Office of Foreign Assets Control (OFAC) Archives

24-05-23 / by John Basquill

Nearly 900 maritime companies that have some association with Russia were formed last year, with...

03-05-23 / by John Basquill

Campaigners have criticised a sanctions “loophole” that allows western countries to import fuel refined in...

18-04-23 / by John Basquill

US sanctions regulators believe companies may be unknowingly trading Russian oil above the price cap,...

31-03-23 / by Jacob Atkins

Wells Fargo will pay almost US$100mn to settle allegations by US regulators that the bank...

Law firm Crowell & Moring has hired former chief counsel to the US Treasury’s Office...

04-11-22 / by John Basquill

The US government has taken action against a network of fuel traders and shipping companies...

03-08-22 / by John Basquill

US authorities have taken action against companies in the United Arab Emirates (UAE), Singapore, Hong...

US authorities have issued an alert urging trade finance providers to deploy “increased vigilance” when...

27-04-22 / by John Basquill

US authorities have taken enforcement action against Australia-headquartered freight forwarding company Toll, following accusations it...

23-02-22 / by GTR

Governments in the US and Europe are seeking to disrupt Russian exports in response to...

Office of Foreign Assets Control (OFAC)