Search results for Ofac

Unblocking OFAC-Sanctioned Assets for Personal Needs and Hardship Circumstances

Economic sanctions enforced by the U.S. Treasury’s Office of Foreign Assets Control (OFAC) are some of the most powerful tools in U.S. foreign policy. When a person or company is d...

OFAC Enforcement: A Practical, Profession Overview For Compliance, Legal, and Risk Teams

OFAC Issues Guidance on Sham Transactions and Sanctions Evasion

On March 31, 2026, the Office of Foreign Assets Control (“OFAC”) issued an advisory (the “Advisory”) regarding sham transactions and their use in evading US sanctions. OFAC describ...

OFAC Sanctions Cartel-Linked Timeshare Resort in Mexico: What Hospitality and Travel Companies Should Know

On February 19, 2026, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) sanctioned a luxury timeshare resort near Puerto Vallarta connected to Cartel de...

New Cuba Sanctions Broaden Targeting Authorities—and Risk to Foreign Financial Institutions

On May 1, 2026, the Trump Administration escalated U.S. sanctions on Cuba by issuing Executive Order (E.O.) 14404, which, in part: (i) provides broad authority to designate parties...

Licencia 57 de la OFAC y lo que falta…

La licencia GL57 de la OFAC, emitida junto con la GL56 el 14/04/2026, permite realizar una serie de transacciones financieras y comerciales con el gobierno de Venezuela de parte de...

Cuba Executive Order Exposes Non-U.S. Companies and Financial Institutions to Significant New Sanctions Risk

The May 1 Executive Order (E.O.) significantly expands the authority of the U.S. Department of the Treasury, Office of Foreign Assets Control (OFAC), and the U.S. Department of Sta...

OFAC Expands Economic Fury Sanctions Targeting Iranian Missile and UAV Procurement Networks

On April 21, 2026, the U.S. Department of the Treasury’s Office of Foreign Assets Control (“OFAC”) announced a new sanctions action under its Economic Fury campaign, targeting Iran...

OFAC levanta el veto a buques de la "flota fantasma" que movían crudo venezolano para superar las sanciones

Los barcos fueron sancionados bajo la orden ejecutiva E013850 debido a maniobras opacas, como el cambio constante de nombres, registros y el uso de sistemas para evadir la supervis...

Secondary OFAC Sanctions - Enforcement Trends, Case Studies, and Exposure of Non-U.S. Companies

Introduction - Over the past decade, especially after the expansion of Russia-related measures in 2022, secondary sanctions have moved from a niche concept to a central pillar of...

OFAC Issues License Allowing Maduro’s Criminal Defense Counsel to Be Paid by Government of Venezuela, and then Revokes i...

In a development that implicates the tension between the rights of criminal defendants to be represented by counsel of their choice, and the right of the U.S. Department of the Tre...

OFSI Strategy: 2026 – 2029

On 15 April 2026, the Office of Financial Sanctions Implementation (OFSI) published its strategy for 2026 – 2029 to ensure UK financial sanctions remain effective, resilient and im...

U.S. Establishes New Cuba Sanctions Authority, Including Secondary Sanctions Risk

On May 1, 2026, President Donald Trump issued Executive Order 14404, titled “Imposing Sanctions on Those Responsible for Repression in Cuba and for Threats to United States Nationa...

FinCEN’s IRGC Alert: What Financial Institutions Need to Know About Iran’s Oil Smuggling and Shadow Banking Networks

On May 11, 2026, the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) issued an alert designed to help financial institutions identify and disrupt fu...

New Cuba Executive Order Creates an IEEPA-Based Sanctions Program and Secondary Sanctions Risk

On May 1, 2026, President Trump issued Executive Order (EO) 14404, “Imposing Sanctions on Those Responsible for Repression in Cuba and for Threats to United States National Securit...

Imposing Sanctions on Those Responsible for Repression in Cuba and for Threats to United States National Security and Fo...

Expands upon Executive Order 14380 that established a national emergency regarding Cuba due its threat to U.S. national security by directing the Department of State and Treasury t...

OFAC and BIS Violations: Is the Reporting Person a Whistleblower, Witness, or Confidential Source? Legal Risks, Strategy...

Companies engaged in international trade, banking, logistics, manufacturing, software, technology transfers, and cross-border finance face increasing scrutiny under U.S. sanctions...

OFAC eliminó sanción contra el exprocurador chavista Reinaldo Muñoz

Al exfuncionario lo sancionaron en septiembre de 2020 durante la primera administración de Donald Trump, cuando el Tesoro lo señaló como uno de los actores que, junto con otros fun...

OFAC Issues New and Updated General Licenses Authorizing Venezuelan Energy Sector Activities Involving Venezuelan-Origin...

The US Department of the Treasury’s Office of Foreign Assets Control (“OFAC”) has continued to progressively expand opportunities to engage in limited commercial activities in the...

Estados Unidos flexibiliza el bloqueo financiero: Licencia 57 autoriza operaciones con el BCV

EE. UU. emite Licencia 57 y autoriza operaciones financieras con el BCV y bancos pГєblicos. La medida flexibiliza restricciones. Aunque aГєn no implica el levantamiento total de sa...

New IEEPA Executive Order Expands Cuba Sanctions Risks

President Donald Trump on May 1, 2026, issued Executive Order (EO) 14404 to authorize additional sanctions with respect to Cuba pursuant to the International Emergency Economic Pow...

¿Quiénes son los funcionarios que siguen bajo el cerco de la OFAC?

Estados Unidos levantó las sanciones contra la presidenta encargada de Venezuela, Delcy Rodríguez; sin embargo, varios de los funcionarios clave de su gobierno enfrentan medidas po...

US sanctions Sinaloa cartel-linked Ethereum addresses

OFAC sanctioned six Ethereum addresses linked to a Sinaloa Cartel money laundering network allegedly converting drug proceeds into crypto.The US Department of the Treasury’s Office...

Asociación Bancaria prevé que con la licencia OFAC el BCV acceda a mejores herramientas para administrar el sistema camb...

Aunque el impacto de las flexibilizaciones no será inmediato, se espera que facilite operaciones diarias en el sector productivo, mejorando el acceso a pagos y exportaciones, y red...