Sanctions

Sanctions

OFAC Sanctions Nicaragua’s Attorney General for Corrupt Practices

By Editors | 21/03/2024

OFAC said Nicaragua’s Attorney General facilitated the theft of real property formerly belonging to independent media outlets, NGOs, and political prisoners.

Sanctions

OFAC Targets Procurement Networks Used for Iran Weapons Programmes

By Editors | 21/03/2024

The sanctions target 5 individuals and 10 companies they own or use to facilitate procurements for Iran’s nuclear and other military weapons programmes.

Sanctions

OFAC Issues New Russia Sanctions Over ‘Malign Influence Efforts’

By Editors | 20/03/2024

Two individuals and their companies were sanctioned for creating fake websites designed to impersonate government bodies and media outlets with intent to deceive.

Fintech / Regtech

Microsoft, Amazon Suspend Russian Access to Cloud Products

By Editors | 18/03/2024

The move is a response to the EU’s 12th package of Russia sanctions, which prohibits companies from supplying enterprise or design software to companies in Russia.

Sanctions

Russia Imposes New Personal Sanctions on 227 US Citizens

By Editors | 17/03/2024

The sanctions target several current and former State Department officials, along with journalists, researchers, and members of the business community.

Sanctions

OFAC Targets Another Vessel Over Iran Commodity Shipments

By Editors | 17/03/2024

The sanctions target a Panama-flagged vessel which OFAC says headed to China carrying Iranian commodities received on behalf of a Houthi financial facilitator.

Sanctions

G7 Warns of Sanctions if Iran Delivers Missiles to Russia

By Editors | 17/03/2024

If Iran delivers ballistic missiles to Russia, Iran Air flights to European cities could be suspended, among other unspecified measures.

Enforcement

OFAC Penalises Swiss Bank for Apparent Sanctions Violations

By Editors | 15/03/2024

OFAC said EFG International caused US firms to process 873 securities-related transactions on behalf of sanctioned individuals.

Sanctions

US Extends Iran Sanctions Waiver Used by Iraq

By Editors | 14/03/2024

The waiver allows Iraq to pay Iran for electricity and natural gas imports into escrow accounts, where the funds can only be used for humanitarian supplies.