OFAC Warns on Sham Transfers in Sanctions-Evasion Schemes
The U.S. Treasury Department’s Office of Foreign Assets Control on Tuesday issued new guidance warning that sham transactions used by sanctioned individuals and entities to disguise continuing control over assets do not extinguish a blocked interest in property under U.S. sanctions rules.
From Cuba to South Korea, Russian Oil Exports Start Arriving
Cuba was preparing on Monday to receive a sanctioned Russian tanker carrying about 730,000 barrels of oil, offering a temporary lifeline to the island as it struggles through a fuel crisis worsened by a U.S. oil blockade.
London Has Become an Important Destination for Iranian Funds
Iranian-linked wealth has continued to find its way into London property despite years of Western sanctions, with luxury homes, apartments, and a boutique hotel tied to figures accused by British and U.S. authorities of supporting Tehran’s sanctions-evasion networks.
How a Binance Vendor Opened a Backdoor for Iran’s Sanctions Evasion
Binance failed for months to cut ties with a payment-processing vendor despite a series of red flags that pointed to possible sanctions evasion and money laundering involving transfers later linked to Iran.
Even with U.S. Waiver, Iran’s Oil Heads for China
China remains the destination for about 90 percent of Iranian crude exports despite a recent U.S. sanctions waiver intended to release previously restricted oil onto global markets.
India Begins Buying Iranian LPG Again
India has purchased its first cargo of Iranian liquefied petroleum gas in years after the United States temporarily lifted sanctions on Tehran’s oil and refined fuel exports.
Trial Begins for Ex-U.S. Lawmaker Accused of Lobbying for Venezuela
The trial of former U.S. Congressman David Rivera started Monday in Miami as the Florida Republican faces charges that he illegally lobbied American officials on behalf of Venezuelan interests without registering as a foreign agent.
U.S. Mulls Lifting Some Iran Sanctions to Mitigate Oil-Price Surge
The United States may remove sanctions in the coming days on about 140 million barrels of Iranian oil stranded aboard tankers at sea, according to The Guardian, which cited recent comments by U.S. Treasury Secretary Scott Bessent.
U.S. Blacklists Network Accused of Diverting Over $100 Million to Hezbollah
The U.S. Treasury Department said on Friday it had imposed sanctions on an international network of 16 people and companies that allegedly diverted more than $100 million to Hezbollah since 2020.
U.S. Lifts Sanctions on Belarusian Fertilizer Companies and Bank
The United States has lifted sanctions on three Belarusian fertilizer companies and the country’s state investment bank in exchange for Belarus freeing 250 political prisoners, a move made as the war in Iran continues to drive fertilizer prices higher.