The Treasury Department’s Office of Foreign Assets Control (OFAC) sanctioned nearly 50 entities connected with so-called “shadow banking” networks that help Iran’s military evade U.S. sanctions and to ...

The Department of the Treasury’s Office of Foreign Assets Control (OFAC) designated Sergey Sergeyevich ...

On April 6, 2023, the Department of Treasury Office of Foreign Assets Control (“OFAC”) and the Department of Commerce Bureau of Industry and Security (“BIS”) announced a settlement with Microsoft ...

North Korean dictator Kim Jong-un arrives for a working lunch with Secretary of State Mike Pompeo in Pyongyang on Oct. 7, 2018. (State Department photo Ron Przysucha) The U.S. Department of the ...

Recent enforcement actions signal the Office of Foreign Assets Control's (“OFAC”) increased scrutiny of professionals, including attorneys, who represent or act for sanctioned parties. For example, in ...

The Treasury Department's Office of Foreign Assets Control (OFAC) administers and enforces economic sanctions imposed by the United States against foreign countries. Depending on the country, OFAC ...

The Department of Treasury has lifted Sanctions on Tornado Cash, the Ethereum based smart contract mixer, following a series of legal defeats and administrative challenges. The Department of Treasury ...

IMG Academy has been fined $1.7 million by U.S. Treasury Department for accepting tuition payments from individuals linked to Mexican drug cartels.

The U.S. Department of the Treasury has sanctioned a Philippines-based tech company, Funnull Technology Inc., for providing the computer infrastructure for “hundreds of thousands of websites” involved ...

Today, the U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) imposed sanctions on the Rwanda Defence Force (RDF)--the military of Rwanda--and four of its senior officials. The ...