PRESS RELEASES U.S. Treasury Takes Sweeping Action Against Russia’s War Efforts May 8, 2022 Designations Include Financial Executives, Weapons Manufacturer, and State-Controlled Television Stations New Prohibitions Ban Services Critical to Russia’s Wartime Effort WASHINGTON – Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) designated individuals […]
Here are the press releases about OFAC’s actions late Friday afternoon related to Russia – from Treasury: PRESS RELEASES Treasury Sanctions Kremlin Elites, Leaders, Oligarchs, and Family for Enabling Putin’s War Against Ukraine March 11, 2022 Additional Guidance Issued to Prevent Sanctions Evasion and Implement New Executive Order WASHINGTON – […]
From Treasury: PRESS RELEASES Treasury Targets Russian Individuals and Entities Supporting DPRK Weapons of Mass Destruction and Ballistic Missile Programs March 11, 2022 WASHINGTON — The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) today sanctioned two individuals and three entities for supporting the DPRK’s ongoing development […]
PRESS RELEASES FATF Strengthens Financial Transparency Standards and Updates Evaluation Methodology March 4, 2022 WASHINGTON – Today the Financial Action Task Force (FATF) concluded its sixth plenary since the start of the ongoing COVID-19 pandemic, in a hybrid virtual/in-person session. The FATF agreed upon a revised standard to combat the […]
PRESS RELEASES U.S. Treasury Takes Additional Steps to Strengthen Compliance with Russia-Related Sanctions March 2, 2022 WASHINGTON – Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) issued new public guidance to cut off avenues for potential sanctions evasion by the Central Bank of the Russian […]
PRESS RELEASES U.S. Treasury Targets Belarusian Support for Russian Invasion of Ukraine February 24, 2022 WASHINGTON — As part of the United States’ serious and expansive response to Russia’s further invasion of Ukraine, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) is sanctioning 24 Belarusian individuals and entities […]
PRESS RELEASES U.S. Treasury Announces Unprecedented & Expansive Sanctions Against Russia, Imposing Swift and Severe Economic Costs February 24, 2022 United States Acts in Tandem with Partners and Allies to Maximize Consequences for Russia, and in Show of Unity Against Invasion of a Sovereign State Top Ten Russian Financial Institutions […]
PRESS RELEASES Treasury Releases Study on Illicit Finance in the High-Value Art Market February 4, 2022 WASHINGTON – Today, the U.S. Department of the Treasury published a study on the facilitation of money laundering and the financing of terrorism through the trade in works of high-value art. This study examined […]
PRESS RELEASES U.S. Treasury Expands Syria Nongovernmental Organizations General License November 24, 2021 Amends Syria Sanctions Regulations and Issues Two New FAQs WASHINGTON — Today, the Department of the Treasury’s Office of Foreign Assets Control (OFAC) amended the Syrian Sanctions Regulations (SySR) to expand the authorizations for nongovernmental organizations (NGO) […]
The United States faces a changing world where financial innovation, shifts in global economic activity, and new geopolitical challenges are redefining how economic power can be used to support national security objectives. These shifts are accompanied by new and rising threats for which sanctions may be a critical tool of […]
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