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Recent news from Treasury’s Office of Foreign Assets Control: November 3

November 3, 2025
Reading Time: 2 mins read
Recent news from Treasury’s Office of Foreign Assets Control: April 5

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

Transnational Criminal Organization-related Sanctions

OFAC Sanctions Bhardwaj Human Smuggling Network: On October 30, OFAC sanctioned the Bhardwaj Human Smuggling Organization (HSO), a transnational criminal group based in Cancún, Mexico. The action targets the group’s leader, Vikrant Bhardwaj, three associates, and 16 affiliated companies.

The Bhardwaj HSO is accused of smuggling thousands of migrants from multiple regions into the U.S., and engaging in drug trafficking, bribery, and money laundering. OFAC’s action was taken pursuant to Executive Order 13581, as amended by E.O. 13863, which targets transnational criminal organizations. Read more.

Balkans-related Sanctions

OFAC update: Sanctions adjustments and new license issued: On October 29 OFAC made several key updates:

  • New Russia-Related General License Issued: OFAC released General License 129, which authorizes certain transactions involving Rosneft Deutschland GmbH and RN Refining & Marketing GmbH.
  • Updated Guidance: One Frequently Asked Question (FAQ 1216) has been amended to reflect the new license and clarify compliance expectations.
  • Sanctions List Changes: OFAC has removed multiple individuals and entities from the Specially Designated Nationals (SDN) List. These removals are primarily related to the Balkans, including:
    • Milorad Dodik, a political figure from Republika Srpska, Bosnia and Herzegovina.
    • Several media outlets and businesses linked to Dodik and his associates.
    • Other individuals and entities previously designated under Executive Order 14033.

These actions reflect ongoing adjustments in U.S. foreign policy and sanctions enforcement. Read more.

Tags: Anti-money launderingOFACSanctions
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