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OFAC

Sanctions Risk for Foreign Financial Institutions that Join Russian Financial Messaging System, System for Transfer of Financial Messages

Read here: https://ofac.treasury.gov/media/933656/download?inline

Settlement Agreement between the U.S. Department of the Treasury’s Office of Foreign Assets Control and Vietnam Beverage Company Limited

Read here: https://ofac.treasury.gov/recent-actions/20241017_33

Link to enforcement notice: https://ofac.treasury.gov/media/933501/download?inline

OFAC settles sanctions violations with State Street Bank and Trust Company and its subsidiary, Charles River Systems, Inc.

Read here: https://ofac.treasury.gov/recent-actions/20240726

Enforcement release here: https://ofac.treasury.gov/media/933081/download?inline

Settlement agreement here: https://ofac.treasury.gov/media/933076/download?inline

Settlement Agreement between OFAC and SCG Plastics Co., Ltd

Read here: https://ofac.treasury.gov/recent-actions/20240419_33

Settlement Agreement between the OFAC and EFG International AG for Sanctions Violations

Read here: https://ofac.treasury.gov/recent-actions/20240314_33

Enforcement notice: https://ofac.treasury.gov/media/932766/download?inline

OFAC Imposes Sanctions on Iraq Al-Huda Bank’s Owner

Read here: https://home.treasury.gov/news/press-releases/jy2053

Settlement Agreement between OFAC and Privilege Underwriters Reciprocal Exchange for sanctions violations

Read here: https://ofac.treasury.gov/recent-actions/20231221_33

Link to settlement notice: https://ofac.treasury.gov/media/932486/download?inline

OFAC Publishes Guidance for Foreign Financial Institutions on OFAC Sanctions Authorities Targeting Support to Russia’s Military-Industrial Base

Read here: https://ofac.treasury.gov/media/932436/download?inline

White House Factsheet: https://www.whitehouse.gov/briefing-room/statements-releases/2023/12/22/fact-sheet-biden-administration-expands-u-s-sanctions-authorities-to-target-financial-facilitators-of-russias-war-machine/

Publication of Quint-Seal Compliance Note-Know Your Cargo: Reinforcing Best Practices to Ensure the Safe and Compliant Transport of Goods in Maritime and Other Forms of Transportation

Read here: https://ofac.treasury.gov/recent-actions/20231211_33

Link to Compliance note: https://ofac.treasury.gov/media/932391/download?inline

Settlement Agreement Between OFAC and Nasdaq Inc for Sanctions Violations

Read here: https://ofac.treasury.gov/recent-actions/20231208_33

Enforcement release here: https://ofac.treasury.gov/media/932386/download?inline

Settlement Agreement between the OFAC and daVinci Payments for sanctions violations

Read here: https://ofac.treasury.gov/recent-actions/20231106

Settlement Agreements between the OFAC and 3M Company, and with Emigrant Bank

Read here: https://ofac.treasury.gov/recent-actions/20230921

3M enforcement notice: https://ofac.treasury.gov/media/932161/download?inline

3M settlement agreement: https://ofac.treasury.gov/media/932166/download?inline

Emigrant Bank enforcement notice: https://ofac.treasury.gov/media/932156/download?inline

Humanitarian Assistance and Food Security Fact Sheet: Understanding UK and U.S. Sanctions and their Interconnection with Russia

Read here: https://ofac.treasury.gov/recent-actions/20230628

Link to fact sheet: https://ofac.treasury.gov/media/931946/download?inline

Settlement Agreement Between OFAC and Swedbank AS (Latvia) for Crimea Sanctions Violations

Read here: https://ofac.treasury.gov/recent-actions/20230620_33

Link to enforcement notice: https://ofac.treasury.gov/media/931911/download?inline

Settlement Agreements between OFAC; Murad, LLC, and an Individual

Read here: https://ofac.treasury.gov/recent-actions/20230517_33

Link to settlement: https://ofac.treasury.gov/media/931766/download?inline

OFAC Alert on Possible Evasion of the Russian Oil Price Cap

Read here: https://ofac.treasury.gov/media/931641/download?inline

Settlement Agreement between OFAC and Uphold HQ Inc for sanctions violations

Read here: https://ofac.treasury.gov/recent-actions/20230331_33

Link to Settlement Agreement: https://ofac.treasury.gov/media/931556/download?inline

Settlement Agreement between the U.S. Department of the Treasury’s Office of Foreign Assets Control and Wells Fargo Bank, N.A. (“Wells Fargo”)

Read here: https://ofac.treasury.gov/recent-actions/20230330_33

Link to Settlement Agreement: https://ofac.treasury.gov/media/931546/download?inline

