21 Aug 2024 14:00:00 EDT This feed allows users to subscribe to the latest OFAC actions via RSS. The feed is updated everytime a new recent actions notice is released. https://ofac.treasury.gov/recent-actions.aspx 30 en-us o_f_a_c@do.treas.gov (OFAC) The Department of the Treasury's Office of Foreign Assets Control (OFAC) is amending its regulations to implement for 2024 the Federal Civil Penalties Inflation Adjustment Act of 1990, as amended by the Federal Civil Penalties Inflation Adjustment Act Improvements Act of 2015. This regulatory amendment adjusts for inflation the maximum amount of the civil monetary penalties that may be assessed under relevant OFAC regulations. This regulatory amendment is currently available for public inspection with the Federal Register and will take effect upon publication in the Federal Register on Friday, January 12, 2024. Additionally, OFAC has updated its Specially Designated Nationals and Blocked Persons List. Please visit the URL below to view this action 11 Jan 2024 10:30:00 EDT https://ofac.treasury.gov/recent-actions/20240111 OFAC has updated its SDN List. Please visit the URL below to view this action 12 Jan 2024 10:30:00 EDT https://ofac.treasury.gov/recent-actions/20240112 The Department of the Treasury's Office of Foreign Assets Control (OFAC) is issuing Venezuela-related General License 5N "Authorizing Certain Transactions Related to the Petroleos de Venezuela, S.A. 2020 8.5 Percent Bond on or After April 16, 2024." 16 Jan 2024 12:00:00 EDT https://ofac.treasury.gov/recent-actions/20240116 The Department of the Treasury's Office of Foreign Assets Control (OFAC) is issuing Counter Terrorism General License 22, "Transactions Related to the Provision of Agricultural Commodities, Medicine, Medical Devices, Replacement Parts and Components, or Software Updates Involving Ansarallah," General License 23, "Authorizing Transactions Related to Telecommunications Mail, and Certain Internet-Based Communications Involving Ansarallah," General License 24, "Authorizing Noncommercial, Personal Remittances Involving Ansarallah," General License 25, "Authorizing Transactions Related to Refined Petroleum Products in Yemen Involving Ansarallah," and General License 26, "Authorizing Certain Transactions Necessary to Port and Airport Operations Involving Ansarallah." Additionally, OFAC has updated its Specially Designated Nationals and Blocked Persons List: 17 Jan 2024 10:30:00 EDT https://ofac.treasury.gov/recent-actions/20240117 The Department of the Treasury's Office of Foreign Assets Control (OFAC) is issuing a new Counter Terrorism-related Frequently Asked Question (1158). 17 Jan 2024 17:00:00 EDT https://ofac.treasury.gov/recent-actions/20240117_33 The Department of the Treasury's Office of Foreign Assets Control (OFAC) is issuing Russia-related General License 13H, "Authorizing Certain Administrative Transactions Prohibited by Directive 4 under Executive Order 14024," and Russia-related General License 86, "Authorizing Limited Safety and Environmental Transactions Involving Certain Persons or Vessels Blocked on January 18, 2024." OFAC is also amending Frequently Asked Question 1157. Additionally, OFAC has updated its Specially Designated Nationals and Blocked Persons List: 18 Jan 2024 10:30:00 EDT https://ofac.treasury.gov/recent-actions/20240118 Today, OFAC is releasing the first video in its “OFAC Basics” video series. The OFAC Basics: Sanctions List Search video provides viewers with a brief tutorial on how to use OFAC’s Sanctions List Search Tool and recommended steps for assessing a potential match to one of OFAC’s published sanctions lists. The “OFAC Basics” series serves as a companion series to the “Introduction to OFAC” series, available here. For more information on this video series, please see this blog post from OFAC Director Bradley Smith and former Director Andrea Gacki. 19 Jan 2024 10:30:00 EDT https://ofac.treasury.gov/recent-actions/20240119 The Department of the Treasury's Office of Foreign Assets Control (OFAC) is issuing Counter Terrorism General License 27, "Authorizing Civil Aviation Safety and Wind Down Transactions Involving Fly Baghdad." OFAC is also issuing one new Counter Terrorism Frequently Asked Question (1159). Additionally, OFAC has updated its Specially Designated Nationals and Blocked Persons List: 22 Jan 2024 09:30:00 EDT https://ofac.treasury.gov/recent-actions/20240122 OFAC has updated its SDN List. Please visit the URL below to view this action 23 Jan 2024 10:30:00 EDT https://ofac.treasury.gov/recent-actions/20240123 OFAC has updated its SDN List. Please visit the URL below to view this action 25 Jan 2024 09:00:00 EDT https://ofac.treasury.gov/recent-actions/20240125 OFAC has updated its SDN List. Please visit the URL below to view this action 29 Jan 2024 11:00:00 EDT https://ofac.treasury.gov/recent-actions/20240129 The Department of the Treasury's Office of Foreign Assets Control (OFAC) is issuing Venezuela-related General License 43A, "Authorizing the Wind Down of Transactions Involving CVG Compania General de Mineria de Venezuela CA." 29 Jan 2024 17:45:00 EDT https://ofac.treasury.gov/recent-actions/20240129_33 OFAC has updated its SDN List. Please visit the URL below to view this action 30 Jan 2024 10:30:00 EDT https://ofac.treasury.gov/recent-actions/20240130 The Department of the Treasury's Office of Foreign Assets Control (OFAC) is issuing Burma General License 6, "Authorizing the Wind Down of Transactions Involving Shwe Byain Phyu Group of Companies." Additionally, OFAC has updated its Specially Designated Nationals and Blocked Persons List: 31 Jan 2024 10:30:00 EDT https://ofac.treasury.gov/recent-actions/20240131 Today, the President signed a new Executive Order (E.O.), "Imposing Certain Sanctions on Persons Undermining Peace, Security, and Stability in the West Bank." In addition, FinCEN has published a new advisory. OFAC has updated its Specially Designated Nationals and Blocked Persons List: 01 Feb 2024 12:00:00 EDT https://ofac.treasury.gov/recent-actions/20240201 The Department of the Treasury's Office of Foreign Assets Control (OFAC) is publishing the Price Cap Coalition Compliance and Enforcement Alert. 