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
Home Uncategorized

Recent news from Treasury’s Office of Foreign Assets Control: August 9

August 9, 2024
Reading Time: 1 min read
Recent news from Treasury’s Office of Foreign Assets Control: April 5

The Office of Foreign Assets Control took sanctions action over the last week in the Russia and humans right abuse programs:

Russia-related Sanctions

  • OFAC Sanctions Network Supporting Russia and Lukashenka Regime: OFAC on Aug. 9 sanctioned 19 individuals, 14 entities, and one aircraft pursuant to Belarus-related Executive Order 14038. OFAC’s action targets persons involved in supporting Russia’s war in Ukraine through military resource production and transshipment of goods to Russia, sanctions evasion on behalf of Belarusian defense entities, and revenue generation for Belarusian oligarchs in Alyaksandr Lukashenka’s inner circle. OFAC is concurrently designating five of these targets—three individuals and two entities—pursuant to Russia-related E.O. 14024. Read more.
  • Related to this action, OFAC on Aug. 9 issued Russia-related General License 101 to authorize civil aviation safety and wind down transactions involving certain entities blocked on Aug. 9, 2024.

Corruption and Human Rights Abuse Designations

  • OFAC Designates Tobacco Company for Supporting Paraguay’s Sanctioned Former President: OFAC on Aug. 6 designated Paraguayan tobacco company Tabacalera del Este S.A. (Tabesa) for providing financial support to OFAC-designated Horacio Manuel Cartes Jara, Paraguay’s former president. OFAC sanctioned Cartes on Jan. 26, 2023 for his involvement in corruption. Tabesa is being designated pursuant to Executive Order 13818, which builds upon and implements the Global Magnitsky Human Rights Accountability Act and targets perpetrators of serious human rights abuse and corruption around the world. Read more.

Tags: Anti-money launderingComplianceOFACSanctions
ShareTweetPin

Related Posts

Compliance question of the month: February 2025

Compliance question of the month: August 2026

Uncategorized
August 17, 2026

Compliance QOTM answers question on construction loan reporting under the Home Mortgage Disclosure Act.

Beyond Surveillance: Rethinking Security for Modern Financial Institutions

Beyond Surveillance: Rethinking Security for Modern Financial Institutions

Sponsored Content
August 12, 2026

Sponsored content presented by Axis Communications For decades, physical security within financial institutions has been largely reactive. Security teams investigated incidents after they occurred, using recorded video to understand what happened and support response efforts. While this approach...

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

Recent news from Treasury’s Office of Foreign Assets Control and the Department of State: Aug. 10

Uncategorized
August 10, 2026

News items that are the most recent sanctions-related actions from the Office of Foreign Assets Control and the Department of State.

ABA, trade groups: CFPB has no authority to enact rule limiting arbitration 

ABA files amicus brief urging U.S. Supreme Court to clarify Federal Arbitration Act’s application to bankruptcy claims

Uncategorized
August 5, 2026

ABA filed an amicus brief urging the U.S. Supreme Court to review a Fourth Circuit decision holding that the FAA does not require courts to enforce arbitration agreements covering claims under Section 362(k) of the Bankruptcy Code.

ABA files amicus brief urging U.S. District Court of Oregon to enjoin Oregon’s rate opt-out law

ABA files amicus brief urging U.S. District Court of Oregon to enjoin Oregon’s rate opt-out law

Uncategorized
August 5, 2026

ABA filed a coalition amicus brief urging the U.S. District Court of Oregon to grant a preliminary injunction to prevent Oregon from enforcing its “rate opt-out law.”

Post-Cantero, Ninth Circuit rules NBA does not preempt California’s interest-on-escrow law

ABA files amicus brief urging U.S. Supreme Court to settle circuit split on NBA preemption for interest on escrow laws

Uncategorized
August 5, 2026

ABA filed a coalition amicus brief urging the U.S. Supreme Court to review a Ninth Circuit decision holding that the National Bank Act does not preempt California’s interest-on-escrow law.

NEWSBYTES

Bank survey finds widespread cybersecurity concerns among small business owners

August 17, 2026

Preliminary: Consumer sentiment fell in August

August 14, 2026

State attorneys general express support for ATM crime bill

August 14, 2026

SPONSORED CONTENT

Beyond Surveillance: Rethinking Security for Modern Financial Institutions

Beyond Surveillance: Rethinking Security for Modern Financial Institutions

August 12, 2026
Relationship Banking at Scale: Why Banks Need The Digital Sales & Service Platform

Relationship Banking at Scale: Why Banks Need The Digital Sales & Service Platform

August 1, 2026
Why Your Systems Keep Slowing Down — and What to Do About It

Examiners Are Now Looking at Your Non-Core Systems

June 11, 2026
Your Floorplan Audit and Your Credit Decision Are Weeks Apart. That Gap Has a Price.

Your Floorplan Audit and Your Credit Decision Are Weeks Apart. That Gap Has a Price.

June 1, 2026

PODCASTS

Podcast: Banking the brave new world of college athletics

August 4, 2026

Podcast: Tactics for meaningful strategic planning

July 28, 2026

Podcast: Why it might be time to revisit a key FDIC ratio

July 23, 2026

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

© 2026 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

© 2026 American Bankers Association. All rights reserved.