ABA Banking Journal
No Result
View All Result
  • Topics
    • Ag Banking
    • Commercial Lending
    • Community Banking
    • Compliance and Risk
    • Cybersecurity
    • Economy
    • Human Resources
    • Insurance
    • Legal
    • Mortgage
    • Mutual Funds
    • Payments
    • Policy
    • Retail and Marketing
    • Tax and Accounting
    • Technology
    • Wealth Management
  • Newsbytes
  • Podcasts
  • Magazine
    • Subscribe
    • Advertise
    • Magazine Archive
    • Newsletter Archive
    • Podcast Archive
    • Sponsored Content Archive
SUBSCRIBE
ABA Banking Journal
  • Topics
    • Ag Banking
    • Commercial Lending
    • Community Banking
    • Compliance and Risk
    • Cybersecurity
    • Economy
    • Human Resources
    • Insurance
    • Legal
    • Mortgage
    • Mutual Funds
    • Payments
    • Policy
    • Retail and Marketing
    • Tax and Accounting
    • Technology
    • Wealth Management
  • Newsbytes
  • Podcasts
  • Magazine
    • Subscribe
    • Advertise
    • Magazine Archive
    • Newsletter Archive
    • Podcast Archive
    • Sponsored Content Archive
No Result
View All Result
No Result
View All Result
ADVERTISEMENT
Home Uncategorized

Recent news from Treasury’s Office of Foreign Assets Control: September 14

September 15, 2023
Reading Time: 3 mins read
AML Innovation and Whistleblower Provisions of the NDAA Mean Important Changes Ahead

OFAC took sanctions action over the last week in the Iran, Russia, terrorism and human rights abuses programs:

Iran-related Sanctions

  • OFAC Designates Former President of Iran: OFAC on Sept. 18 designated Mahmoud Ahmadinejad, the former president of Iran, for having provided material support to the Iranian Ministry of Intelligence and Security (MOIS), an entity concurrently designated by the Department of State. The Department of State designated MOIS for being responsible for, or complicit in, to have directly or indirectly engaged in, or to be responsible for ordering, controlling, or otherwise directing, the hostage-taking of a U.S. national or the wrongful detention of a U.S. national abroad. Read more.
  • Related to this action, OFAC announced the establishment of a humanitarian channel in Qatar (HC) to further facilitate the flow of humanitarian assistance to the people of Iran consistent with the U.S. government’s longstanding support for humanitarian trade. The HC does not lift any U.S. sanctions on Iran, and the U.S. government continues to impose sanctions on Iran’s malign activity. Read more.

Russia-related Sanctions

  • OFAC Imposes New Sanctions on Russian Individuals and Banks: OFAC on Sept. 14 sanctioned nearly 100 Russian elites and members of Russia’s industrial base, financial institutions, and technology suppliers as the United States continues to leverage sanctions and economic restrictions to undermine Russia’s capacity to wage its war against Ukraine. Among the new designations are two Russia-based banks, Bars Bank and Sinko Bank, and several Russia-based wealth management consulting, auditing and investment firms. In addition, the State Department designated more than 70 individuals. Read more.

Terrorism-related Sanctions

  • OFAC Designates Hizballah Operatives and Financial Facilitators in South America and Lebanon: OFAC, in coordination with the Drug Enforcement Administration, designated key Hizballah operatives and financial facilitators in South America and Lebanon. This action includes Amer Mohamed Akil Rada, who in addition to his role as a senior Hizballah operative, was one of the operational members of Hizballah who carried out the terrorist attack against the Asociacion Mutual Israelita Argentina in Argentina in 1994 that killed 85 people. Amer and his associates manage a commercial enterprise for Hizballah, including charcoal exports to Lebanon. This action targets seven key individuals and entities in this network that generates revenue for Hizballah’s terrorist activities and enables the terrorist group’s activities in Latin America. Read more.

Human Rights Abuse Designations

  • OFAC Sanctions Iranian Officials and Companies Connected to Mahsa “Zhina” Amini’s Death: OFAC on Sept. 15 designated 29 individuals and entities in connection with the Iranian regime’s violent suppression of nationwide protests following the death of Mahsa “Zhina” Amini in September 2022 while in custody of its ‘Morality Police,’ and the regime’s continued efforts to detain dissenting voices and restrict access to a free and open internet. The designees include 18 key members of the regime’s security forces, the Islamic Revolutionary Guard Corps and the Law Enforcement Forces; the head of Iran’s Prisons Organization; three individuals and one company in connection with the regime’s systematic censorship and blocking of access to the internet; and three IRGC and regime-controlled media outlets—Fars News, Tasnim News and Press TV—and three senior officials. Read more.

