The Office of Foreign Assets Control this week sanctioned three people and two entities in Mexico for their ties to a drug trafficking and fuel theft network linked to the Mexico-based Cartel Jalisco Nueva Generacion. The Treasury Department also published a new alert with red flags that could signal a company is using a U.S. bank as part of a fuel smuggling scheme on the U.S. southwest border.
Rep. Jerrold Nadler, D-N.Y., introduced a bill April 28 that would codify former President Joe Biden’s February 2024 executive order allowing the U.S. to sanction those who undermine peace, security and stability in the West Bank.
The Office of Foreign Assets Control this week sanctioned six entities and six people based in Iran and China for their ties to a network that buys ballistic missile propellant ingredients for Iran’s Islamic Revolutionary Guard Corps. OFAC said the network has specifically provided Iran with sodium perchlorate, which is used to produce ammonium perchlorate, a substance subject to export controls by the multilateral Missile Technology Control Regime. The network has also supplied Iran with dioctyl sebacate, a chemical used in ballistic missiles.
Copa Holdings, the parent company of Latin American airlines Copa Airlines and Wingo, recently disclosed to the U.S. government that it may have violated U.S. sanctions against Cuba.
The Office of Foreign Assets Control this week sanctioned three vessels and their owners for supporting the Yemen-based Houthis and the group's attacks on commercial shipping in the Red Sea, including by supplying them with oil shipments.
The Office of Foreign Assets Control sanctioned Iranian national and liquified petroleum gas (LPG) magnate Seyed Asadoollah Emamjomeh and his corporate network April 22, saying they shipped hundreds of millions of dollars’ worth of Iranian LPG and crude oil to foreign markets, which generated revenue for Iran’s nuclear and ballistic missile programs and terrorism proxies.
The Office of Foreign Assets Control this week announced additional sanctions for leaders of La Nueva Familia Michoacana drug cartel, and removed Magnitsky sanctions for a Hungarian government official.
The Office of Foreign Assets Control sanctioned the International Bank of Yemen (IBY) April 17 for financially supporting the Yemen-based Houthis, also known as Ansarallah.
The first few weeks of Undersecretary Jeffrey Kessler’s tenure at the Bureau of Industry and Security have been defined by industry uncertainty and skepticism toward career government and business officials, industry members and BIS staff said.
The Office of Foreign Assets Control sanctioned Chinese oil refinery Shandong Shengxing Chemical Co. Ltd. on April 16 for buying more than $1 billion worth of Iranian crude oil from “shadow fleet” vessels.