OFAC designated 25 individuals and 29 entities based in 20 jurisdictions participating in a network that facilitated the importation of critical technologies used in Russia's war against Ukraine.
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A U.S.-based multinational technology company settled coordinated enforcement charges by the Commerce Department Bureau of Industry and Security and Treasury’s Office of Foreign Assets Control for failing to identify and prevent the sale of technology products to blocked persons and into sanctioned jurisdictions.
The DOJ seized the online platform "Genesis Market," describing it as “one of the world’s largest illicit marketplaces” selling stolen account access credentials to cybercriminals on a global scale. In a coordinated action, OFAC designated the online marketplace on the Specially Designated Nationals and Blocked Persons Lists.
A multi-asset digital trading platform settled a potential civil liability with OFAC for apparent sanctions violations after processing transactions for customers who were either (i) located in Iran or Cuba or (ii) were employees of the Government of Venezuela.
The Federal Reserve Board and the Treasury Office of Foreign Assets Control fined a banking entity for apparent sanctions violations. The regulators charged that the bank provided software to a European bank engaged in transactions with sanctioned jurisdictions.