Sanctions enforcement & export-controls — OFAC/BIS updates
Key Questions
What new OFAC designations have been made?
OFAC has added 12 individuals and 29 entities to the SDN list, including counter-terrorism designations like Ibrahim Al-Moussawi. New additions target Iran-related and Cuba-linked actors. These updates strengthen sanctions enforcement.
What settlement was reached in the Adani Iran sanctions case?
Adani settled for $275 million over violations involving Iranian LPG shipments between 2023 and 2025. The company agreed to the penalty for apparent sanctions breaches. OFAC continues to pursue secondary sanctions compliance.
How is BIS updating export controls?
BIS is tightening rules on AI, ITAR, and EAR chip technologies, with new restrictions on Chinese companies. Updates include Entity List and Unverified List revisions. These measures aim to limit military end-use and dual-use transfers.
What is the status of the Russian oil waiver?
Treasury has extended the Russian oil waiver amid the Hormuz crisis tightening global supplies. The extension supports certain energy transactions while sanctions remain in place. It reflects efforts to balance enforcement with market stability.
What new OFAC general license was issued for Venezuela?
OFAC General License 58 authorizes debt services related to Venezuela. This provides limited relief while maintaining broader sanctions. It is part of ongoing updates to sanctions frameworks.
How are stablecoin AML frameworks being addressed?
New stablecoin AML frameworks are being developed alongside OFAC and BIS updates. These target illicit finance risks in digital assets tied to sanctioned entities. Enforcement focuses on compliance for Iran and Russia-related activities.
What Entity List changes are under review?
BIS is seeking OMB renewal for Entity List and Unverified List removal processes. Updates inform the public about parties requiring export licenses. This supports tighter controls on sensitive technologies.
What sanctions target Cuban regime actors?
The U.S. has sanctioned 11 Cuban regime-aligned actors and three entities. These actions counter threats posed by the Cuban regime. Designations include updates to OFAC's SDN list for Cuba.
OFAC SDN additions, $275M Iranian-LPG settlement, Treasury secondary sanctions; BIS AI/ITAR/EAR chip tightenings; US Russian oil waiver extension; Entity/Unverified List updates; stablecoin AML framework. New: OFAC counter-terrorism designation adds Ibrahim Al-Moussawi to SDN list; OFAC GL 58 Venezuela debt services.