01 Feb 2024 14:30:00 EDT https://ofac.treasury.gov/recent-actions/20240201_33 OFAC has updated its SDN List. Please visit the URL below to view this action 02 Feb 2024 10:30:00 EDT https://ofac.treasury.gov/recent-actions/20240202 The Department of the Treasury's Office of Foreign Assets Control (OFAC) is amending FAQ 629 and is publishing an updated document, "Frequently Asked Questions Related to the Suspension of Certain U.S. Sanctions with Respect to Venezuela on October 18, 2023." 02 Feb 2024 13:00:00 EDT https://ofac.treasury.gov/recent-actions/20240202_33 OFAC has updated its SDN List. Please visit the URL below to view this action 07 Feb 2024 15:30:00 EDT https://ofac.treasury.gov/recent-actions/20240207 The Department of the Treasury's Office of Foreign Assets Control (OFAC) is publishing a Determination for Prohibitions Related to Imports of Diamond Jewelry and Unsorted Diamonds of Russian Federation Origin and Diamond Jewelry and Unsorted Diamonds Exported From the Russian Federation, and a Determination for Prohibitions Related to Imports of Certain Categories of Diamonds. OFAC is also issuing Russia-related General License 87, "Authorizing Limited Safety and Environmental Transactions Involving Certain Persons or Vessels Blocked on February 8, 2024." In addition, the following changes have been made to OFAC's list of Specially Designated Nationals: 08 Feb 2024 14:00:00 EDT https://ofac.treasury.gov/recent-actions/20240208 OFAC has updated its SDN List. Please visit the URL below to view this action 14 Feb 2024 13:00:00 EDT https://ofac.treasury.gov/recent-actions/20240214 The Department of the Treasury's Office of Foreign Assets Control (OFAC) is amending the North Korea Sanctions Regulations to amend or add general licenses to facilitate certain humanitarian-related and journalistic activities. Specifically, OFAC is amending an existing general license for nongovernmental organizations and adding general licenses to authorize certain transactions related to the exportation and re-exportation of items authorized by the U.S. Department of Commerce; the provision of certain agricultural commodities, medicine, and medical devices; and certain journalistic activities in North Korea. This regulatory amendment is currently available for public inspection with the Federal Register and will take effect upon publication in the Federal Register on February 16, 2024. OFAC has also issued several new North Korea-related Frequently Asked Questions (1160, 1161, 1162, 1163) and amended FAQs 459, 463, 558. 15 Feb 2024 11:30:00 EDT https://ofac.treasury.gov/recent-actions/20240215 The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) is issuing an OFAC Compliance Communiqué: Guidance for the Provision of Humanitarian-Related Assistance and Critical Commodities to the Yemeni People in response to questions from the NGO community and the general public on how to ensure humanitarian assistance and trade continue to flow to the Yemeni people while complying with OFAC sanctions. OFAC is also issuing Counter Terrorism General License 28, "Authorizing Transactions for Third-Country Diplomatic and Consular Missions Involving Ansarallah." Additionally, OFAC has updated its Specially Designated Nationals and Blocked Persons List: 16 Feb 2024 10:30:00 EDT https://ofac.treasury.gov/recent-actions/20240216 OFAC has updated its SDN List. Please visit the URL below to view this action 20 Feb 2024 10:30:00 EDT https://ofac.treasury.gov/recent-actions/20240220 The Department of the Treasury's Office of Foreign Assets Control (OFAC) is issuing Russia-related General License 83A, "Authorizing Certain Transactions Related to Imports of Certain Categories of Fish, Seafood, and Preparations Thereof Prohibited by Executive Order 14068." 20 Feb 2024 15:00:00 EDT https://ofac.treasury.gov/recent-actions/20240220_33 The Department of the Treasury's Office of Foreign Assets Control (OFAC) is issuing Russia-related General License 88, "Authorizing the Wind Down of Transactions Involving Certain Entities Blocked on February 23, 2024;" Russia-related General License 89, "Authorizing the Wind Down and Rejection of Transactions Involving Certain Financial Institutions Blocked on February 23, 2024;" Russia-related General License 90, "Authorizing Certain Transactions Related to Debt or Equity of, or Derivative Contracts Involving, Certain Entities Blocked on February 23, 2024;" and Russia-related General License 91, "Authorizing Limited Safety and Environmental Transactions Involving Certain Blocked Persons or Vessels." OFAC is also issuing three new, Russia-related Frequently Asked Questions (FAQs 1164-1166) and amending eight Russia-related Frequently Asked Questions (FAQs 886, 887, 1019, 1022, 1025, 1027, 1092, and 1154). Additionally, OFAC has updated the following Lists: 23 Feb 2024 09:00:00 EDT https://ofac.treasury.gov/recent-actions/20240223 The Department of the Treasury's Office of Foreign Assets Control (OFAC) is issuing Russia-related General License 88A, "Authorizing the Wind Down of Transactions Involving Certain Entities Blocked on February 23, 2024;" Russia-related General License 91A, "Authorizing Limited Safety and Environmental Transactions Involving Certain Blocked Persons or Vessels;" Russia-related General License 92, "Authorizing the Offloading of Cargo from Sovcomflot Vessels;" and Russia-related General License 93, "Authorizing Transactions