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On March 24, OFAC issued General License I authorizing U.S. persons to engage in certain transactions ordinarily incident to the negotiation of, and entry into, contingent contracts for licensable activities...

Highlighting an allegedly corrupt, "oil-for-repression" relationship between Venezuela and Cuba, OFAC designated two companies involved in the transport of oil from Venezuela to Cuba pursuant to Executive Order 13850.

The U.S. Treasury Department Office of Foreign Assets Control ("OFAC") designated four individuals for their alleged roles in permitting Hizballah's activities to undercut security and stability in Iraq.

The U.S. Treasury Department Office of Foreign Assets Control ("OFAC") designated nine targets in an "international network" through which Iran, working with Russian companies,

The rule takes effect on March 12, 2025. Interested parties may submit comments on or before October 15, 2024.

OFAC extended the expiration date for two Ukraine-related General Licenses.

On February 16, 2022, the Department of the Treasury's Office of Foreign Assets Control (OFAC) published in the Federal Register a final rule adding formal regulations to ...

OFAC issued a "Finding of Violation" against State Street Bank and Trust Co. ("SSBT") with respect to Iranian Transactions and Sanctions Regulations. There is no monetary penalty associated with a Finding of Violation.

The U.S. Treasury Department ("Treasury") Office of Foreign Assets Control ("OFAC") designated two shipping companies based in China for allegedly helping North Korea evade U.S. sanctions.

On October 15, 2021, the U.S. Department of Treasury's Office of Foreign Assets Control (OFAC) released guidance on sanctions compliance for the digital currency industry.

OFAC sanctioned the Argentina-based Goldpharma Drug Trafficking and Money Laundering Organization ("Goldpharma DTO/MLO") ...

On July 31, OFAC designated Venezuelan President Nicolas Maduro Moros as a "Specially Designated National" ("SDN") blocking all of his assets and prohibiting any transaction in which he has an interest within U.S. jurisdiction.

The Vatican announced Wednesday that Pope Francis had accepted an invitation to visit Cuba.

On April 9th, the Bureau of Industry and Security ("BIS") proposed a rule that would remove certain documentation requirements in connection with Export Administration Regulations ("EAR") license applications.

If you had a choice between Customs conducting an audit of your supply chain, going back five years and a root canal. You'd pick the root canal

Although the United States, the European Union and the United Nations lifted a number of sanctions targeting Iran on 16 January 2016 in accordance with the terms of the recent Iran nuclear deal.

OFAC alleges that between May 2009 and May 2012, PanAm Seed repeatedly violated US export controls by exporting seeds to two Iranian distributors.