FL Brokerage to Pay $1.1mn for Failing to ID Human Error in Sanctions Controls
TradeStation Securities agreed to pay $1.11 million to settle potential civil liability for 481 apparent violations of U.S. sanctions rules after the Florida-based brokerage provided services to people in Iran, Syria, and Crimea.
For Iran, Oil Sales Continue Despite Sanctions and War
Illicit Iranian oil shipments continue to move through Asian waters toward China, generating a critical revenue stream for Tehran and helping Beijing build large crude stockpiles despite sanctions and heightened regional conflict.
OFAC Expands Sanctions Waiver on Russia Oil Sales
The U.S. Treasury Department has issued a second temporary authorization allowing buyers to take delivery of Russian oil cargoes already at sea, broadening a waiver granted last week to India alone as Washington seeks to ease pressure on crude prices during the ongoing conflict in Iran.
OFAC Targets Hamas-Linked Charities, DPRK-Linked IT Worker Schemes
The U.S. Treasury Department on Thursday announced two new sanctions actions targeting financing and revenue-generation networks tied to Hamas and the Democratic People’s Republic of Korea.
Senate Democrats Call for Hearing on OFAC’s Russian Oil Sanctions Waiver
Senate Democrats are pressing for a congressional hearing on the Trump administration’s decision to ease sanctions on Russian oil, arguing that the step could benefit Moscow even as the Kremlin is providing support for Iranian forces.
U.S. Treasury Eases Restrictions on Russian Oil Sales as Crude Costs Rise
The United States is temporarily easing sanctions on Russian oil sales to India with a 30-day waiver aimed at preventing supply shortages and cushioning a sharp rise in crude prices after U.S. and Israeli attacks on Iran.
U.S. Slaps Sanctions on Rwanda Months After Ballyhooing Peace Accords
The U.S. Treasury Department on Monday imposed sanctions on Rwanda’s military and four senior officials, accusing them of backing the March 23 Movement (M23) armed group in eastern Democratic Republic of the Congo (DRC).
Re-Export Scheme Keeps Russian Aircraft Flying Despite Sanctions
Russia continues to receive large volumes of Western-made aviation parts through third-country intermediaries despite EU and U.S. sanctions.
When the ‘Person with Significant Control’ Isn’t Really a Person
Two cryptocurrency exchanges registered in the United Kingdom and marketed as processing more than $1 billion a day were fronted by a purported executive who “doesn’t seem to exist” and was instead portrayed using stock footage, OCCRP reported.
Family of U.N. Official Sue U.S. in Fight Against Controversial SDN Sanctions
The family of Francesca Albanese, the U.N. special rapporteur for Palestine, sued President Trump and senior U.S. officials on Wednesday, challenging sanctions imposed on her over her advocacy for the prosecution of Israeli leaders and international companies connected to the war in Gaza.