Year: 2024
Extradition Shouldn’t Be Political
Extradition is the formal process of one government transferring an individual from their custody into the custody of another country after that person has been accused of a crime. The extradition process is agreed upon by all countries in order to combat transnational criminal activities and keep everyone safer. After...
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New Sanctions Target Russian Arctic LNGs
Sanctions are designed to prevent an individual, entity, or country from conducting certain business transactions. In recent years, multiple global governments have been working together to sanction Russia, Russian companies, Russian nationals, and Russian businesses in an effort to slow down and disable the Russian military from pursuing its goals...
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New Sanctions Against President Dodik Network
On June 18, the Office of Foreign Assets Control (OFAC) added two more individuals and seven more entities to the official sanctions list. These entities and individuals are all accused of providing a major source of revenue for Republika Srpska (RS) President Milorad Dodik and his family. Dodik has been...
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US Expands Sanctions Against Russia
Have you heard that Russian warships have been spotted off the coast of Florida? While this military movement shouldn’t cause anyone to panic, it is a sign of concern considering the extreme global unrest that continues to escalate as a result of the Ukrainian situation. The White House isn’t backing...
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Houthi Financial Network Faces More Sanctions
Since October 2023, the U.S. has been targeting the network of Sa’id al-Jamal, a Houthi financial facilitator, with various economic sanctions. Just recently, the Department of the Treasury’s Office of Foreign Assets Control (OFAC) initiated a 7th round of financial sanctions against Sa’id al-Jamal and everyone who is supporting him....
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OFAC Sanctions Cyprus-Based Entities
The Office of Foreign Assets Control (OFAC) is a U.S. governmental agency that’s tasked with ensuring that no one in the states is supporting terrorists, restricted governments, or other entities that are determined to be national threats. To enforce restrictions and uphold national security, the OFAC issues sanctions. These sanctions...
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Global Sanctions: Are They Worth It?
Sanctions are a type of legal action taken by one country in order to punish another country, state, business, or group. These sanctions limit the freedom of the target and possibly put economic or political restrictions on them. For example, one country’s bad behavior might lead another country to put...
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OFAC Lifts Sanctions on Russia-Based Aircraft Company
The Office of Foreign Assets Control (OFAC) is the primary agency responsible for monitoring and controlling assets that are potentially landing in the hands of bad global actors. Most importantly, the OFAC seeks to ensure that terrorists, drug dealers, and human traffickers aren’t being funded through business deals, trades, and...
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Transactions Involving VTB Bank Europe Authorized in U.S. Again
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...
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OFAC Sanctions 4 for Aiding Terrorists in Bahrain
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...
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