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The Latest Breaking News from OFAC

U.S. Sanctions 12 Individuals, 2 Businesses Accused of Laundering Money for Sinaloa Cartel

As a result of the sanctions, all property and financial interests belonging to the designated individuals and entities that fall under U.S. jurisdiction have been blocked.

Latin Times

US Justice Department drops all criminal charges against Gautam Adani, closes case permanently

US authorities have dropped criminal fraud charges against Gautam Adani. This follows a $275 million settlement for a probe into sanctions violations. Adani had promised a $10 billion investment in the US economy. His lawyer argued the case was weak and investment was contingent on dismissal. The settlement involved apparent…

The Economic Times

Adani Enterprises resolves US Treasury sanctions case with $275 mln settlement after 'proactive' disclosure, cooperation

Adani Enterprises has agreed to a $275 million settlement with the US Treasury. This resolves potential civil liability for 32 apparent violations of US sanctions on Iran. The company bought liquefied petroleum gas from a Dubai trader. This gas had actually originated from Iran. Separately, the US Securities and Exchange…

The Economic Times

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US visa restrictions on owner of India-based pharmacy, 13 associates for fentanyl trafficking

The US has imposed visa restrictions on 13 individuals linked to an India-based online pharmacy, KS International Traders, and its owner for trafficking illicit fentanyl to Americans. This action follows previous sanctions against the company and its associates for supplying counterfeit fentanyl-laced pills that contributed to the US opioid crisis.

The Economic Times

Maduro Scores Legal Win As U.S. Lets Venezuela Pay Defense For Him And wife Cilia Flores

The United States has agreed to ease sanctions on Venezuela to allow the government to pay the legal fees of Nicolás Maduro and his wife, Cilia Flores, in their high-profile criminal case in New York, according to court filings and multiple reports.

Latin Times

Scoop: U.S. eases bank sanctions amid Venezuela's economic woes

The action by the U.S. Treasury is intended to help Venezuela's oil sector and stabilize its new government.

Axios

Nicolás Maduro appears again in New York court on ‘narco-terrorism’ charges

Deposed Venezuelan president and his wife, who both pleaded not guilty, were captured by US military in January

The Guardian - US

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Supermicro—accused of smuggling $2.5 billion in Nvidia chips to China—has been here before, in Iran

Yih-Shyan “Wally” Liaw was arrested on Thursday and resigned his seat on the Super Micro Computer board on Friday.

Fortune

Piety at home, property abroad: What do we know about Mojtaba Khamenei's assets?

Official sanctions records, corporate filings and land registry documents point to a vast financial network possibly tied to Iran's new supreme leader.

Euronews

Maine university pulls support from conference on Palestine, citing Trump sanctions

Organizers scramble for new venue after University of Southern Maine cites sanctions over Francesca Albanese’s virtual talk

The Guardian - US

Songs Glorifying Cartels Mentioning 'El Jardinero' as CJNG's Next Leader After Death of 'El Mencho'

Ballads associated with Mexico's narcoculture, popularly known as corridos, are signaling a potential leadership transition within the Cártel Jalisco Nueva Generación (CJNG) after the killing of leader "El Mencho" on Sunday.

Latin Times

U.S. Sanctions Another Jalisco Cartel-Linked Timeshare Fraud Scheme Targeting Older Americans

OFAC sanctioned a timeshare fraud network led by the Cártel Jalisco Nueva Generación (CJNG), which the cartel used to make automated calls to lure potential buyers to sales presentations and later defraud them.

International Business Times

Wall Street Targets Venezuela Oil And Infrastructure For Massive March Investment

Wall Street investment firms are exploring massive oil and infrastructure opportunities in Venezuela amid shifting sanctions and political developments.

International Business Times

Wall Street Targets Venezuela Oil And Infrastructure For Massive March Investment

Wall Street investment firms are exploring massive oil and infrastructure opportunities in Venezuela amid shifting sanctions and political developments.

International Business Times UK

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TechRadar

US removes three spyware-linked executives from sanctions list - and there's no explanation why

Merom Harpaz, Andrea Nicola Constantino Hermes Gambazzi, and Sara Aleksandra Fayssal Hamou are no longer under US sanctions.

The Independent UK

US Treasury slaps $7.1M fine on New York firm for managing properties for Putin ally

The U.S. Treasury has imposed a $7 million fine on a New York property management firm for allegedly violating Russia-related sanctions

Latin Times

U.S. Sanctions Family Behind Mexican Casino Empire For Laundering Funds for Sinaloa Cartel

According to U.S. officials, the Hysa Organized Crime Group (HOCG) used its influence through investments and control of Mexican businesses to conceal profits from drug trafficking.

Latin Times

U.S. Sanctions 12 Companies Linked to 'Los Chapitos' for Alleged Role In Fentanyl Trade

The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) announced new sanctions targeting eight Mexican nationals and 12 Mexican companies allegedly linked to Los Chapitos, a faction of the Sinaloa Cartel battling for control of the drug trafficking organization in northern Mexico.

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TechRadar

Cyberscam groups who stole $10 billion from Americans sanctioned by US

Almost two dozen groups and individuals sanctioned by the OFAC for scamming US citizens.

Latin Times

U.S. Drone Flight In Mexico Reportedly Part Of Operation Against La Nueva Familia Michoacana Cartel

A recent drone flight conducted by the U.S. reportedly sought to monitor territory controlled by La Familia Michoacana cartel

Latin Times

U.S. Sanctions Mexican Rapper 'El Makabelico' For Laundering Cártel del Noreste Money Through Concerts

Latin Times

U.S. and Mexican Authorities Have Identified Almost 250 Jalisco Cartel Operatives in the Last Decade; Less Than 20% Have Been Detained

An investigation has revealed that the financial structure behind the Jalisco New Generation Cartel (CJNG) has been widely identified by U.S. and Mexican authorities, yet it remains largely unprosecuted.

Latin Times

Drug Traffickers Who Used a 'Narco Sub' To Smuggle Cocaine Into The U.S. Hit With Sanctions

Six men who used a "narco sub" to smuggle cocaine into the U.S. have been hit with sanctions

The Independent UK

Al-Qaeda and Hezbollah leaders among terrorists who pay Elon Musk for X subscriptions, study finds

Tech Transparency Project finds several terrorists and others under sanctions have premium blue checkmark accounts on X

Fortune

Chinese companies are secretly powering North Korea’s global IT workers scheme

A host of Chinese front companies could be helping North Korean IT workers infiltrate U.S. businesses, a report reveals.

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