A bipartisan, bicameral group of lawmakers has introduced the Sanctions Evasion Whistleblower Rewards Act, legislation aimed at bolstering national security by incentivizing the exposure of sanctions evasion. This move will effectively offer rewards for information leading to the apprehension or conviction of those evading U.S. or UN sanctions.

Friday, the EU Council announced the adoption of the eleventh comprehensive package of sanctions, imposing restrictive measures on an additional 71 individuals and 33 entities identified as …

The Treasury Department’s Office of Foreign Assets Control announced yesterday that it has designated Burma’s Ministry of Defense and two regime-controlled financial institutions that facilitate much of the foreign currency exchange within Burma and enable transactions between the military regime and foreign markets, including for the purchase and import of arms and related materiel.

A large group of Republican senators introduced legislation requiring the President to submit any sanctions relief for Iran for Congressional review before taking action, while House Foreign Affairs Committee approved legislation that would prevent US sanctions on Iran from expiring in 2026 unless Tehran meets specific criteria.

Treasury's Office of Foreign Assets Control (OFAC) has announced sanctions against two Syrian money service businesses, Al-Fadel Exchange and Al-Adham Exchange Company, for their covert aid to the …

Treasury’s Office of Foreign Assets Control (OFAC) designated four companies generating revenue from, and contributing to, the conflict in Sudan. The entities designated today are affiliated with the two embattled forces that are fueling the ongoing conflict in Sudan: two companies affiliated with the paramilitary Rapid Support Forces (RSF) and two companies affiliated with the Sudanese Armed Forces (SAF). Consistent with OFAC’s policy of supporting the basic needs of vulnerable populations while continuing to deny resources to malign actors, OFAC is issuing three general licenses (GLs) concurrent with today’s action.

American fashion brand Guess has reacquired its 30% stake from its Russian partner Vyacheslav Shikulov, an unusual move for the Russian fashion market. The deal, valued at €8 million (US$8.5 million), has consolidated 100% of Guess's Russian business after receiving approval from the US Treasury Department.

The Treasury Department Office of Foreign Assets Control yesterday announced a $3.3 million settlement with Murad LLC and a $175,000 settlement with a natural US person for violations of US sanctions on Iran.

The United States, backed by the G7 and other international allies, is ramping up worldwide sanctions and restrictive economic measures to further hinder Russia's warfighting capabilities. Commerce, Treasury and the State Department issued separate and joint actions and rules reaching from icebreakers to rubber, with a primary focus on Russia's extractive and weaponry industries.

Commerce and the Justice Department announced actions against an enterprise to ship aircraft parts to sanctioned carriers in Russia. Assistant Secretary for Export Enforcement, Matthew S. …

The leaders of the House Foreign Affairs Committee introduced legislation Tuesday to impose sanctions on activities supporting Iran’s missile and drone program ahead of the October expiration of the United Nations missile ban on Iran.

Treasury’s Office of Foreign Assets Control (OFAC) has removed Czech nuclear engineering firm Škoda JS A.S. from its Sectoral Sanctions Identifications List, following the acquisition of the energy services company by Czech energy giant ČEZ. The acquisition was made to mitigate the risk of sanctions affecting key supplies for ČEZ's nuclear power plants.  Škoda JS is a leading supplier of key components and equipment for nuclear power plants, and had been owned by a Russian entity.

European Commission President Ursula von der Leyen on Tuesday detailed a new set of sanctions targeting Russia, as well as Chinese and Iranian firms, during a meeting with Ukrainian President Volodymyr Zelenskyy.

The saga of export enforcement actions against Iran’s first private airline continues with the May 5 renewal of the temporary denial order (TDO) against Mahan Airways and associated persons first issued in March 2008.     As the Russian commercial fleet seeks maintenance and repair resources for its western fleet, Mahan's expertise in dodging sanctions is highly sought.

Treasury’s Office of Foreign Assets Control (OFAC) has sanctioned three individuals for providing support to North Korea through illicit financing and malicious cyber activity.

Treasury's Office of Foreign Assets Control (OFAC) has imposed sanctions on four senior officials of Iran's Islamic Revolutionary Guard Corps Intelligence Organization (IRGC-IO) in a groundbreaking move. In addition to the action against Iran, OFAC has implemented the State Department's designation of Russia's Federal Security Service (FSB) for its involvement in the wrongful detention of U.S. nationals abroad.

A New York attorney has pleaded guilty to conspiring to commit international money laundering in connection to maintaining properties in the U.S. owned by sanctioned Russian oligarch Viktor Vekselberg. The attorney, Robert Wise of Pelham, New York, admitted to taking part in a scheme that funneled approximately $3.8 million in U.S. dollars to six real properties, valued at around $75 million, on behalf of Vekselberg.

London-based tobacco giant, British American Tobacco p.l.c. (BAT), has agreed to pay more than $600 million to settle civil charges related to alleged violations of the North Korea and Weapons of Mass Destruction Proliferators Sanctions Regulations, according to a statements from the US Treasury's Office of Foreign Assets Control (OFAC) and the Justice Department.

The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) has imposed sanctions on one individual and six entities involved in a sanctions evasion network. This network facilitated Iran's procurement of electronic components for its military programs, including those used in unmanned aerial vehicles (UAVs).

The European Union (EU) imposed a ban on seaborne imports of Russian crude oil in response to the invasion of Ukraine, setting a price cap of USD60 for Russian crude oil. The effectiveness of these sanctions is being undermined by five "laundromat" countries: China, India, Turkey, United Arab Emirates (UAE), and Singapore, according to a recent report by Helsinki-based Centre for Research on Energy and Clean Air.