Sanctions

Orlando-based Metalhouse LLC's President John Can Unsalan, 41, has been indicted and arrested for engaging in a $150 million scheme to violate U.S. sanctions against Russian oligarch Sergey Kurchenko and his two companies. Unsalan allegedly transferred over $150 million to Kurchenko and the associated companies between July 2018 and October 2021, receiving metal products used in steelmaking in return.

Treasury's Office of Foreign Assets Control (OFAC) has issued a warning to shipowners, protection and indemnity clubs, and flagging registries about deceptive practices involving Russian oil exports.

Top Treasury Department officials are embarking on a two-week journey through Central Europe and Central Asia to garner support for measures countering Russia's evasion of sanctions imposed due to the ongoing war in Ukraine.

According to a report by the United Nations on the Democratic People's Republic of Korea (DPRK), the country's nuclear weapons program has accelerated despite no nuclear tests during the reporting period, and sanctions evasion is rampant. The Report by the Panel of Experts is prepared annually for the Security Council to document compliance with the body's resolutions.

In a move to counter what it sees as a violation of the one-China principle, China has announced sanctions against two American institutions and four individuals involved in hosting Taiwan's leader, Tsai Ing-wen, during her recent visit to the United States. Tsai's visit took place from 29 to 31 March and from 4 to 6 April 2023.

Microsoft has agreed to pay $3.3 million to settle potential civil liability relating to exporting services or software to comprehensively sanctioned jurisdictions and Specially Designated Nationals (SDNs) in violation of OFAC's Cuba, Iran, Syria, and Ukraine-/Russia-Related sanctions programs.

The US and Mexico today announced a course of remediation to address repeated denials of rights at a Troy Michigan-based VU Manufacturing’s automotive components facility in Piedras Negras, Coahuila, Mexico, three miles from the US border.

The Treasury and Federal Reserve have jointly fined Wells Fargo Bank nearly $100 million for failing to prohibit sanctions violations conducted on its trade finance platform Eximbills over a period of seven years.

Treasury's Office of Foreign Assets Control (OFAC) issued a license permitting a sanctioned Paraguayan tobacco company to continue its remittances under the 1998 Tobacco Master Settlement Agreement.

Treasury’s Office of Foreign Assets Control (OFAC) and UK officials named associates of Syrian President Bashar al-Assad for the production or export of Captagon, a dangerous amphetamine.

The State Departement designated of the former Director of the Paraguayan Civil Aviation Authority, a current member of the Paraguayan Panel for the Discipline of Judges and Prosecutors  and …

Treasury's Office of Foreign Assets Control (OFAC) is amending and reissuing the Belarus Sanctions Regulations, sanctioned a Burmese aviation fuel broker, and updated the SDN List.

Treasury’s Office of Foreign Assets Control (OFAC) designated four entities and three individuals in Iran and Turkey for their involvement in the procurement of equipment, including European-origin engines of unmanned aerial vehicles (UAV) in support of Iran’s UAV and weapons programs.

The Treasury Department  is designating a network of five companies and one individual for supporting Iran’s unmanned aerial vehicle (UAV) procurement efforts.

Following through on their commitment to “work collectively on further measures on Russian diamonds,” made after last month’s G-7 Summit, US and European Commission officials met …

Elizabeth Rosenberg, the assistant Treasury secretary for terrorist financing and financial crimes, added to the drumbeat of criticism of sanction dodging regimes, telling a meeting of Women in International Trade that the UAE was a “country of focus” for the US.

The Bureau of Industry and Security added 37 entities under 38 entries to the Entity List March 2nd, including 28 Chinese firms.

Signaling a redoubled focus on countries providing conduits to evade western sanctions, Commerce’s Bureau of Industry and Security, the Department of Justice and Treasury’s Office of Foreign Assets Control, issued a Tri-Seal Compliance Note to …

The White House marked the anniversary of Russia’s invasion of Ukraine with a raft of spending, tariffs, sanctions and export controls aimed at Russia and her enablers. 

China touted its own sanctions blacklist, placing Lockheed Martin and Raytheon Missiles & Defence to China’s “Unreliable Entity List” over their participation in arms sales to …

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