USA

Regulation and Compliance: Analyzing the Latest OFAC Updates

The Office of Foreign Assets Control (OFAC) continues to refine its sanctions programs with the release of several regulatory updates and expanded oversight lists. These updates are vital for navigating the complex landscape of international sanctions, defining the precise boundaries between prohibited activities and the temporary exemptions authorized under U.S. law. Regarding the Russia-related sanctions […]

Export control regulations USA

The Illusion of Containment: How Iranian Networks Defy Export Control in Hong Kong

The effectiveness of international sanctions relies on a precision mechanism that evasion networks strive to jam every day. Hong Kong’s current situation serves as a textbook case for any compliance professional. In 2019, when the U.S. Treasury blacklisted a Hong Kong-based company involved in procuring sensitive technology for Iran’s ballistic program, the objective was to […]

USA

Iranian oil: an OFAC license that misleads companies

In mid-April 2026, the expiration of General License U issued by the Office of Foreign Assets Control led to widespread interpretations among international trade operators. Some viewed this license as a signal of easing sanctions on Iranian oil. In reality, this interpretation proved largely misleading. While U.S. authorities did temporarily authorize certain transactions involving Iranian […]

Export control regulations USA

Iran sanctions: financial traceability at the core of U.S. enforcement actions

The U.S. Department of Justice has filed civil forfeiture actions targeting more than $15.3 million allegedly linked to an Iranian oil shipping network operating under sanctions. Beyond the amount involved, this case highlights a significant shift in how authorities approach sanctions enforcement. According to U.S. authorities, these funds were used to support activities related to […]

USA

United States: Toward an easing of sanctions on Venezuelan oil

The United States is considering easing certain sanctions targeting Venezuela’s oil sector, signaling a potential shift in the pressure policy in place since 2019. Recent developments suggest that Washington is exploring regulatory mechanisms to gradually restore the country’s oil exports. According to available information, U.S. authorities may rely on the issuance of general licenses to […]

Russia USA

OFAC General License 13P: Limited Authorization for Transactions with Russia

On January 6, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) issued General License 13P (GL 13P), introducing a temporary authorization for certain transactions that are otherwise prohibited under Directive 4 of Executive Order 14024. This development reflects the continued evolution of U.S. sanctions policy toward Russia, balancing restrictive measures with […]