Recent news from Treasury’s Office of Foreign Assets Control: August 24

OFAC took sanctions action over the recently in Burma, North Korea and Congo programs:

Burma-associated Sanctions

  • OFAC Targets Burmese Regime Jet Fuel Suppliers: OFAC, in action to the Burmese military program’s violent airstrikes versus individuals of Burma, provided a decision that enables sanctions to be troubled any foreign person or entity that runs in the jet fuel sector of the Burmese economy. Concurrently, OFAC designated 2 people and one entity that are associated with the procurement and circulation of jet fuel to Burma’s military program, and 2 entities for being owned or managed by the designated individuals. OFAC designated Khin Phyu Win, who is connected with numerous jet fuel associated business within the Asia Sun Group, which imported jet fuel on behalf of Burma’s military program. OFAC likewise designated her business Shoon Energy PTE. LTD., PEIA PTE. LTD., and P.E.I Energy PTE. LTD. A 2nd person, Zaw Min Tun, the director and owner of 11 Asia Sun Group business was likewise designated by OFAC. Read more.
  • Related to this action, OFAC provided Frequently Asked Questions 1132 and 1133. FREQUENTLY ASKED QUESTION 1132 responses if all individuals that run or have actually run in the jet fuel sector of the Burmese economy are approved by OFAC. FREQUENTLY ASKED QUESTION 1133 clarifies the term “jet fuel sector of the Burmese economy.”

North Korea-associated Sanctions

  • OFAC Sanctions Tornado Cash Founder: OFAC on Aug. 23 approved Roman Semenov, among 3 co-founders of the approved virtual currency mixer Tornado Cash, for his function in offering product assistance to Tornado Cash and to the Lazarus Group, North Korea’s state-sponsored hacking group. Tornado Cash has actually been utilized to wash funds for criminal stars considering that its production in 2019, consisting of to obfuscate numerous countless dollars in virtual currency taken by Lazarus Group hackers. OFAC’s action was collaborated with the U.S. Department of Justice which unsealed an indictment versus Semenov and a 2nd co-founder of Tornado Cash, Roman Storm, who was apprehended on Aug. 23 by the Federal Bureau of Investigation and the Internal Revenue Service, Criminal Investigation. A 3rd co-founder of Tornado Cash, Alexey Pertsev, was apprehended on associated cash laundering charges in the Netherlands in August 2022 by Dutch police authorities. Read more.

Congo-associated Sanctions

  • OFAC Sanctions Individuals Contributing to Conflict and Instability in Congo: OFAC on Aug. 24 approved 6 people for adding to the current escalation of dispute in the eastern Democratic Republic of the Congo. OFAC designated Apollinaire Hakizimana, Brigadier General Sebastian Uwimbabazi, Ruvugayimikore Protogene, Bernard Byamungu, Colonel Salomon Tokolonga and Brigadier General Andrew Nyamvumba. OFAC’s sanctions show the United States’ dedication to advancing efforts towards resolution of the crisis, promoting responsibility for human rights abuses consisting of conflict-related sexual violence, and dealing with the alarming humanitarian scenario. Read more.


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