OFAC issued a new General License that authorizes transactions ordinarily incident and necessary to the closing of personal accounts at financial institutions that are blocked pursuant to Russian Harmful Activities Sanctions Regulations.
OFAC sanctioned a virtual currency mixer responsible for laundering over $7 billion since its inception, as well as facilitating illicit activities for OFAC-sanctioned entities. This is the first time OFAC sanctioned a decentralized technology protocol instead of an individual, group or entity.
OFAC imposed a new round of sanctions targeting economic sectors that generate "substantial revenue" for the Russian regime. OFAC also issued General Licenses authorizing certain transactions along with related FAQs.
OFAC issued a "Finding of Violation" to a bank for violations of the Weapons of Mass Destruction Proliferators Sanctions Regulations.
OFAC issued a general license authorizing transactions "ordinarily incident and necessary to the wind down" of certain financial contracts with Russian Federation entities.