Involving Certain Sovcomflot Vessels." Additionally, OFAC has updated the following Lists: 23 Feb 2024 16:00:00 EDT https://ofac.treasury.gov/recent-actions/20240223_33 OFAC has updated its SDN List. Please visit the URL below to view this action 27 Feb 2024 10:30:00 EDT https://ofac.treasury.gov/recent-actions/20240227 OFAC has updated its SDN List. Please visit the URL below to view this action 28 Feb 2024 10:30:00 EDT https://ofac.treasury.gov/recent-actions/20240228 The Department of the Treasury's Office of Foreign Assets Control (OFAC) is issuing Venezuela General License 45B, "Authorizing Certain Repatriation Transactions Involving Consorcio Venezolano de Industrias Aeronauticas y Servicios Aereos, S.A." 29 Feb 2024 14:30:00 EDT https://ofac.treasury.gov/recent-actions/20240229 The Department of the Treasury's Office of Foreign Assets Control (OFAC) is amending the Darfur Sanctions Regulations. The newly updated “Sudan Stabilization Sanctions Regulations,” still found at 31 CFR part 546, implement Executive Order 14098 of May 4, 2023, as well as additional administrative updates. In addition, OFAC is publishing a final rule to update terms across several sanctions programs’ regulations, to reflect current office names and email addresses, as well as to update grammatical terminology. These regulatory amendments are currently available for public inspection with the Federal Register and will take effect upon publication in the Federal Register on March 5, 2024. In addition, OFAC is publishing Frequently Asked Question (FAQ) 1167, is updating FAQs 1137 and 1141, and has deleted FAQs 1142, 1143, and 1144, to accompany the recently amended Venezuela General License 45B. 01 Mar 2024 10:30:00 EDT https://ofac.treasury.gov/recent-actions/20240301 The President has signed an Executive Order, "Termination of Emergency With Respect to the Situation in Zimbabwe." OFAC is also issuing amended Russia-related Frequently Asked Question 1166. Additionally, OFAC has updated its Specially Designated Nationals and Blocked Persons List: 04 Mar 2024 10:30:00 EDT https://ofac.treasury.gov/recent-actions/20240304 OFAC has updated its SDN List. Please visit the URL below to view this action 05 Mar 2024 10:30:00 EDT https://ofac.treasury.gov/recent-actions/20240305 OFAC has updated its SDN List. Please visit the URL below to view this action 06 Mar 2024 10:30:00 EDT https://ofac.treasury.gov/recent-actions/20240306 Today, the U.S. Department of Justice, the U.S. Department of Commerce, and the U.S. Department of the Treasury’s Office of Foreign Assets Control, have issued a Tri-Seal Compliance Note: Obligations of foreign-based persons to comply with U.S. sanctions and export control laws. 06 Mar 2024 17:00:00 EDT https://ofac.treasury.gov/recent-actions/20240306_33 OFAC has updated its SDN List. Please visit the URL below to view this action. OFAC FTP Retirement Reminder: Reminder - OFAC will retire its public-facing file transfer protocol (FTP) server (ofacftp.treas.gov) on or about June 10, 2024. In order to comply with updated Treasury security policies, OFAC will retire this FTP capability associated with the file transfer protocol. OFAC is aware that many users utilize ofacftp.treas.gov to automate their sanctions list data downloads. OFAC will maintain this server for three months to allow users sufficient time to develop automation that utilizes the list content hosted on the agency's website at the following URLs listed below. Members of the public may contact OFAC at O_F_A_C@treasury.gov for technical support related to this decision. Users can access all of OFAC's list and other sanctions-related content at the following URLs: Human-readable SDN List Files: Specially Designated Nationals And Blocked Persons List (SDN) Human Readable Lists Office of Foreign Assets Control (treasury.gov) SDN List Data Files: Specially Designated Nationals List - Data Formats and Data Schemas Office of Foreign Assets Control (treasury.gov) All non-SDN List Data Files (Consolidated List): Consolidated Sanctions List (Non-SDN Lists) Office of Foreign Assets Control (treasury.gov) All non-SDN human-readable list files: Other OFAC Sanctions Lists Office of Foreign Assets Control (treasury.gov) 08 Mar 2024 14:00:00 EDT https://ofac.treasury.gov/recent-actions/20240308 The Department of the Treasury's Office of Foreign Assets Control (OFAC) is amending the Global Magnitsky Sanctions Regulations and reissuing them in their entirety. This regulatory amendment is currently available for public inspection with the Federal Register and will take effect upon publication in the Federal Register on March 12, 2024. OFAC is also issuing Counter Terrorism General License 29, "Authorizing the Wind Down of Transactions Involving Haleel Commodities LLC." Additionally, OFAC has updated its Specially Designated Nationals and Blocked Persons List: 11 Mar 2024 10:30:00 EDT https://ofac.treasury.gov/recent-actions/20240311 OFAC has updated its SDN List. Please visit the URL below to view this action 12 Mar 2024 10:30:00 EDT https://ofac.treasury.gov/recent-actions/20240312 OFAC has updated its SDN List. Please visit the URL below to view this action 13 Mar 2024 12:00:00 EDT https://ofac.treasury.gov/recent-actions/20240313 OFAC has updated its SDN List. Please visit the URL below to view this action 14 Mar 2024 10:30:00 EDT https://ofac.treasury.gov/recent-actions/20240314 The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) today announced a settlement with EFG International AG, a Switzerland-based global private banking group. EFG has agreed to pay $3,740,442 to settle its potential civil liability for processing 873 securities transactions in apparent violation of the Cuban Asset Control Regulations, the Kingpin Act, and Executive Order 14024. The settlement amount reflects OFAC’s determination that EFG’s apparent violations were voluntarily self-disclosed and were non-egregious. For more information, please visit the following web notice. 