The Ethics Committee was poised to impose consequences on the representative from Florida regarding financial dealings. Congresswoman Sheila Cherfilus-McCormick of Florida resigned her seat in the House of…
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Treasury Secretary Outlines Potential Sanctions on China for Financial Support to Iran
The economic pressure on Iran contributed to the reopening of the Hormuz Strait. Treasury Secretary Scott Bessent discussed the “secondary sanctions“ the United States has threatened to impose…
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Treasury Secretary Takes More Steps to Address Fraud Against Federal Healthcare Programs
FinCEN also issued an advisory for financial institutions after launching a whistleblower website. Treasury Secretary Scott Bessent announced that financial institutions are being encouraged to alert Financial Crimes…
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State Department Announces Sanctions Against North Korean IT Operatives
The individuals and entities have been involved in defrauding U.S. businesses. The State Department announced sanctions against two entities and six individuals involved in operations using Information Technology…
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U.S. Declares National Emergency Related to Cuba and Energy Trade
The president’s executive order creates new authority to impose tariffs tied to oil shipments to the island. President Donald Trump signed an executive order last week declaring a…
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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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U.S. Designates 3 Muslim Brotherhood Chapters as Terrorist Organizations
State and Treasury Departments impose sanctions citing security concerns. The U.S. recently designated the Lebanese, Jordanian, and Egyptian branches of the Muslim Brotherhood as a Foreign Terrorist Organization…
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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…
Read MoreDOJ and FBI Announce Details of Oil Tanker Seized Under Judicial Warrant
The tanker, already under U.S. sanctions, sought to conceal its identity and location. The Department of Justice unsealed a warrant issued by a District of Columbia U.S. District…
Read MorePresident Trump Announces U.S. Seizure of Venezuelan Oil Tanker
The president says, “It was seized for a very good reason.” President Donald Trump announced on Wednesday that the U.S. Coast Guard, assisted by the U.S. Navy, had…
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