ADVERTISEMENT
Tags: Anti-money launderingComplianceOFACSanctions
ShareTweetPin

Related Posts

Terrorism and money laundering aggregates published: April through June 2024

Terrorism and money laundering aggregates published: April through June 2025

Uncategorized
July 7, 2025

The FinCEN 314(a) Updates section is published on a periodic basis to better capture the trend line for 314(a) usage. The following is an update from April through June 2025.

Recent news from Treasury’s Office of Foreign Assets Control: April 5

Recent news from Treasury’s Office of Foreign Assets Control: July 7

Uncategorized
July 7, 2025

The Office of Foreign Assets Control announced the following sanctions action last week.

ABA files coalition amicus brief urging Supreme Court to reject class certification for uninjured class members

U.S. Supreme Court declines to address class certification for uninjured members

Uncategorized
July 1, 2025

U.S. Supreme Court dismissed Labcorp’s appeal as “improvidently granted,” effectively letting stand the Ninth Circuit’s ruling that upheld class certification despite including uninjured members.

Capital One agrees to pay $425 million to resolve 360 Performance Savings Account allegations

Virginia federal court trims influencers lawsuit against Capital One

Uncategorized
July 1, 2025

A Virginia federal court partially granted a motion to dismiss filed by a class of social media influencers alleging Capital One’s coupon-search browser extension stole from content creators.

First Circuit rules federal law does not preempt Puerto Rico’s credit card surcharge law

First Circuit rules federal law does not preempt Puerto Rico’s credit card surcharge law

Uncategorized
July 1, 2025

In a unanimous decision, a First Circuit panel ruled that Puerto Rico’s Law 150 is not preempted by the Cash Discount Act or the Durbin Amendment.

U.S. Supreme Court grants petition to examine post-judgment relief in Hamas banking lawsuit

U.S. Supreme Court rejects Hamas victims’ attempt to revive bank lawsuit

Uncategorized
July 1, 2025

In a unanimous decision written by Justice Clarence Thomas, the U.S. Supreme Court ruled that relief under Federal Rule of Civil Procedure 60(b)(6) applies only in “extraordinary circumstances,” even where the movant seeks to reopen a case to...

NEWSBYTES

OCC allows Texas banks affected by flooding to close

July 7, 2025

U.S. Bank survey: Small-business owners focus on succession planning

July 6, 2025

FDIC report: 97% of supervised institutions rated satisfactory or better for consumer compliance

July 6, 2025

SPONSORED CONTENT

Navigating Disruption in Ag Lending – Why Tariffs Are Just the Tip of the Iceberg

Navigating Disruption in Ag Lending – Why Tariffs Are Just the Tip of the Iceberg

July 1, 2025
AI Compliance and Regulation: What Financial Institutions Need to Know

Unlocking Deposit Growth: How Financial Institutions Can Activate Data for Precision Cross-Sell

June 1, 2025
Choosing the Right Account Opening Platform: 10 Key Considerations for Long-Term Success

Choosing the Right Account Opening Platform: 10 Key Considerations for Long-Term Success

April 25, 2025
Outsourcing: Getting to Go/No-Go

Outsourcing: Getting to Go/No-Go

April 5, 2025

PODCASTS

Podcast: Inside ABA’s new Treasury Check Verification System API

June 25, 2025

Podcast: Staying close to clients amid tariff-driven volatility

June 18, 2025

Podcast: Old National’s Jim Ryan on the things that really matter

June 12, 2025
ADVERTISEMENT

American Bankers Association
1333 New Hampshire Ave NW
Washington, DC 20036
1-800-BANKERS (800-226-5377)
www.aba.com
About ABA
Privacy Policy
Contact ABA

ABA Banking Journal
About ABA Banking Journal
Media Kit
Advertising
Subscribe

© 2025 American Bankers Association. All rights reserved.

No Result
View All Result
  • Topics
    • Ag Banking
    • Commercial Lending
    • Community Banking
    • Compliance and Risk
    • Cybersecurity
    • Economy
    • Human Resources
    • Insurance
    • Legal
    • Mortgage
    • Mutual Funds
    • Payments
    • Policy
    • Retail and Marketing
    • Tax and Accounting
    • Technology
    • Wealth Management
  • Newsbytes
  • Podcasts
  • Magazine
    • Subscribe
    • Advertise
    • Magazine Archive
    • Newsletter Archive
    • Podcast Archive
    • Sponsored Content Archive

© 2025 American Bankers Association. All rights reserved.