The US Treasury has sanctioned six people and two entities for their alleged roles in an IT worker fraud scheme orchestrated ...

The U.S. Treasury Department said Thursday it sanctioned six individuals and two entities for their roles in North Korea-orchestrated information technology (IT) worker schemes, which it accused of ...

The US is waiving its sanctions on Russian oil for 30 days as oil prices have surged globally, according to a Thursday notice from the Treasury Department’s Office of Foreign Assets Control (OFAC).

U.S. Treasury sanctions Rwanda's military and four officials for supporting the M23 Movement's human rights abuses in Congo.

Serbia's Russian-owned NIS oil company has sought another sanctions waiver from the U.S. to allow crude imports while it ...

The U.S. Treasury’s Office of Foreign Assets Control (OFAC) has sanctioned Russian firm Operation Zero and its founder, ...

Naftna Industrija Srbije (NIS) has asked the United States Treasury Department's Office of Foreign Assets Control (OFAC) to extend its operating license beyond March 20, when it is due to expire, the ...

Sanctions can change in the future, but leaders must stay compliant with the laws as they are currently written.

The Office of Foreign Assets Control (OFAC) has oversight of financial transactions involving U.S. and foreign entities. It exercises this authority in several ways, including (i) through the ...

A real estate executive reached a $3.77 million settlement with the Office of Foreign Assets Control after OFAC accused them of violating U.S. sanctions against Syria. The person -- which committed ...

The Treasury Department’s Office of Foreign Asset Control is an enforcement agency – it is not a regulatory agency. That sounds like a lot of bureaucratic speak but it does have some real significance ...