Settlement Agreement between the U.S. Department of the Treasury’s Office of Foreign Assets Control and Godfrey Phillips India, Ltd

Read here: https://home.treasury.gov/system/files/126/20230301_gpi.pdf

Press release here: https://home.treasury.gov/policy-issues/financial-sanctions/recent-actions/20230301_33

Settlement Agreement between the U.S. Department of the Treasury’s OFAC and Banco Popular de Puerto Rico

Read here: https://home.treasury.gov/policy-issues/financial-sanctions/recent-actions/20220527_33

Link to settlement notice: https://home.treasury.gov/system/files/126/20220527_bppr.pdf

Treasury Sanctions Major Ecuadorian and Mexican Narcotics Traffickers With Ties to the Sinaloa Cartel and CJNG

Read here: https://home.treasury.gov/news/press-releases/jy0592

OFAC Settles with Airbnb Payments, Inc. for $91,172.29 Related to Apparent Violations of the Cuban Assets Control Regulations

Read here: https://home.treasury.gov/system/files/126/20220103_abnb.pdf

OFAC Settles with TD Bank, N.A. for $115,005.04 Related to Violations of the North Korea Sanctions and Foreign Narcotics Kingpin Sanctions

Read here: https://home.treasury.gov/system/files/126/20211223_TDBNA.pdf

Treasury Designates al-Qa’ida Support Network in Brazil

Read here: https://home.treasury.gov/news/press-releases/jy0546

Treasury Targets Corruption Linked to Dan Gertler in the Democratic Republic of Congo

Read here: https://home.treasury.gov/news/press-releases/jy0515

OFAC Issues a Finding of Violation to Mashreqbank psc for Violations of the Sudanese Sanctions Regulations

Read here: https://home.treasury.gov/system/files/126/20211109_mashreq.pdf

Sanctions Compliance Guidance for Virtual the Currency Industry

Read here: https://home.treasury.gov/system/files/126/virtual_currency_guidance_brochure.pdf

Link to press release here: https://home.treasury.gov/news/press-releases/jy0410

Settlement Agreements between OFAC and Cameron International Corporation and Schlumberger Rod Lift, Inc.

Read here: https://home.treasury.gov/policy-issues/financial-sanctions/recent-actions/20210927

Updated Advisory on Potential Sanctions Risks for Facilitating Ransomware Payments

Read here: https://home.treasury.gov/system/files/126/ofac_ransomware_advisory.pdf

Press release: https://home.treasury.gov/policy-issues/financial-sanctions/recent-actions/20210921

OFAC Settles with NewTek, Inc. for Its Potential Civil Liability for Apparent Violations of the Iranian Transactions and Sanctions Regulations

Read here: https://home.treasury.gov/system/files/126/20210909_newtek.pdf

OFAC settles with First Bank SA and JC Flowers & Co. for $862,318: In connection with Iran and Syria Sanctions Programs

Read here: https://home.treasury.gov/system/files/126/20210827_firstbank_flowers.pdf

OFAC Enters Into a $2,329,991 Settlement with Bank of China (UK) Limited for Apparent Violations of the Sudan Sanctions Regulations

Read here: https://home.treasury.gov/system/files/126/20210826_bankofchina_uk.pdf

Treasury Targets Corruption Networks in Paraguay

Read here: https://home.treasury.gov/news/press-releases/jy0332

Treasury Designates Al-Qa’ida-Linked Financial Facilitators in Turkey and Syria

Read here: https://home.treasury.gov/news/press-releases/jy0293

Settlement Agreement between the U.S. Department of the Treasury’s Office of Foreign Assets Control and Payoneer Inc

Read here: https://home.treasury.gov/system/files/126/20210723_payoneer_inc.pdf

Settlement Agreements between the U.S. Department of the Treasury’s Office of Foreign Assets Control and Alfa Laval Middle East Ltd. and Alfa Laval Inc.

Read here: https://home.treasury.gov/policy-issues/financial-sanctions/recent-actions/20210719

Treasury Sanctions Influential Bulgarian Individuals and Their Expansive Networks for Engaging in Corruption

Read here: https://home.treasury.gov/news/press-releases/jy0208

Treasury Sanctions Governing Body, Officials, and Family Members Connected to Burma’s Military

Read here: https://home.treasury.gov/news/press-releases/jy0180

Treasury Targets ISIS Financial Facilitators in Syria and Turkey

Read here: https://home.treasury.gov/news/press-releases/jy0179

OFAC Enters Into $34,328.78 Settlement with MoneyGram Payment Systems, Inc. for Apparent Violations of Multiple Sanctions Programs

Read here: https://home.treasury.gov/system/files/126/20210429_moneygram.pdf

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