The Justice Department has also targeted cryptocurrency proceeds from black-market sales of sanctioned Iranian crude oil and petroleum. The Treasury Department’s Office of Foreign Assets Control designated BitBank, a…
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Treasury Continues to Remove Sanctions Under Modernization Initiative
OFAC also announced the launch of a Reconsideration Portal for persons or property on the sanctions list. The Department of the Treasury’s Office of Foreign Assets Control (OFAC)…
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OFAC Sanctions Iranian Financier and Shadow Exchange Houses
The Treasury Department reported that “the ultimate goal of sanctions is not to punish, but to bring about a positive change in behavior.” The Department of the Treasury’s…
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Treasury Department Issues 60-Day Oil Sanctions Waiver for Iran
Secretary Bessent cited the “productive talks” in Switzerland and Iran’s commitments to uranium inspections and opening the Strait of Hormuz. Treasury Secretary Scott Bessent announced the Office of…
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Administration Expands Sanctions Against Supporters of Iran
Secretary Rubio discusses targeted individuals and entities, including those in Iraq, the UAE, and China. Secretary of State Marco Rubio announced that the U.S. is expanding sanctions against…
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Treasury Proposes Rules for Stablecoin Oversight Under New Federal Law
The draft regulation outlines anti-money laundering and sanctions requirements for digital payment issuers. The Financial Crimes Enforcement Network (FinCEN)and the Office of Foreign Assets Control (OFAC) recently introduced…
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U.S. Imposes Visa Restrictions and Sanctions for Rwandan Violations of Peace Accords
Measures target Rwandan military officials and entities accused of supporting the armed group M23. The U.S. Department of State announced visa restrictions on several senior Rwandan officials in…
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USDA Launches Reporting Portal for Foreign-Owned Agricultural Land Transactions
AFIDA Act requires the reporting of the expansive foreign agricultural land holdings in the U.S. The Department of Agriculture (USDA) has announced the launch of an online reporting…
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OFAC Sanctions Iran’s “Shadow Fleet” of Oil Vessels
The agency says that the Iranian ships carry products that fund proxies and missiles. The Department of the Treasury’s Office of Foreign Assets Control (OFAC) announced sanctions on…
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Treasury Sanctions Firms and Vessels Linked to Venezuelan Oil Trade
OFAC action targets companies and tankers operating in sanctioned sectors. The Treasury Department’s Office of Foreign Assets Control (OFAC) announced sanctions against four companies involved in Venezuela’s oil…
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