OFAC News

OFAC designated social media news outlet Gaza Now and its founder Mustafa Ayash for crypto fundraising efforts aimed at supporting Hamas. The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) alongside the U.K.’s Office of Foreign Sanctions…

OFAC has sanctioned entities aiding IRGC-QF, Houthis, and Hezbollah, targeting financial networks, including Lebanese money exchanger Tawfiq Muhammad Sa’id al-Law. The Department of the Treasury’s Office of Foreign Assets Control (OFAC) has imposed sanctions against six entities, one individual, and…

Treasury Department has sanctioned Russian providers of digital financial assets, saying many of the designated entities offered services that helped evade sanctions. The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) has sanctioned 13 entities and two…

The U.S. Treasury sanctioned entities for illegally exporting technology to Iran, including one that developed Iran’s central bank digital currency platform. The Department of the Treasury’s Office of Foreign Assets Control (OFAC) said in a press release that on Feb.…

Ex-CIA contractor and NSA whistleblower Edward Snowden has urged to support the legal defense fund for the Tornado Cash developer. In an X post on Jan. 23, Edward Snowden called for support for the legal defense fund of Roman Storm,…

Illicit cryptocurrency addresses received $24.2 billion in 2023, showing a decrease from the estimated $39.6 billion in 2022, as per Chainalysis. In 2023, the value received by illicit crypto totaled $24.2 billion representing nearly a 39% decrease from the 2022…

American token sale platform CoinList has agreed to pay $1.2 million to settle charges from the U.S. Department of Justice’s enforcement branch. According to a statement published by the Treasury Department’s Office of Foreign Assets Control (OFAC) on Dec. 13,…

Tether stated the new policy will prevent sanctioned individuals and organizations present in OFAC’s SDN list.

OFAC targets Ekaterina Zhdanova for laundering over $100m via crypto, evading sanctions for Russian oligarchs and aiding ransomware affiliates.

The web3 protocol said its decision followed legal guidance from the U.S. Treasury while debunking unverified reports of restrictions on non-sanctioned countries.

The DOJ unveiled eight indictments against Chinese firms for fentanyl distribution. They may have used crypto to hide their identities

The Lazarus Group, known for its cybercriminal activities, has shifted its focus to Garantex, an OFAC-sanctioned exchange, to trade stolen assets for bitcoin (BTC). 

Cryptocurrency exchange Poloniex has agreed to pay a $7.59 million settlement to the U.S. Treasury Department's Office of Foreign Asset Control.

On April 14, the US OFAC sanctioned five individuals and two companies based in China for supplying cartels in Mexico with ingredients used to manufacture opioids

The Office of Foreign Assets Control (OFAC) of the U.S. Treasury Department announced in a statement on Monday that it has achieved an agreement with the crypto exchange Kraken regarding serving Iranian customers.

A new report shows that 63 percent of all Ethereum transaction blocks comply with OFAC rules.