14 Mar 2024 14:30:00 EDT https://ofac.treasury.gov/recent-actions/20240314_33 OFAC has updated its SDN List. Please visit the URL below to view this action 15 Mar 2024 14:00:00 EDT https://ofac.treasury.gov/recent-actions/20240315 OFAC has updated its SDN List. Please visit the URL below to view this action 20 Mar 2024 10:30:00 EDT https://ofac.treasury.gov/recent-actions/20240320 OFAC has updated its SDN List. Please visit the URL below to view this action 21 Mar 2024 16:30:00 EDT https://ofac.treasury.gov/recent-actions/20240321 OFAC has updated its SDN List. Please visit the URL below to view this action 22 Mar 2024 12:00:00 EDT https://ofac.treasury.gov/recent-actions/20240322 OFAC has updated its SDN List. Please visit the URL below to view this action 25 Mar 2024 11:30:00 EDT https://ofac.treasury.gov/recent-actions/20240325 OFAC has updated its SDN List. Please visit the URL below to view this action 26 Mar 2024 10:30:00 EDT https://ofac.treasury.gov/recent-actions/20240326 OFAC has updated its SDN List. Please visit the URL below to view this action 27 Mar 2024 11:30:00 EDT https://ofac.treasury.gov/recent-actions/20240327 OFAC has updated its SDN List. Please visit the URL below to view this action 27 Mar 2024 15:00:00 EDT https://ofac.treasury.gov/recent-actions/20240327_33 OFAC has updated its SDN List. Please visit the URL below to view this action 02 Apr 2024 15:00:00 EDT https://ofac.treasury.gov/recent-actions/20240402 OFAC has updated its SDN List. Please visit the URL below to view this action 04 Apr 2024 10:30:00 EDT https://ofac.treasury.gov/recent-actions/20240404 OFAC has updated its SDN List. Please visit the URL below to view this action 12 Apr 2024 10:30:00 EDT https://ofac.treasury.gov/recent-actions/20240412 The Department of the Treasury's Office of Foreign Assets Control (OFAC) is publishing a Determination for Prohibitions Related to Imports of Aluminum, Copper, and Nickel of Russian Federation Origin, and a Determination for Prohibitions on Certain Services for the Acquisition of Aluminum, Copper, or Nickel of Russian Federation Origin. OFAC is also issuing Russia-related General License 13I, "Authorizing Certain Administrative Transactions Prohibited by Directive 4 under Executive Order 14024". OFAC is also issuing five new, Russia-related Frequently Asked Questions (FAQs 1168 - 1172) and amending two Russia-related Frequently Asked Questions (FAQs 1019 and 1128). 12 Apr 2024 17:00:00 EDT https://ofac.treasury.gov/recent-actions/20240412_33 The Department of the Treasury's Office of Foreign Assets Control (OFAC) is issuing Venezuela-related General License 5O "Authorizing Certain Transactions Related to the Petróleos de Venezuela, S.A. 2020 8.5 Percent Bond on or After August 13, 2024." Additionally, OFAC has updated its Specially Designated Nationals and Blocked Persons List: 15 Apr 2024 14:00:00 EDT https://ofac.treasury.gov/recent-actions/20240415 The Office of Foreign Assets Control (OFAC) is issuing a final rule to remove the Zimbabwe Sanctions Regulations, 31 CFR part 541, from the Code of Federal Regulations. OFAC is taking this action because the national emergency on which part 541 was based was terminated by the President on March 4, 2024. The rule is currently available for public inspection with the Federal Register and will take effect upon publication in the Federal Register on April 17, 2024. 16 Apr 2024 10:30:00 EDT https://ofac.treasury.gov/recent-actions/20240416 The Department of the Treasury's Office of Foreign Assets Control (OFAC) is issuing Venezuela-related General License 44A, "Authorizing the Wind Down of Transactions Related to Oil or Gas Sector Operations in Venezuela." Additionally, OFAC is publishing an updated, related document "Frequently Asked Questions Related to the Suspension of Certain U.S. Sanctions with Respect to Venezuela on October 18, 2023." 17 Apr 2024 15:30:00 EDT https://ofac.treasury.gov/recent-actions/20240417 OFAC has updated its SDN List. Please visit the URL below to view this action 18 Apr 2024 12:00:00 EDT https://ofac.treasury.gov/recent-actions/20240418 The Department of the Treasury's Office of Foreign Assets Control (OFAC) is issuing Russia-related General License 94, "Authorizing Transactions Involving OWH SE i.L. (Formerly Known as VTB Bank Europe SE)." Additionally, OFAC has updated its Specially Designated Nationals and Blocked Persons List 19 Apr 2024 09:30:00 EDT https://ofac.treasury.gov/recent-actions/20240419 The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) today announced a settlement with SCG Plastics Co., Ltd. ("SCG Plastics"), part of a multinational enterprise headquartered in Bangkok, Thailand. SCG Plastics has agreed to pay $20,000,000 to settle its potential civil liability for 467 apparent violations of OFAC sanctions on Iran. From 2017 to 2018, SCG Plastics caused U.S. financial institutions to process $291 million in wire transfers for sales of Iranian origin polyethylene resin manufactured by a joint venture in Iran. The $20,000,000 settlement amount reflects OFAC's determination that SCG Plastics' apparent violations were egregious and, with the exception of certain transactions, were not voluntarily self-disclosed. For more information, please visit the following web notice and settlement agreement. 