OFAC not processing License Applications during U.S. Government shutdown
The U.S. Department of Treasury’s Office of Foreign Assets Control (OFAC) will not be processing applications submitted through their...
Additional Venezuelan sanctions by OFAC
On 8 January 2019 the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) sanctioned seven individuals, 23...
OFAC reaches a settlement agreement with Zoltek
On 20 December 2018 the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) announced that it has settled with...
OFAC settles with the Jereh Group for violating U.S. sanctions on Iran
The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) has reached a settlement agreement with the Yantai Jereh...
OFAC focuses on Bitcoin addresses for the first time in new sanctions
On 28 November 2018 the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) added two new Iran-based individuals to...
Trump signs a new Nicaragua-related Executive Order and OFAC adds two individuals to the SDN list
U.S. President Trump signed a new Executive Order on 27 November 2018 entitled ‘Blocking Property of Certain Persons Contributing to the...
Cobham Holdings, Inc. and OFAC reach a settlement
The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) announced on 27 November 2018 that it has reached a...
OFAC issues petroleum shipping advisory against Syria
The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC), along with the U.S. Department of State and the U.S. Coast...
Société Générale S.A. agrees to pay penalties to the U.S. over sanctions violations
Société Générale S.A. has agreed to pay $1,340,165,000 for violations of the U.S. Trading with the Enemy Act. By agreeing to this fine,...
US fully reinstates Iran sanctions
The US Department of the Treasury’s Office of Foreign Assets Control (OFAC) has re-implemented the remaining US nuclear-related sanctions...
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