The agency imposed penalties on a company it blamed for supporting the Chinese hacking group Flax Typhoon in a 2022-23 infiltration.
Tag: Office of Foreign Assets Control (United States Treasury)
U.S. Allows Americans to Hold Foreign Conferences With Speakers Under Sanctions
Reversing itself, the Treasury Department said U.S. sanctions do not prohibit hearing from foreigners deemed to be terrorists or other offenders.
Biden Moves to Open U.S. Banks to Cuba’s Private Sector
The rules will allow Cuban entrepreneurs to open bank accounts in the United States, making it easier for them to expand and encouraging other Cubans to start businesses.
Kraken, a U.S. Crypto Exchange, Is Suspected of Violating Sanctions
The Treasury Department is investigating whether the crypto exchange allowed users in Iran to buy and sell digital tokens, said people with knowledge of the matter.
What Will Happen if Russia Defaults on Its Debt?
The ultimate arbiter of a sovereign default is an open question but markets may have the final word.
Iran Pays Delinquent U.N. Dues, Getting Its Vote Back
The $16.2 million was drawn from Iranian money in a Korean bank that had been frozen by U.S. sanctions but was freed to pay the dues — apparently a conciliatory signal by the Biden administration.
U.N. Suspends Iran’s Voting Rights for Delinquent Dues. Iran is Furious.
Iran and four other countries were disqualified from voting in the General Assembly because they haven’t paid dues for two years. Iran blamed sanctions imposed by the Trump administration.
Iran’s Oil Exports Rise as U.S. Looks to Rejoin Nuclear Accord
The effectiveness of U.S. sanctions is being called into question as Iran and its oil buyers test whether penalties are worth the risk amid diplomatic negotiations.
U.S. Imposes Sanctions on Iran’s Oil Sector
The Trump administration is trying to fortify its campaign of maximum pressure against Iran from being reversed by a potential Biden administration.
Trump’s Syria Sanctions ‘Cannot Solve the Problem,’ Critics Say
Without a broader diplomatic effort, the newest and toughest penalties will worsen a humanitarian crisis without forcing a leadership change, experts say.