19 Apr 2024 14:00:00 EDT https://ofac.treasury.gov/recent-actions/20240419_33 OFAC has updated its SDN List. Please visit the URL below to view this action 23 Apr 2024 13:30:00 EDT https://ofac.treasury.gov/recent-actions/20240423 OFAC has updated its SDN List. Please visit the URL below to view this action 25 Apr 2024 10:30:00 EDT https://ofac.treasury.gov/recent-actions/20240425 OFAC has updated its SDN List. Please visit the URL below to view this action 26 Apr 2024 10:30:00 EDT https://ofac.treasury.gov/recent-actions/20240426 The Department of the Treasury's Office of Foreign Assets Control (OFAC) is issuing Russia-related General License 8I "Authorizing Transactions Related to Energy." 29 Apr 2024 14:00:00 EDT https://ofac.treasury.gov/recent-actions/20240429 The Department of the Treasury's Office of Foreign Assets Control (OFAC) is issuing Russia-related General License 95, "Authorizing Civil Aviation Safety and Wind Down Transactions Involving Limited Liability Company Aviakompaniya Pobeda," Russia-related General License 96, "Authorizing Limited Safety and Environmental Transactions Involving Certain Blocked Persons or Vessels," and Russia-related General License 97, "Authorizing the Wind Down of Transactions Involving Certain Entities Blocked on May 1, 2024." Additionally, OFAC has updated its Specially Designated Nationals and Blocked Persons List: 01 May 2024 13:30:00 EDT https://ofac.treasury.gov/recent-actions/20240501 OFAC has updated its SDN List. Please visit the URL below to view this action 02 May 2024 10:30:00 EDT https://ofac.treasury.gov/recent-actions/20240502 OFAC has updated its SDN List. Please visit the URL below to view this action 03 May 2024 10:30:00 EDT https://ofac.treasury.gov/recent-actions/20240503 OFAC has updated its SSI List. Please visit the URL below to view this action 06 May 2024 10:30:00 EDT https://ofac.treasury.gov/recent-actions/20240506 OFAC has deployed its new Sanctions List Service (SLS). SLS is now the primary application OFAC will use to deliver sanctions list files and data to the public. SLS includes support for all OFAC legacy and modern sanctions list data files. While certain sanctions list data are now hosted within the SLS cloud, existing links to OFAC list files remain functional through URL redirects. The Sanctions List Service application incorporates the traditional OFAC Sanctions List Search tool which will continue to be available at https://sanctionssearch.ofac.treas.gov/. OFAC will have more information to share in the coming days. Users in need of technical support should contact OFAC at O_F_A_C@treasury.gov. 06 May 2024 14:00:00 EDT https://ofac.treasury.gov/recent-actions/20240506_33 OFAC has updated its SDN List. Please visit the URL below to view this action 07 May 2024 10:00:00 EDT https://ofac.treasury.gov/recent-actions/20240507 The Department of the Treasury’s Office of Foreign Assets Control (OFAC) is amending the Reporting, Procedures and Penalties Regulations (RPPR). The RPPR sets forth standard reporting and recordkeeping requirements and license application and other procedures relevant to the economic sanctions programs administered by OFAC. 08 May 2024 13:00:00 EDT https://ofac.treasury.gov/recent-actions/20240508 The Department of the Treasury's Office of Foreign Assets Control (OFAC) is issuing Venezuela General License 8N, "Authorizing Transactions Involving Petroleos de Venezuela, S.A. (PdVSA) Necessary for the Limited Maintenance of Essential Operations in Venezuela or the Wind Down of Operations in Venezuela for Certain Entities." 10 May 2024 10:30:00 EDT https://ofac.treasury.gov/recent-actions/20240510 OFAC has updated its SDN List. Please visit the URL below to view this action 14 May 2024 10:30:00 EDT https://ofac.treasury.gov/recent-actions/20240514 Today, the U.S. Departments of Treasury, State and Homeland Security, are jointly issuing a business advisory titled "Policy Alert on Disrupting Irregular Migration: Best Practices in Response to Recent Developments in the Aviation Sector." This advisory reflects the U.S. government’s efforts to promote responsible practices in the industry, prevent and disrupt illicit activity, and enhance compliance with lawful immigration and migration pathways. In addition, the following updates have been made to OFAC's list of Specially Designated Nationals: 15 May 2024 11:00:00 EDT https://ofac.treasury.gov/recent-actions/20240515 The Department of the Treasury’s Office of Foreign Assets Control (OFAC) is amending the Iranian Transactions and Sanctions Regulations (ITSR) to incorporate Iran-related General License D-2 and publishing an associated List of Services, Software, and Hardware Incident to Communications, which can be found under the General Licenses and Federal Register Notices sections of the Iran Sanctions page.In addition, OFAC is publishing a new Frequently Asked Question (FAQ) 1173 and amending 26 ITSR-related FAQs. Additionally, OFAC has updated its Specially Designated Nationals and Blocked Persons List. OFAC has also released an unrelated technical notice about "403 errors" for users of its sanctions list data files. 16 May 2024 10:30:00 EDT https://ofac.treasury.gov/recent-actions/20240516 OFAC has updated its SDN List. Please visit the URL below to view this action. 24 May 2024 10:30:00 EDT https://ofac.treasury.gov/recent-actions/20240524 The Department of the Treasury’s Office of Foreign Assets Control (OFAC) is amending the Cuban Assets Control Regulations, 31 C.F.R. Part 515 (CACR) to further implement portions of the President’s foreign policy toward Cuba. Among other things, these amendments increase support for internet freedom for the Cuban people and independent Cuban private sector entrepreneurs by expanding authorizations for internet-based services and a range of financial transactions. The rule will be published in the Federal Register on Wednesday, May 29, 2024. OFAC is also issuing six new, Cuba-related Frequently Asked Questions (FAQs 1174-1179) and amending eight Cuba-related Frequently Asked Questions (FAQs 732, 736, 745, 748, 757, 769, 770, and 785). 