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Treasury Sanctions

All articles tagged with #treasury sanctions

world5 months ago•9 min saved

US Sanctions Target Mexican Cartel and Timeshare Fraud Schemes

The U.S. Department of the Treasury has sanctioned four Mexican individuals and 13 companies linked to timeshare fraud in Puerto Vallarta, Mexico, which is controlled by the violent CJNG cartel. These schemes target U.S. victims, especially the elderly, through complex scams involving false offers and impersonations, generating significant revenue for CJNG, which also engages in drug trafficking and other illicit activities. The sanctions aim to disrupt CJNG's diverse revenue streams and protect U.S. citizens from fraud.

via U.S. Department of the Treasury (.gov)|

#cjng #mexico #timeshare-fraud

world5 months ago•6 min saved

US Treasury Sanctions Mexican Cartel Members and Rapper El Makabelico

The U.S. Treasury has sanctioned key members and an associate of the violent Mexican cartel Cartel del Noreste (formerly Los Zetas), targeting their roles in drug trafficking, violence, and human smuggling, with efforts to disrupt their operations and revenue streams.

via U.S. Department of the Treasury (.gov)|

#cartel-del-noreste #drug-trafficking #fentanyl

world6 months ago•5 min saved

U.S. Treasury Sanctions Leaders of Tren de Aragua Gang

The U.S. Department of the Treasury has sanctioned Hector Guerrero and five other leaders of Tren de Aragua, a Venezuelan-originated terrorist organization involved in drug trafficking, human smuggling, extortion, and other criminal activities, aiming to dismantle its influence across the Western Hemisphere.

via U.S. Department of the Treasury (.gov)|

#drug-trafficking #organized-crime #treasury-sanctions

international-relations1 year ago•5 min saved

US Imposes Sanctions on Entities Linked to Russian Malign Activities in Africa

The US Department of the Treasury's Office of Foreign Assets Control (OFAC) has sanctioned two companies, one in Russia and one in the Central African Republic (CAR), for their involvement in advancing Russia's malign activities in CAR. The sanctioned companies have played a significant role in supporting the Private Military Company 'Wagner' and the activities of the Russian Federation in Africa, particularly through illicit natural resource extraction and financial support. The Wagner Group, a proxy military force of the Kremlin, has been involved in widespread human rights abuses and appropriation of natural resources across multiple African countries. The sanctions aim to disrupt the networks enabling Russia's illicit and destabilizing activities in Africa.

via Treasury|

#africa #international-relations #malign-activities

international-relations1 year ago•4 min saved

"U.S. Imposes Sanctions on Network Smuggling Technology to Iran's Central Bank"

The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) has sanctioned a procurement network involved in illegally exporting goods and technology from over two dozen U.S. companies to Iran, including the Central Bank of Iran (CBI), which supports the Islamic Revolutionary Guard Corps-Qods Force (IRGC-QF) and Hizballah. The sanctions target three individuals and four entities tied to the procurement of sophisticated U.S. technology for CBI in violation of U.S. export restrictions and sanctions. This action is taken pursuant to the counterterrorism authority Executive Order (E.O.) 13224, as amended, and all property and interests in property of the designated persons in the U.S. are blocked.

via Treasury|

#central-bank-of-iran #export-restrictions #international-relations

international-relations1 year ago•3 min saved

"US Imposes Sanctions on Iranian Actors for Cyber Attacks and Drone Programs"

The US Department of the Treasury's Office of Foreign Assets Control (OFAC) has sanctioned six officials in the Iranian Islamic Revolutionary Guard Corps Cyber-Electronic Command (IRGC-CEC) for their involvement in malicious cyber activities targeting critical infrastructure in the United States and other countries. The sanctions are in response to recent cyber operations by IRGC-affiliated actors, including hacking programmable logic controllers manufactured by an Israeli company. The US cautions that such cyber operations can have devastating consequences and is taking action to hold the perpetrators accountable.

via Treasury|

#critical-infrastructure #cybersecurity #international-relations

cybersecurity2 years ago•4 min saved

US Treasury Sanctions Sinbad Crypto Mixer for North Korean Money Laundering

The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) has sanctioned Sinbad.io, a virtual currency mixer used by the Lazarus Group, a state-sponsored cyber hacking group from North Korea, to launder stolen virtual currency. Sinbad has processed millions of dollars' worth of virtual currency from Lazarus Group heists and is also used for illicit activities such as sanctions evasion, drug trafficking, and the purchase of child sexual abuse materials. This designation builds on previous actions taken by OFAC to expose elements of the virtual currency ecosystem used by malicious cyber actors.

via Treasury|

#cybercrime #cybersecurity #lazarus-group