The Latest Breaking News from OFAC

Sinbad.io is the third crypto mixer to be sanctioned by OFAC since May 2022.

From Monday's opinion by Judge T. Kent Wetherell, II (N.D. Fla.) in Coin Center v. Yellen (for a similar decision, see this August post about Van Loon v. Dep't of Treasury): Plaintiffs argue that [the government's restriction on the use of] Tornado Cash [a mechanism for further anonymizing cryptocurrency transactions]…

Family members of former Bosnian Serb political leader Radovan Karadzic, who was convicted of war crimes for his role in the 1990s Balkan conflict, sued the U.S. Treasury Department on Tuesday over their continued inclusion on a U.S. sanctions list.

US Treasury officials say that the Assad government has used drug trafficking as a source of illicit revenue.

Andrey Guryev, who has been put under UK government sanctions, claims he is not owner of Alfa Nero

A US federal prosecutor announced the arrest of a Lebanese-Belgian citizen considered a major financier of Iran-backed Hezbollah in the Romanian capital, Bucharest. US Attorney Breon Peace in Brooklyn said that Mohammed Ibrahim Bazzi, 58, designated by the US as a “global terrorist” in 2018, when it offered $10 million…

The new rules are designed to speed up deliveries.

A new Chainalysis report highlights how the Office of Foreign Assets Control has been targeting bad actors in the crypto sector.

Most dangerously of all, they're starting to make their own central bank digital currencies.