28 May 2024 10:30:00 EDT https://ofac.treasury.gov/recent-actions/20240528 OFAC has updated its SDN List. Please visit the URL below to view this action 28 May 2024 14:00:00 EDT https://ofac.treasury.gov/recent-actions/20240528_33 OFAC has updated its SDN List. Please visit the URL below to view this action 30 May 2024 10:30:00 EDT https://ofac.treasury.gov/recent-actions/20240530 OFAC has updated its SDN List. Please visit the URL below to view this action 31 May 2024 10:30:00 EDT https://ofac.treasury.gov/recent-actions/20240531 The Department of the Treasury’s Office of Foreign Assets Control (OFAC) is amending the Syrian Sanctions Regulations, 31 C.F.R. Part 542 to, among other things, implement the relevant provisions of a May 1, 2012 Executive order regarding foreign sanctions evaders with respect to Syria and Iran, and certain provisions of the Iran Threat Reduction and Syria Human Rights Act of 2012, the Countering America’s Adversaries Through Sanctions Act, and the Caesar Syria Civilian Protection Act of 2019. In addition to new prohibitions, OFAC is adding several relevant definitions and interpretations and one new general license. OFAC is also incorporating, with amendments, one general license; updating six general licenses; and publishing a list of areas of northeast and northwest Syria in which activities are authorized under General License 22. The rule will be published in the Federal Register on Thursday, June 6, 2024. OFAC is also issuing a new Syria Frequently Asked Question (FAQ 1180) and amending a number of Syria Frequently Asked Questions (FAQs 205, 231, 232, 934, and 938). 05 Jun 2024 10:30:00 EDT https://ofac.treasury.gov/recent-actions/20240605 OFAC has updated its SDN List. Please visit the URL below to view this action 06 Jun 2024 10:30:00 EDT https://ofac.treasury.gov/recent-actions/20240606 OFAC has updated its SDN List. Please visit the URL below to view this action 07 Jun 2024 10:30:00 EDT https://ofac.treasury.gov/recent-actions/20240607 OFAC has updated its SDN List. Please visit the URL below to view this action 10 Jun 2024 10:30:00 EDT https://ofac.treasury.gov/recent-actions/20240610 OFAC has updated its SDN List. Please visit the URL below to view this action 11 Jun 2024 10:30:00 EDT https://ofac.treasury.gov/recent-actions/20240611 OFAC has updated its SDN List and published numerous general licenses and frequently asked questions. Please visit the URL below to view this action 12 Jun 2024 10:30:00 EDT https://ofac.treasury.gov/recent-actions/20240612 The Department of the Treasury's Office of Foreign Assets Control (OFAC) is issuing three amended Frequently Asked Questions (FAQs 828, 867, and 884). Additionally, the following changes have been made to OFAC's list of Specially Designated Nationals: 14 Jun 2024 10:30:00 EDT https://ofac.treasury.gov/recent-actions/20240614 OFAC has updated its SDN List. Please visit the URL below to view this action 17 Jun 2024 10:30:00 EDT https://ofac.treasury.gov/recent-actions/20240617 The Department of the Treasury's Office of Foreign Assets Control (OFAC) is publishing Balkans-Related General License 3A, "Authorizing Certain Transactions Related to Agricultural Commodities, Medicine, Medical Devices, Replacement Parts and Components, Software Updates, or Medical Prevention, Diagnosis, or Treatment, or Clinical Trials Involving Certain Blocked Entities," Balkans-Related General License 4, "Authorizing the Wind Down of Transactions Involving Certain Entities Blocked on June 18, 2024," and Balkans-Related General License 5, "Authorizing Certain Transactions Involving Pumps Manufactured or Distributed by Kaldera Company EL PGP d.o.o. for the Treatment or Distribution of Drinking Water." OFAC has updated its SDN List. Please visit the URL below to view this action 18 Jun 2024 10:30:00 EDT https://ofac.treasury.gov/recent-actions/20240618 OFAC has updated its SDN List. Please visit the URL below to view this action 20 Jun 2024 10:30:00 EDT https://ofac.treasury.gov/recent-actions/20240620 OFAC has updated its SDN List. Please visit the URL below to view this action 21 Jun 2024 10:30:00 EDT https://ofac.treasury.gov/recent-actions/20240621 OFAC has updated its SDN List. Please visit the URL below to view this action 25 Jun 2024 10:30:00 EDT https://ofac.treasury.gov/recent-actions/20240625 The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) today announced a $538,000 settlement with Mondo TV, S.p.a. ("Mondo"). Mondo, an Italy-based animation company, has agreed to settle its potential civil liability for 18 apparent violations of the North Korea Sanctions Regulations. Between May 2019 and November 2021, Mondo caused U.S. financial institutions to process approximately $537,939 in payments for animation work Mondo outsourced to a Government of North Korea-owned animation studio. This settlement amount reflects OFAC's determination that Mondo's conduct was non-egregious and not voluntarily disclosed. For more information, please visit the following web notice. Additionally, OFAC is issuing Russia-related General License 55B, "Authorizing Certain Services Related to Sakhalin-2." 