OFAC issued a revised General License authorizing energy-related transactions with certain entities through 12:01 a.m. May 15, 2023. The previous version of the GL, authorized such transactions through December 5, 2022.
OFAC redesignated a privacy-enhancing virtual currency mixing service that utilizes smart contracts "for its role in enabling malicious cyber activities, which ultimately support the Democratic People’s Republic of Korea's WMD program."
President Joseph R. Biden signed an Executive Order to target Nicaragua's gold sector and enhance Treasury and OFAC's ability to hold the government of Nicaragua accountable for its "continued attacks on Nicaraguans' freedom of expression and assembly."
OFAC issued a Finding of Violation to a Puerto Rico-based international bank for violating Venezuela Sanctions Regulations and OFAC Reporting Regulations.
A virtual currency exchange settled simultaneous OFAC and FinCEN charges for violating multiple sanctions regulations and failing to implement a sufficient AML program.