Sanctions Center

📣 US Sanctions Network Financing Hizballah's Terror Activities Through Oil and LPG Smuggling On September 11, 2024, the U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) sanctioned three individuals, five companies, and two vessels involved in smuggling oil and LPG to finance Hizballah. 💰This network, led by senior Hizballah finance officials, has funneled hundreds of millions in revenue to the group, supporting its terrorist activities and destabilizing the region. 🚨 Key figures include Muhammad Ibrahim Habib al-Sayyid, Ali Nayef Zgheib, and Boutros Georges Obeid, with companies like Heavy Oil Distribution Company S.A.L. and vessels ALPHA GAS and MARINA implicated in the operations. Original source 👉: https://lnkd.in/g9fRRtKW #USsanctions #sanctionsupdate #sanctionscompliance #Hizballah #OilSmuggling #LPG #OFAC #CounterTerrorism

📣 U.S. Imposes New Sanctions on Entities Linked to Pakistan’s Ballistic Missile Program On September 12, 2024, the U.S. Department of State imposed sanctions on six entities and one individual linked to Pakistan’s ballistic missile program. The sanctions target the Beijing Research Institute of Automation for Machine Building Industry (RIAMB), which worked with Pakistan’s National Development Complex (NDC) on missile technology. ⛔🏢 Additionally, sanctions were imposed on Chinese firms Hubei Huachangda Intelligent Equipment Company, Universal Enterprise Limited, and Xi’an Longde Technology Development Company Limited, Chinese individual Luo Dongmei, and Pakistani entity Innovative Equipment for transferring controlled missile technology to non-MTCR countries. ✅ These actions follow Executive Order 13382 and missile sanctions laws. Original source 👉: https://lnkd.in/g7t7VGxu #USsanctions #sanctionsupdate #sanctionscompliance #BallisticMissiles #WMD #MissileProliferation

📣 Treasury / OFAC Issues General License No. 8 Authorizing Transactions with Entities Owned by Ly Yong Phat and L.Y.P. Group On September 12, 2024, the U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) issued General License No. 8 under the Global Magnitsky Sanctions Regulations. ✅ This license allows transactions involving entities owned by Ly Yong Phat or L.Y.P. Group Co., LTD, provided they are not listed on the Specially Designated Nationals (SDN) list. 🚨 The authorization applies only to entities blocked solely due to the ownership of Ly or L.Y.P. Group, and it does not extend to other persons or entities blocked under the GMSR unless separately authorized. Original source 👉: https://lnkd.in/gjkAefPi #USsanctions #sanctionsupdate #sanctionscompliance #OFAC #LyYongPhat #LYPGroup #GeneralLicense #EconomicSanctions

📣 Treasury Sanctions 16 Venezuelan Officials for Undermining Elections and Intensifying Repression On September 12, 2024, the U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) sanctioned 16 Venezuelan officials aligned with President Nicolas Maduro for obstructing the country’s electoral process. ⚠️ These individuals, including key figures from the National Electoral Council and the Supreme Tribunal of Justice, were accused of undermining a fair election and intensifying repression through censorship, intimidation, and arbitrary detentions. ✅ The action follows fraudulent July 28 elections, where opposition leader Edmundo Gonzalez Urrutia was forced into exile. The sanctions block U.S. assets and restrict transactions related to these officials Original source 👉: https://lnkd.in/dvkU3f85 #USsanctions #sanctionsupdate #sanctionscompliance #OFAC #VenezuelaSanctions #ElectoralFraud #MaduroRegime 

📣 Treasury / OFAC Sanctions Cambodian Tycoon Ly Yong Phat and Businesses for Human Trafficking and Forced Labor in Cyber Scams On September 12, 2024, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) sanctioned Cambodian tycoon Ly Yong Phat, his conglomerate L.Y.P. Group, and O‑Smach Resort for human rights abuses, including forced labor in online scam centers. 🚨 OFAC also designated three additional properties, Garden City Hotel, Koh Kong Resort, and Phnom Penh Hotel, all owned or controlled by Ly. The sanctions block U.S. assets of the listed individuals and entities and prohibit U.S. persons from engaging in transactions with them. ✅ These actions highlight the U.S. government’s efforts to combat human trafficking and cyber scam-related forced labor. Original source 👉: https://lnkd.in/djDWd9Qk #USsanctions #sanctionsupdate #sanctionscompliance #CyberScams #OFAC #LyYongPhat #HumanTrafficking #ForcedLabor

