The fine is the third-largest in U.S. history. The Treasury Department’s Financial Crimes Enforcement Network (FinCEN) announced penalties of over $1.21 billion against Bank of America for violating…
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President Trump Reports Deal to Reduce Diesel Prices
The Treasury Department is issuing a temporary license for Russian diesel to be sold internationally. President Donald Trump announced a deal with Russia on Friday to lower the…
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U.S. Cuts Off Hamas’ Financing Network
State and Treasury Departments announce designations and sanctions against individuals and entities supporting the terrorist group. The Departments of State and the Treasury announced that the Office of Foreign…
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State Department Announces Further Sanctions and Restrictions on Cuba
U.S. banks are prohibited from maintaining accounts for Cuban entrepreneurs. The Department of the Treasury’s Office of Foreign Assets Control (OFAC) published new Cuba Sanctions Regulations this week,…
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U.S. Extends Sanctions on Iranian Airlines to Supporters
President Trump says he’s in “deciding mode” on next steps regarding the Islamic Republic. U.S. Treasury Secretary Scott Bessent announced additional sanctions against Iran’s commercial airlines and those…
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House Approves Russia Sanctions Bill
The legislation gives President Trump authority to impose tariffs on nations that purchase Russian oil and gas. The House of Representatives voted to pass legislation, named for the…
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State Department Extends Sanctions on Palestinian Authority and PLO Officials
The action is the result of the continued failure of the Palestinian leaders to adhere to commitments under agreements from 1989 and 2002. The State Department informed Congress…
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U.S. Imposes Sanctions on Russia’s VTB
The financial institution was assisting Iran in evading sanctions. The Departments of State and Treasury announced that the Office of Foreign Assets Control (OFAC) placed sanctions on Russia’s VTB Bank…
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FinCEN Identifies $17 Billion in Healthcare Fraud
Secretary Bessent said, “Treasury will continue working alongside our law enforcement partners to disrupt fraud wherever it occurs, protect Americans, and safeguard the integrity of taxpayer-funded programs.” The…
Read MoreTreasury Grounds Iranian Airlines with Sanctions
Secretary Bessent said anyone doing business with Iranian airlines risks being cut off from the global financial system. The U.S. Department of the Treasury’s Office of Foreign Assets…
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