadow fleet operators and global networks, including entities in China and India involved in illicit oil trade

March 24, 2025

OFAC is also designating several entities in multiple jurisdictions, including the People’s Republic of China (PRC) and India, for their ownership or operation of vessels that have delivered Iranian oil to the PRC, or lifted Iranian oil from storage in Dalian, PRC. The sanctions apply further pressure on the “shadow fleet” and other vessels upon which Iran…

U.S. Treasury hots Iran’s secret oil empire hard, sanctioning a Chinese refinery, its CEO, and 19 entities funneling millions to Tehran’s terror-linked government

March 20, 2025

Illicit oil sales, funneled through a shadow fleet of deceptive vessels, have been a key financial artery for Tehran, supporting its military and terrorist activities. The latest measures, enacted under Executive Orders 13902 and 13846, are part of an intensified pressure campaign aimed at cutting off Iran’s revenue streams and curbing its nuclear ambitions.

US Treasury sanctions a Mexico-based leader of a transnational criminal organisation linked to the La Linea cartel, dismantling a multimillion-dollar migrant smuggling network

March 18, 2025

This move targets Jumilca Sandivel Hernandez Perez, a key figure in the Guatemala-based Lopez Human Smuggling Organisation, for smuggling thousands into the U.S. and working with the violent La Linea cartel. His operation is linked to the violent La Linea cartel, which amplifies the risks of his human trafficking activities by intertwining them with drug trafficking, extortion, and violent crimes along the border. This partnership elevates the threat…

OFAC sanctions Sweden’s Foxtrot network for drug trafficking, arms smuggling, and Iran-linked attack on the Israeli Embassy in Stockholm

March 12, 2025

The gang carried out a January 2024 attack on the Israeli Embassy in Stockholm on behalf of Iran, highlighting Tehran’s growing use of criminal proxies. The sanctions aim to disrupt the network’s operations and Iran’s destabilising influence in Europe…

US Treasury slams sanctions on Chinese hacker Zhou Shuai and his company for cyber espionage—blocking assets, indicting culprits, and putting a $2m bounty on their heads

March 5, 2025

Zhou Shuai and his company, Shanghai Heiying, sanctioned for cyber espionage targeting U.S. critical infrastructure. Zhou, in collaboration with previously sanctioned hacker Yin Kecheng, sold stolen data and compromised networks, allegedly working in alignment with Chinese intelligence interests.

US Treasury hits top Houthi leaders with sanctions for arms deals, smuggling, and recruiting fighters for Russia