OFAC

OFAC Issues Venezuela General Licenses 46B, 48A, 49A and Amends FAQs

The Office of Foreign Assets Control (OFAC) has issued updated Venezuela-related General Licenses 46B, 48A, and 49A, authorizing specific activities related to Venezuelan oil, petrochemicals, and investment negotiations. OFAC also amended two related Frequently Asked Questions.

OFAC SDN List Update: Removals and Additions

The US Treasury Department's Office of Foreign Assets Control (OFAC) has updated the Specially Designated Nationals (SDN) List. This action involves the removal of certain individuals and entities previously designated, as well as the addition of new ones, related to cyber activities. Specific details on the designations and removals are provided.

OFAC Issues Russia-related General License 134 on Crude Oil

The Department of the Treasury's Office of Foreign Assets Control (OFAC) has issued Russia-related General License 134, authorizing the delivery and sale of crude oil and petroleum products of Russian Federation origin loaded on vessels as of March 12, 2026. This license provides specific exceptions to sanctions for certain oil transactions.

OFAC Designations and Removals - Counter Terrorism, North Korea, Narcotics

The US Treasury's Office of Foreign Assets Control (OFAC) has updated its Specially Designated Nationals (SDN) List with new designations related to counter-terrorism, North Korea, and narcotics. These updates include adding individuals involved in facilitating North Korea sanctions evasion and disrupting illicit networks.

OFAC Adds Sudanese Muslim Brotherhood to SDN List

The US Treasury Department's Office of Foreign Assets Control (OFAC) has added the Sudanese Muslim Brotherhood to its Specially Designated Nationals (SDN) List. This action imposes sanctions on the entity and carries secondary sanctions risk under Executive Order 13224, as amended.

OFAC Venezuela-Related General License 51

The Office of Foreign Assets Control (OFAC) has issued Venezuela-related General License 51, authorizing certain activities involving Venezuelan-origin gold. This license provides specific exemptions to sanctions regulations for authorized transactions.

OFAC Removes Russia-Related Entity from SDN List

The US Treasury Department's Office of Foreign Assets Control (OFAC) has removed GLOBE TREKKERS LLC from the Specially Designated Nationals (SDN) List. This action is a designation removal under Executive Order 14024, with a related license issued for the United Arab Emirates.

OFAC Issues Russia Oil License and Amends Venezuela Oil FAQ

The US Department of the Treasury's OFAC has issued Russia-related General License 133, authorizing the delivery and sale of Russian crude oil loaded on vessels as of March 5, 2026, to India. OFAC also amended a Venezuela-related FAQ concerning the resale of Venezuelan oil to Cuba.

OFAC Venezuela Removals and Russia General License Update

The Office of Foreign Assets Control (OFAC) has removed certain entities and vessels from the Specially Designated Nationals (SDN) List related to Venezuela. Additionally, OFAC issued an amended Russia-related General License 129A, authorizing certain transactions involving Rosneft Deutschland GmbH and RN Refining & Marketing GmbH.

OFAC Designates Rwanda Defence Force and Officials; Issues General License

The US Treasury's OFAC has designated the Rwanda Defence Force and four Rwandan officials under its Specially Designated Nationals (SDN) List for actions related to the Democratic Republic of the Congo. OFAC also issued DRC-related General License 1 to authorize the wind-down of transactions involving the Rwanda Defence Force.