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OFAC enters into rare settlement with individual over Iranian payments and facilitation

Iran, USA - December 14 2021 On December 8, 2021, the US Treasury Department’s Office of Foreign Assets Control (OFAC) announced a $133,860 settlement with an unnamed individual…

Meredith Rathbone, David M. Stetson, Nicholas Turner, Wendy Wysong

OFAC sanctions DRC associates of sanctioned billionaire in conjunction with new strategy on countering corruption and global magnitsky designations

USA - December 10 2021 On December 6, 2021, the US Treasury Department’s Office of Foreign Assets Control (OFAC) named one individual and 12 entities in the Democratic…

Evan Abrams, Jack R. Hayes, David M. Stetson, Nicholas Turner, Wendy Wysong

Changes Ahead? US Treasury Publishes Outcomes of Sanctions Policy Review

USA - October 22 2021 On October 18, 2021, the US Treasury Department published a report of its 2021 Sanctions Review of economic and financial sanctions implemented by…

Evan Abrams, Jack R. Hayes, Meredith Rathbone, David M. Stetson, Nicholas Turner, Wendy Wysong

OFAC Issues Compliance Guidance for the Virtual Currency Industry

USA - October 18 2021 On October 15, 2021, the US Department of the Treasury’s Office of Foreign Assets Control (OFAC) issued anticipated Sanctions Compliance Guidance for…

Evan Abrams, Alan Cohn, Jack R. Hayes, Meredith Rathbone, David M. Stetson, Nicholas Turner, Wendy Wysong

OFAC’s New Afghanistan-Related Humanitarian Licenses: Opportunities and Challenges

Afghanistan, USA - September 28 2021 On September 24, 2021, the US Department of the Treasury’s Office of Foreign Assets Control (OFAC) issued General License 14 (GL-14) and General…

Ali Burney, Brian Egan, Jack R. Hayes, Peter Edward Jeydel, Meredith Rathbone, Nicholas Turner