The Office of Foreign Assets Control announced the following sanctions action last week.
Russia-related Sanctions
OFAC imposes $4.68 million penalty for Russia sanctions violations: On November 24, OFAC levied a $4,677,552 penalty—the statutory maximum—on a U.S. individual for violating Russia-related sanctions and failing to comply with an OFAC subpoena. This enforcement action underscores that all U.S. persons, including individual investors and those in real estate, must comply with OFAC regulations. Read more.
OFAC removes several names from SDN List: OFAC on November 25 deleted multiple individuals and entities previously designated under E.O. 14024 (Russia-related sanctions). The removals include Demetrios Serghides (and associated aliases), Omnia Services Cyprus Ltd, Hightrail Ltd, Omnia Antibes, and several other Cyprus-based individuals and companies. These changes reflect updates to OFAC’s sanctions list. Read more.
Foreign Terrorist Organization Sanctions
- Cartel de los Soles (Venezuela): Target type updated to include Foreign Terrorist Organization (FTO) in addition to SDGT.
- Rolan Sokolovski (Canada): Minor technical update; remains designated under E.O. 14059 (Illicit Drug Trade) and linked to Ryan James Wedding. Read more. Read the Department of State’s news release regarding terrorist designations of Cartel de los Soles.
