The Latest Breaking News from Office of Foreign Assets Control

Man Offers To Buy Car With Cash. Then He Realizes The Dealership Has A 'Hidden Agenda'—And Threatens Him

“I walked out of a dealership because of this.”

Motor1 · Aug 24

Trump Has 'Promised' to Remove Colombian President Petro From US Sanctions List After Apparently Not Knowing He Was On it

Colombian President Gustavo Petro said Friday that President Donald Trump promised to act on removing Petro and his family from the U.S. Treasury’s Office of Foreign Assets Control sanctions list, commonly known as the Clinton List.

Benzinga · Jul 4

Why was HasanAbi subpoenaed by the US Treasury? Cuba trip controversy explained

Hasan Piker is facing federal scrutiny after the U.S. Treasury’s Office of Foreign Assets Control reportedly issued subpoenas connected to his March 2026 Cuba trip. Authorities are investigating whether participants violated U.S. sanctions laws through financial or travel-related activities involving Cuban government-linked entities. HasanAbi denied wrongdoing, saying, “we stayed at…

The Times of India · May 25

The future of U.S. crypto sanctions

A new Chainalysis report highlights how the Office of Foreign Assets Control has been targeting bad actors in the crypto sector.

Fortune · Jan 9, 2023

US Imposes Additional ‘Hezbollah’-Related Sanctions

The United States on Thursday sanctioned individuals and companies for allegedly providing financial services to and facilitating weapons procurement for the Lebanese “Hezbollah,” the US Treasury Department stated. “The US Department of the Treasury’s Office of Foreign Assets Control (OFAC) took action against two individuals and two companies based in…

Asharq Al-Awsat · Dec 2, 2022

US Sanctions IRGC-Affiliated Individuals, Entities for Malicious Cyber Acts

The US Treasury imposed new sanctions on the Iranian Revolutionary Guards Corps (IRGC) for their role in malicious cyber acts. The Department of the Treasury's Office of Foreign Assets Control (OFAC) sanctioned ten individuals and two entities for their roles in conducting malicious cyber acts, including ransomware activity. The Treasury…

Asharq Al-Awsat · Sep 15, 2022

How can web3 technology help protect privacy?

The US Department of the Treasury's Office of Foreign Assets Control last month sanctioned a technology called Tornado Cash, on the grounds that it "has been used to launder more than $7 billion (over 253 billion baht) worth of virtual currency since its creation in 2019". Such enforcement measures are…

Bangkok Post · Sep 13, 2022

US Sanctions Lebanese Businessman, his Firms over Hezbollah Ties

The US Treasury Department on Thursday issued new Hezbollah-related sanctions, designating Lebanese businessman and the Iran-backed group's financial facilitator, Ahmad Jalal Reda Abdallah, and his companies. Abdallah, five of his associates and eight of his companies in Lebanon and Iraq were sanctioned and added to the sanctions list of the…

Asharq Al-Awsat · May 19, 2022

MTK Global distances itself from mobs boss Daniel Kinahan in new statement

The move comes after the Kinahan crime gang was hit with a series of sanctions

Dublin Live · Apr 15, 2022

Kinahan cartel members hit by US sanctions as part of international action

The US Department of the Treasury’s Office of Foreign Assets Control (OFAC) issued the order against the 'Kinahan Organized Crime Group' along with seven of its key members

Dublin Live · Apr 12, 2022