All news on the topic: OFAC

The U.S. Treasury Department has sanctioned the sister and “significant other” of Iranian tycoon Babak Zanjani, targeting a network of crypto exchanges and global companies accused of laundering funds for Iran’s Revolutionary Guard Corps.

Newly targeted by the U.S. Treasury, Hossein Ghorbani Zahed owns several prime Knightsbridge apartments via his sanctioned BVI company, land registry documents reveal.

The United States is this week upping the multimillion-dollar rewards it has on the heads of the remaining leaders of the Sinaloa Cartel’s Chapitos faction, just as prosecutors are targeting the Mexican politicians who allegedly enabled the group.

The Caribbean nation of Dominica has revoked the citizenship of the son of a recently assassinated Iranian official, accusing him of concealing his father’s political ties to obtain a so-called “golden passport.”

A sanctioned Iranian oil tycoon and his brother used aliases and Caribbean “golden passports” to build a $29 million luxury property portfolio in Dubai, according to property records.

The coordinated action targets Media Land and Aeza Group, five executives, and seven companies—including entities in the U.K., Serbia, and Uzbekistan—for supporting ransomware operations and other cybercrime.

US simultaneously sanctions businesses, individuals Feds link to Sinaloa cartel

On Wednesday, the U.S. Treasury Department sanctioned a Myanmar rebel group and several associates for running cyber scam operations that target Americans and exploit trafficked workers.

On Wednesday, the Trump administration lifted international sanctions on Milorad Dodik — the pro-Russian leader of the Serb-dominated region of Bosnia and Herzegovina, Republika Srpska — as well as on his children, dozens of allies, and their companies.

Fresh US measures against Russian energy giants are tightening the seaborne supply of oil, pushing Brent higher as traders price in risk.

Chen Zhi, founder and Chairman of Prince Holding Group, has been indicted on wire fraud and money laundering charges.

The Karić family, renowned for their extensive construction projects in Minsk and their connections with the family of Aleksandr Lukashenko, avoided the sanctions enforced by the European Union on their construction business empire.

The U.S. Treasury has imposed sanctions on a Chinese oil terminal operator, Zhoushan Jinrun Petroleum Transfer Ltd, due to its significant role in an Iranian sanctions evasion scheme, which was first uncovered by the OCCRP and involves hundreds of millions of dollars in illegal oil transactions.

The U.S. Treasury imposed sanctions on Russian intermediaries assisting North Korean IT workers and reached a $1.45 million settlement with Harman International for violations of Iran sanctions.

The United States has imposed sanctions on seven senior Houthi members and a Yemeni businessman for their involvement in arms smuggling and recruiting fighters for Russia’s war in Ukraine, underscoring the increasing connections between the Houthis and Moscow.

The U.S. government announced new sanctions against Paraguayan tobacco company Tabacalera del Este S.A. (Tabesa) for financially supporting former President Horacio Manuel Cartes Jara, who himself was sanctioned last year for alleged corruption and ties to terrorism.

The U.S. Treasury’s Office of Foreign Assets Control (OFAC) sanctioned Tuesday three Mexican accountants implicated in a timeshare fraud scheme run by one of Mexico’s most violent drug cartels.