26 Jun 2024 14:00:00 EDT https://ofac.treasury.gov/recent-actions/20240626 OFAC has updated its SDN List. Please visit the URL below to view this action 27 Jun 2024 14:30:00 EDT https://ofac.treasury.gov/recent-actions/20240627 OFAC has updated its SDN List. Please visit the URL below to view this action 01 Jul 2024 10:30:00 EDT https://ofac.treasury.gov/recent-actions/20240701 The following language, "Secondary sanctions risk: See Section 11 of Executive Order 14024," has been added to the below names on the Specially Designated Nationals (SDN) List and/or the Sectoral Sanctions Identifications (SSI) List. Please visit the URL below to view this action 03 Jul 2024 10:30:00 EDT https://ofac.treasury.gov/recent-actions/20240703 Today, the Department of the Treasury's Office of Foreign Assets Control (OFAC) issued its OFAC Guidance: Production Submission Standards, updating OFAC’s former data delivery standards. This guidance provides technical and general guidance to persons submitting material to OFAC and applies primarily to persons providing responses to administrative subpoenas, requests for information, disclosures, and especially for submissions that may entail voluminous documentation (e.g., more than 100 pages). Please visit the URL below to view this action 05 Jul 2024 12:30:00 EDT https://ofac.treasury.gov/recent-actions/20240705 OFAC has issued updated Venezuela General License 40C, Authorizing Certain Transactions Involving the Exportation or Reexportation of Liquefied Petroleum Gas to Venezuela. In addition, OFAC has updated its SDN List. Please visit the URL below to view this action 08 Jul 2024 10:30:00 EDT https://ofac.treasury.gov/recent-actions/20240708 The Department of the Treasury's Office of Foreign Assets Control (OFAC) is issuing Russia-related General License 13J, "Authorizing Certain Administrative Transactions Prohibited by Directive 4 under Executive Order 14024." 10 Jul 2024 10:30:00 EDT https://ofac.treasury.gov/recent-actions/20240710 OFAC has updated its SDN List. Please visit the URL below to view this action 11 Jul 2024 10:30:00 EDT https://ofac.treasury.gov/recent-actions/20240711 OFAC has updated its SDN List. Please visit the URL below to view this action 12 Jul 2024 10:30:00 EDT https://ofac.treasury.gov/recent-actions/20240712 Today, OFAC is releasing the second video in its "OFAC Basics" video series, "My Funds Are Blocked, Now What?" This video provides viewers with guidance on what it means when funds are blocked in connection with OFAC sanctions, as well as recommended steps for what to do if your funds have been blocked. The "OFAC Basics" series serves as a companion series to the "Introduction to OFAC" series, available here. For more information on this video series, please see this blog post. 12 Jul 2024 14:00:00 EDT https://ofac.treasury.gov/recent-actions/20240712_33 OFAC has updated its SDN List. Please visit the URL below to view this action 15 Jul 2024 16:30:00 EDT https://ofac.treasury.gov/recent-actions/20240715 OFAC has updated its SDN List. Please visit the URL below to view this action 16 Jul 2024 10:30:00 EDT https://ofac.treasury.gov/recent-actions/20240716 OFAC has updated its SDN List. Please visit the URL below to view this action 18 Jul 2024 10:30:00 EDT https://ofac.treasury.gov/recent-actions/20240718 The Department of the Treasury’s Office of Foreign Assets Control (OFAC) is taking additional steps to provide greater transparency and information to specific license applicants by providing more detailed updates regarding the status of their applications via the public Licensing Portal. Applicants will now receive one of ten following case statuses to better indicate where their application is in the processing timeline. Received Guidance Issued Returned Without Action Pending Management Review Pending Interagency Review Pending Treasury Coordination Pending with Applicant Approved Denied Closed Concurrently, OFAC is implementing updates to the Licensing Division hotline, including updating menus and transitioning to a callback-only system. These changes are aimed at helping the public access the information they need faster, reducing call wait times, and improving the overall customer experience. 18 Jul 2024 10:30:00 EDT https://ofac.treasury.gov/recent-actions/20240718_33 OFAC has updated its SDN List. Please visit the URL below to view this action 19 Jul 2024 10:30:00 EDT https://ofac.treasury.gov/recent-actions/20240719 The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) today released guidance addressing questions raised by recent legislation that extended the statute of limitations for violations of certain sanctions that the agency administers. As explained in the guidance, OFAC may now commence an enforcement action for civil violations of International Emergency Economic Powers Act- or Trading with Enemy Act-based sanctions prohibitions within 10 years of the latest date of the violation if such date was after April 24, 2019. For more information, please review the guidance. 22 Jul 2024 13:00:00 EDT https://ofac.treasury.gov/recent-actions/20240722 OFAC has updated its SDN List. Please visit the URL below to view this action 23 Jul 2024 12:00:00 EDT https://ofac.treasury.gov/recent-actions/20240723 The Department of the Treasury's Office of Foreign Assets Control (OFAC) has published a notice in the Federal Register regarding the new reporting requirement issued pursuant to the Rebuilding Economic Prosperity and Opportunity (REPO) for Ukrainians Act. Reports should be submitted using the REPO for Ukrainians Act reporting instructions which is available on OFAC’s website. OFAC has also published REPO Report Form TD-F 93.09. Please contact OFAC for any questions regarding this new reporting requirement. 23 Jul 2024 15:00:00 EDT https://ofac.treasury.gov/recent-actions/20240723_33 OFAC has updated its SDN List. Please visit the URL below to view this action 24 Jul 2024 11:30:00 EDT https://ofac.treasury.gov/recent-actions/20240724 OFAC has updated its SDN List. Please visit the URL below to view this action 25 Jul 2024 14:30:00 EDT https://ofac.treasury.gov/recent-actions/20240725 The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) today announced a $7,452,501 settlement with State Street Bank and Trust Company (State Street), a Massachusetts-based financial institution, on behalf of itself and its subsidiary, Charles River Systems, Inc. (Charles River). State Street agreed to settle its potential civil liability for 38 apparent violations of OFAC's Ukraine-/Russia-Related sanctions. The apparent violations involved invoices that were redated or reissued by Charles River between 2016 and 2020 for certain customers who were subject to Directive 1 of Executive Order 13662, as well as certain payments outside of the applicable debt tenor accepted by Charles River from these customers. The settlement amount reflects OFAC's determination that the apparent violations were not voluntarily self-disclosed and were egregious. For more information, please visit the following web notice and settlement agreement. 