Category: Blog
Former Venezuelan VP Put on ICE Most Wanted List
No one is above the law – even leaders of foreign nations, and this has never been more apparent as we’ve all seen a global increase in the prosecution of political figures. Just recently, the United States’ Immigration and Customs Enforcement (ICE) put the former vice president of Venezuela, Tareck...
Read More
OFAC Sanctions 300 Entities and Individuals Helping Russia
Conventional warfare tactics would be devastating to the current global economy, so it makes sense that advanced nations have developed alternative ways to penalize each other. One of the top ways to cause problems for another country without actually being physically aggressive with our military is to create economic sanctions...
Read More
US Still Seeking Extradition of Kim Dotcom
Have you ever heard of or used Megaupload? This hosting service was originally founded by Kim Dotcom and presented itself as a service where internet users could store data and share files. As you can imagine, it didn’t take long for users to realize that they could store data, like...
Read More
State Street Hit with $7.5M OFAC Violation
The Office of Foreign Assets Control is a branch of the U.S. Department of the Treasury. It’s tasked with leveraging economic and trade sanctions based on national security goals and US foreign policy. The governmental agency uses these sanctions to help prevent threats to the US from getting financial help...
Read More
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...
Read More
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...
Read More
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....
Read More
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...
Read More
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...
Read More
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...
Read More