The U.S. Treasury Department is urging the D.C. Circuit Court of Appeals to dismiss Rheingold Edelmetall AG’s challenge to its designation on the Specially Designated Nationals (SDN) list. In …
Treasury’s Office of Foreign Assets Control (OFAC) Friday sanctioned one individual, eight entities, and identified a vessel as blocked property for their roles in facilitating sensitive equipment shipments to Iran’s defense industry, including entities affiliated with the Islamic Revolutionary Guard Corps (IRGC). The Treasury also imposed further sanctions on the Islamic Republic's Yemeni allies, Ansarallah, known as the Houthis.
The U.S. Treasury and State Departments announced a series of coordinated sanctions and regulatory actions to pressure the Iranian regime. Recent measures target Iran’s shadow banking operations, oil smuggling network, and military procurement activities.
The U.S. Department of the Treasury issued new sanctions last week targeting five “sham” charities and associated individuals across Europe, North Africa and the Middle East for alleged support to Palestinian terrorist organizations, a move one former official said should remind donors to stay vigilant.
The transatlantic sanctions alliance among the United States (U.S.), the United Kingdom (UK), and the European Union (EU) has demonstrated significant cohesion, particularly in response to Russia's invasion of Ukraine. However, critical divergences in implementation, scope, and enforcement complicate compliance for multinational entities. As sanctions regimes evolve—often with extraterritorial implications—legal and compliance professionals must anticipate conflicts and establish adaptive, harmonized internal frameworks. This article analyzes these key differences and offers practical guidance for aligning compliance programs across jurisdictions.
Dentons published a client alert which concludes that Ukrainian sanctions can apply extraterritorially.
Treasury’s Office of Foreign Assets Control (OFAC) has designated over 30 individuals and entities linked to Iran’s sprawling “shadow banking” infrastructure, including three Iranian brothers accused of laundering billions of dollars through international financial systems to support Iran’s oil exports, weapons procurement, and terrorist proxies.
On June 6, 2025, the Treasury’s Financial Crimes Enforcement Network (FinCEN) issued an advisory detailing Iran’s illicit financial activities, including oil smuggling, shadow banking, and weapons procurement. This advisory supersedes the 2018 version, providing updated insights and red flags for financial institutions.
The White House is pressing Sen. Lindsey Graham (R-SC) to significantly revise the Sanctioning Russia Act of 2025 , which currently commands broad bipartisan support in the Senate. Congressional aides warned that such changes would “render Graham’s bill toothless.”
The Deputy Secretary of State has issued two new determinations expanding U.S. sanctions on Iran's construction sector and restricting strategic materials exports.
The Multilateral Sanctions Monitoring Team (MSMT), a coalition comprising Australia, Canada, France, Germany, Italy, Japan, the Netherlands, New Zealand, the Republic of Korea, the United Kingdom, and the United States, today released its inaugural report on the implementation of United Nations sanctions on the Democratic People’s Republic of Korea (DPRK).
Treasury’s Office of Foreign Assets Control (OFAC) Wednesday issued a fact sheet containing updated Frequently Asked Questions (FAQs) on Syria General License 25 (GL 25), providing authoritative clarification on the scope of U.S. sanctions relief for Syria.
Treasury’s Office of Foreign Assets Control (OFAC) has issued Syria General License (GL) 25, formally lifting sanctions imposed under the Syrian Sanctions Regulations and initiating a broad rollback of U.S. economic restrictions against Syria. GL 25 authorizes new investment, financial services, trade in petroleum products, and other commercial transactions previously prohibited under U.S. sanctions law.
Treasury’s Office of Foreign Assets Control (OFAC) has issued Iran-related General License Q, titled “Authorizing Limited Safety, Environmental, and Sale Transactions Involving the Blocked Vessel M.V. Tinos I While Located in the United States.” Tinos I, a VLGC has been anchored off Houston since June 2024, when it attemped to load a cargo of Liquid Petroleum Gas for sale to China.
As part of its intensified focus on border security, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) today sanctioned two high-ranking members of the Cartel del Noreste (CDN), a designated Foreign Terrorist Organization (FTO) and successor to Los Zetas.
Treasury’s Office of Foreign Assets Control (OFAC) and the Swiss State Secretariat for Economic Affairs (SECO) have signed a Memorandum of Understanding (MOU) to deepen cooperation on economic sanctions enforcement through enhanced information sharing.
Treasury’s Office of Foreign Assets Control (OFAC) designated nearly two dozen companies across multiple jurisdictions for facilitating Iran’s illicit international oil trade, which funds …
Treasury's Office of Foreign Assets Control (OFAC) has issued Russia-related General License 124, "Authorizing Petroleum Services Related to the Caspian Pipeline Consortium and Tengizchevroil." The previous license with similar content - No. 121, which also included the Sakhalin-2 project - expires on June 28, 2025.
OFAC designated four individuals—two senior Hizballah officials and two financial facilitators—for their roles in coordinating and processing funding for the terrorist group. Thursday's designations target operatives based in Lebanon and Iran who manage financial transfers from overseas donors, a critical source of Hizballah’s budget.
Following last week's announcement of sanctions on Cuban baseball players, the State Department announced a determination that Cuba did not fully cooperate with U.S. counterterrorism efforts in 2024 and has re-certified the country as a “Not Fully Cooperating Country” (NFCC) under Section 40A of the Arms Export Control Act.