Recent information from Treasury’s Office of Foreign Assets Control: September 14

OFAC took sanctions motion over the past week within the Russia, terrorism and human rights abuses applications:

Russia-related Sanctions

  • OFAC Imposes New Sanctions on Russian Individuals and Banks: OFAC on Sept. 14 sanctioned practically 100 Russian elites and members of Russia’s industrial base, monetary establishments, and know-how suppliers because the United States continues to leverage sanctions and financial restrictions to undermine Russia’s capability to wage its warfare towards Ukraine. Among the brand new designations are two Russia-based banks, Bars Bank and Sinko Bank, and several other Russia-based wealth administration consulting, auditing and funding corporations. In addition, the State Department designated greater than 70 people. Read extra.

Terrorism-related Sanctions

  • OFAC Designates Hizballah Operatives and Financial Facilitators in South America and Lebanon: OFAC, in coordination with the Drug Enforcement Administration, designated key Hizballah operatives and monetary facilitators in South America and Lebanon. This motion consists of Amer Mohamed Akil Rada, who along with his position as a senior Hizballah operative, was one of many operational members of Hizballah who carried out the terrorist assault towards the Asociacion Mutual Israelita Argentina in Argentina in 1994 that killed 85 individuals. Amer and his associates handle a business enterprise for Hizballah, together with charcoal exports to Lebanon. This motion targets seven key people and entities on this community that generates income for Hizballah’s terrorist actions and allows the terrorist group’s actions in Latin America. Read extra.

Human Rights Abuse Designations

  • OFAC Sanctions Iranian Officials and Companies Connected to Mahsa “Zhina” Amini’s Death: OFAC on Sept. 15 designated 29 people and entities in reference to the Iranian regime’s violent suppression of nationwide protests following the demise of Mahsa “Zhina” Amini in September 2022 whereas in custody of its ‘Morality Police,’ and the regime’s continued efforts to detain dissenting voices and limit entry to a free and open web. The designees embody 18 key members of the regime’s safety forces, the Islamic Revolutionary Guard Corps and the Law Enforcement Forces; the pinnacle of Iran’s Prisons Organization; three people and one firm in reference to the regime’s systematic censorship and blocking of entry to the web; and three IRGC and regime-controlled media retailers—Fars News, Tasnim News and Press TV—and three senior officers. Read extra.


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