26 Jul 2024 14:00:00 EDT https://ofac.treasury.gov/recent-actions/20240726 OFAC has updated its SDN List. Please visit the URL below to view this action 30 Jul 2024 12:00:00 EDT https://ofac.treasury.gov/recent-actions/20240730 OFAC has updated its SDN List. Please visit the URL below to view this action 31 Jul 2024 10:30:00 EDT https://ofac.treasury.gov/recent-actions/20240731 The Department of the Treasury's Office of Foreign Assets Control (OFAC) is issuing Russia-related General License 99A - "Authorizing the Wind Down of Transactions and Certain Transactions Related to Debt or Equity of, or Derivative Contracts Involving, MOEX, NCC, or NSD;" and Russia-related General License 100A - "Authorizing Certain Transactions Related to Debt or Equity or the Conversion of Currencies Involving MOEX, NCC, or NSD." 02 Aug 2024 10:30:00 EDT https://ofac.treasury.gov/recent-actions/20240802 To improve efficiency in responding to requests for sanctions guidance from the public, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) is updating its Compliance Hotline by streamlining and enhancing the query submission process. Thanks to helpful feedback from Compliance Hotline users, OFAC is transitioning to a single, user-friendly online platform to receive questions from the public. Users can now submit queries—and provide all necessary details—directly through OFAC’s new OFAC Compliance Hotline page. This new platform is designed to improve OFAC’s tracking of queries and help OFAC assess when additional public guidance may be helpful. OFAC will fully transition its Compliance Hotline to this web form platform by January 1, 2025, and will retire other existing forms of contacting the OFAC Compliance Hotline according to the following schedule: OFAC will retire the Compliance Hotline email (OFAC_Feedback@treasury.gov) on August 16, 2024; and its Compliance Hotline telephone (1-800-540-6322 and 202-622-2490) on December 31, 2024. Please submit questions about how to comply with OFAC-administered sanctions programs or where to find helpful guidance on OFAC’s website via the new online OFAC Compliance Hotline. As a reminder, please continue to use OFAC’s License Application page for license applications and requests for formal interpretive guidance. Other information about contacting OFAC, including where to submit voluntary self-disclosures or appeal designations, can be found on our Contact OFAC page. 02 Aug 2024 14:30:00 EDT https://ofac.treasury.gov/recent-actions/20240802_33 OFAC has updated its SDN List. Please visit the URL below to view this action 06 Aug 2024 10:30:00 EDT https://ofac.treasury.gov/recent-actions/20240806 The Department of the Treasury's Office of Foreign Assets Control (OFAC) is issuing Russia-related General License 101, "Authorizing Civil Aviation Safety and Wind Down Transactions Involving Certain Entities Blocked on August 9, 2024." OFAC has updated its SDN List. Please visit the URL below to view this action 09 Aug 2024 10:30:00 EDT https://ofac.treasury.gov/recent-actions/20240809 The Department of the Treasury's Office of Foreign Assets Control (OFAC) is issuing Russia-related General License 102, "Authorizing Certain Transactions Involving VPower Finance Security (Hong Kong) Limited." OFAC has issued updated Venezuela General License 5P, "Authorizing Certain Transactions Related to the Petróleos de Venezuela, S.A. 2020 8.5 Percent Bond on or After November 12, 2024." OFAC is also issuing an amended Frequently Asked Question (FAQ 595). 12 Aug 2024 10:30:00 EDT https://ofac.treasury.gov/recent-actions/20240812 OFAC has updated its SDN List. Please visit the URL below to view this action 15 Aug 2024 10:30:00 EDT https://ofac.treasury.gov/recent-actions/20240815 The Department of the Treasury's Office of Foreign Assets Control (OFAC) is publishing a final rule to update terminology and references across several sanctions programs’ regulations, and is adding a general license to the Burma Sanctions Regulations to authorize the provision of agricultural commodities, medicine, medical devices, replacement parts and components for medical devices, or software updates for medical devices to individuals whose property and interests in property are blocked pursuant to the Burma Sanctions Regulations. These regulatory amendments are currently available for public inspection with the Federal Register and will take effect upon publication in the Federal Register on August 21, 2024. In addition, OFAC has added the following name to the Non-SDN Menu-Based Sanctions list (NS-MBS List): 20 Aug 2024 10:30:00 EDT https://ofac.treasury.gov/recent-actions/20240820 The United States Department of the Treasury’s Office of Foreign Assets Control (OFAC) announced several initiatives underway aimed at assisting the public with sanctions implementation. As part of these efforts, OFAC is amending several Frequently Asked Questions (FAQs) today to ensure published guidance remains current. OFAC will continue reviewing FAQs through an ongoing process that is focused on providing up-to-date and useful information to the public. 21 Aug 2024 14:00:00 EDT https://ofac.treasury.gov/recent-actions/20240821