📣 Japan Updates Export Control Regulations On September 10, 2024, Japan's Ministry of Economy, Trade, and Industry issued Notification No. 148, amending the Export Trade Control Order (Showa 24, Order No. 378). 🚨📝 This update revises the list of controlled goods under Article 4, Paragraph 2, Items 2i, 3, and 4, specifying new regulations for exporting certain chemicals. Key updates include stricter controls on perfluorooctanoic acid (PFOA) and related substances. 📅 The changes will be effective from January 10, 2025, with the new regulations on item 30 applying from September 10, 2024. Original source 👉: https://lnkd.in/gQ5S6KEk #Japanexportcontrols #exportcontrols #exportcontrolsupdate #JapanExportRegulations #TradeCompliance

📣 Treasury / OFAC Advisory on Sanctions Risks for Petroleum Shipments to Syria and Iran On September 11, 2024, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) issued an advisory warning about the significant sanctions risks for entities involved in petroleum shipments to Syria. 🚨 This updated advisory alerts global parties, including shipping companies and financial institutions, to the risks associated with facilitating such shipments, particularly those involving Iranian-origin oil. It emphasizes that U.S. sanctions apply to anyone aiding these transactions and lists deceptive practices like falsifying documents and manipulating AIS data that are used to evade sanctions. ✅ The advisory underscores ongoing efforts to disrupt illicit support to the Syrian government and highlights enforcement actions for non-compliance. Original source 👉: https://lnkd.in/gK3eEbhu #USsanctions #sanctionsupdate #sanctionscompliance #OFAC #SyriaSanctions #IranSanctions #Maritime #TradeRegulations

📣 UK Targets 10 Ships Under Russia Sanctions Regime to Combat Oil Smuggling On September 11, 2024, the UK Government updated its Russia Sanctions Regime by specifying 10 ships linked to Russia's 'shadow fleet.' 🚢 These vessels, which employ illicit practices to evade UK and G7 sanctions on Russian oil, have been designated to enhance enforcement against oil smuggling. 📝 The ships specified include the following: 1. NIKOLAY ZUYEV, 2. NS CLIPPER 3. NS CORONA 4. ZALIV ANIVA 5. OLYMPIYSKY PROSPECT 6. LEONID LOZA 7. NS ASIA 8. SCF BALTICA 9. VLADIMIR TIKHONOV 10. SCF VANKOR Original source 👉: https://lnkd.in/drCd-Jm #UKsanctions #sanctionsupdate #sanctionscompliance #RussiaSanctions #OilSmuggling #ShadowFleet #G7Sanctions #TradeRestrictions

📣 Israeli Freight Forwarder Gal Haimovich Pleads Guilty to Export Violations for Illicit Shipments to Russia On September 10, 2024, Israeli freight forwarder Gal Haimovich pleaded guilty to conspiracy to violate U.S. export control and smuggling laws by illegally shipping aircraft parts and avionics to Russia. 📅 Between March 2022 and May 2023, Haimovich facilitated over 160 shipments to Russian customers, including sanctioned airline companies like Siberia Airlines (S7), by falsely declaring third-party destinations like the Maldives and UAE. 🚫 Haimovich’s actions violated U.S. export restrictions imposed following Russia’s invasion of Ukraine. He agreed to forfeit $2 million and various aircraft components as part of his plea deal, with sentencing scheduled for November 22, 2024. Original source 👉: https://lnkd.in/ePiHUV5J #USsanctions #sanctionsupdate #sanctionscompliance #ExportViolations #GalHaimovich #RussiaSanctions #IllegalShipments #ExportEnforcement 

📣 Treasury / OFAC Sanctions CJNG Fuel Theft Network Supporting Deadly Fentanyl Trafficking On September 10, 2024, the U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) sanctioned nine Mexican nationals and 26 entities tied to a fuel theft network fueling the Cartel Jalisco Nueva Generacion (CJNG). ⚠️ This cartel, notorious for trafficking fentanyl and other deadly drugs into the U.S., benefits from this network's illicit activities, which have caused significant financial losses to the Mexican government. ✅ The sanctions, part of a broader effort to disrupt drug trafficking finances, target those involved in CJNG’s operations, including senior members like Ivan Cazarin Molina, and various businesses facilitating the cartel’s illegal activities. Original source 👉: https://lnkd.in/gCkv8Au5 #USsanctions #sanctionsupdate #sanctionscompliance #FentanylTrafficking #CJNG #OFAC #AntiDrugTrafficking