Category: News
OFAC Issues Revised GL 13P
Under Executive Order 14024, Directive 4, the Director of the Office of Foreign Assets Control (OFAC) and the Department of State have made the official decision to prohibit transactions that involve: The Central Bank of the Russian Federation The National Wealth Fund of the Russian Federation The Ministry of Finance...
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OFAC Updates Sanction List: December 2025
On Monday, November 24, the Office of Foreign Assets Control removed several individuals and legal entities from their sanctioned list. Among those removed were five people and three companies that are registered in Cyprus and previously posed a “secondary sanctions risk”. The reason these entities and individuals were sanctioned initially...
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US Indicts Political Leader of Guyana
On October 2nd, the United States officially indicted Nazar Mohamed and Azruddin Mohamed, two residents of Guyana, on charges that include money laundering, bribery, mail fraud, wire fraud, and tax evasion. This indictment, the two arrests, and the potential extradition have all been very controversial due to Azruddin’s political rise...
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Former FIFA Vice President Avoids Extradition to US
Jack Warner, the former vice president of FIFA, has faced pending U.S. corruption charges for over a decade as a result of his participation in a bribery scandal involving the famous international football governing body. Just recently, the United States' extradition request was denied by Trinidad and Tobago’s high court....
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DEA Uncovers Vast Drug Trafficking Network Connected to Turkey
In a major accomplishment, U.S. law enforcement agencies have successfully uncovered a vast methamphetamine network spanning multiple continents. The operation has identified at least one major Turkish national as a key player in organizing the international drug trafficking scheme. The operation also revealed that Turkey has become a key hub...
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New Round of OFAC Sanctions Target Iran
Considering the increasing tension between Iran, Israel, America, and the rest of the world, it makes sense that the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) decided to issue a new round of sanctions to weaken Iran. These latest sanctions specifically target Iran’s shadow banking network...
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India to Extradite Founder of Garantex to US
The Central Bureau of Investigation (CBI) has apprehended Aleksej Besciokov in India under the suspicion of operating Garantex, a cryptocurrency exchange that’s been accused of money laundering. Besciokov is being held and is expected to be extradited to the U.S. to face charges. According to reports, Besciokov was vacationing with...
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OFAC Sanctions 3 Individuals and 2 Entities for Smuggling Fuel
The United States Department of the Treasury’s Office of Foreign Assets Control (OFAC) just made major moves against a Mexican cartel accused of transporting fentanyl into the country and stealing fuel. The OFAC sanctioned two Mexican entities and three Mexican nationals that it believes play a role in the drug...
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FBI’s Most Wanted Nigerian Email Scammer Extradited to U.S.
Cyberspace might seem anonymous, and you might feel empowered by the distance it provides between you and other people, but it’s important to remember that cybercrimes are still prosecuted every day. The United States isn’t shy about extraditing individuals from other countries that they feel are committing crimes online. In...
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OFAC Sanctions 8 Cryptocurrency Addresses
According to the Office of Foreign Assets Control (OFAC), a network of Houthi financial facilitators and procurement operatives was recently identified as securing commodities from Russia. Reports suggest those ‘commodities’ included weapons and were worth an estimated “tens of millions of dollars” overall. Some of the commodities being acquired included...
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