5th Circuit Overturns OFAC’s Tornado Cash Sanctions
This court ruling, which limits what can be designated or sanctioned by the U.S. government, has been hailed as a victory for ...
Chinese hackers targeted sanctions office in Treasury attack
Chinese state-backed hackers have reportedly breached the Office of Foreign Assets Control (OFAC), a Treasury Department ...
Hosted on MSN3d
OFAC Targets David Thackray: Crushing Blow to Narcotics Trade
The United States Treasury Department has taken decisive action against individuals and entities allegedly involved in the global trade of illegal drugs. Recently, the department’s Office of Foreign ...
JD Supra20d
Between a Claim and a Hard Place: OFAC Sanctions Preempt State Insurance Laws
If an insurer receives an insurance application from a person on OFAC’s List of Specially Designated Nationals and Blocked Persons (“SDN List”), the insurer is under an obligation not to ...
JD Supra1mon
BIS, OFAC, and U.S. State Department target Russia’s military and defense-industrial base
OFAC added 275 individuals and entities in 17 jurisdictions to the SDN List for their involvement in supplying Russia with advanced technology and equipment to support Russia’s ongoing war efforts.
CoinDesk1mon
Ending the Treasury Department’s Regulatory Overreach on Crypto Mixer Tornado Cash
Because of the latter actions, OFAC added many Tornado Cash addresses to its Specifically Designated National and Blocked Persons (SDN) list. But under the relevant statutory provisions ...