April 29, 2024
Back in February of 2022, the U.S. Treasury took significant action in response to Russia’s continued aggression in Ukraine. To help deter Russia from continuing down the same path, the U.S. Office of Foreign Assets Control decided to initiate specific sanctions against some of the country’s largest financial institutions. The sweeping OFAC sanctions targeted an…
April 15, 2024
On March 12, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) initiated sanctions against specific individuals who have been accused of materially assisting, sponsoring, and providing material, financial, or technological support, or goods or services to, or in support of Al-Ashtar Brigades. These individuals are all suspected operatives of the Al-Ashtar…
April 3, 2024
The Office of Foreign Assets Control settled its first case of 2024, and it’s a significant one. According to reports, EFG International AG, a private global banking group based out of Switzerland, has agreed to pay over $3.74 million for violations of multiple sanctions programs. The OFAC accused EFG of committing at least 727 securities…