Jury Convicts Ex-Lawmaker of Secretly Working for Venezuela
A federal jury on Friday convicted former Republican U.S. Rep. David Rivera of Florida and political consultant Esther Nuhfer of secretly working as foreign agents for Venezuela’s government in 2017 and 2018, capping a five-week trial that featured testimony from Secretary of State Marco Rubio.
OFAC Targets Iran ‘Rahbar’ Networks, Warns on China Refinery Risks
OFAC designated 35 entities and individuals it said help run Iran’s shadow-banking system, focusing on private companies known as “rahbars” that move money for sanctioned Iranian banks through foreign shell companies and front-company accounts.
Sanctions and War are Fueling China’s Efforts to Bypass SWIFT
China’s two-decade effort to build an international financial system anchored by its currency, the renminbi, is gaining traction as wars and Western sanctions push U.S. adversaries to seek alternatives to the dollar.
Latest OFAC Actions Target ’Shadow Fleet’ and ’Teapot’ Refinery
The U.S. Treasury Department on Friday sanctioned a major Chinese independent oil refinery and roughly 40 shipping firms and vessels tied to what it called Iran’s “shadow fleet,” in the latest action under a campaign Treasury has dubbed “Economic Fury.”
Explainer: What’s in the EU’s 20th Russia Sanctions Package?
The European Union on Thursday formally adopted its much delayed 20th package of restrictive measures against Russia and the bloc’s biggest package of designations in two years. Here’s what’s in it.
U.S. Extends Lapsed Sanctions Waiver on Russian Oil Sales
The Trump administration has extended for about a month a sanctions exemption covering some Russian oil already at sea, reversing course just two days after Treasury Secretary Scott Bessent said the United States would not renew the waiver.
EU to Impose Sanctions on Entities Blocking the Strait of Hormuz
The European Union will widen the criteria for its Iran sanctions regime to include people and entities responsible for obstructing freedom of navigation in the Strait of Hormuz.
NCA Charges British Shipping Financier over Alleged Sanctions Violations
Britain’s National Crime Agency (NCA) has charged shipping financier John Michael Ormerod with alleged money laundering and breaches of Russia sanctions.
Trump Administration Levies ‘Economic Fury’ Sanctions on Iran
The U.S. Treasury imposed a fresh round of Iran-related sanctions on Wednesday, targeting what it described as the illicit oil-shipping empire of Iranian magnate Mohammad Hossein Shamkhani and a Hezbollah-linked oil-for-gold laundering network tied to Venezuela.
U.S. Eases Venezuela Bank Sanctions, Will Let Iran Oil Waiver Expire
The Trump administration eased sanctions on Venezuela’s state-run financial system on Tuesday in a move aimed at supporting the country’s battered economy, reviving oil-sector activity, and stabilizing the government of acting President Delcy Rodriguez.