Compliance News
Regulatory and enforcement updates that affect vendor validation and 1099 reporting: IRS notices and OFAC sanctions actions, collected here as they are published so your team doesn't have to watch several feeds. Every item links back to the original announcement.
Issuance of Amended Venezuela General Licenses
Recent Actions Body The Department of the Treasury's Office of Foreign Assets Control (OFAC) is issuing Venezuela-related General License 46E, "Authorizing Certain Activities Involving...
Publication of Regulatory Amendments; Publication of Report for Licensing Activities Undertaken Pursuant to the Trade Sanctions Reform and Export Enhancement Act (TSRA)
Recent Actions Body The Department of the Treasury’s Office of Foreign Assets Control (OFAC) is consolidating previously existing information regarding enforcement...
Democratic Republic of the Congo-related Designations Removals
OLENGA, Francois (Latin: OLENGA, François) (a.k.a. OKUNJI, Francois (Latin: OKUNJI, François); a.k.a. OLENGA TATE, Francois; a.k.a. OLENGA TETE, Francois (Latin: OLENGA TETE, François); a.k.a. OTSHUNDI, Francois (Latin:...
Expiration of Emergency With Respect to the Situation in Ethiopia; Ethiopia-related Designations Removals; Issuance of Amended Russia-related General License and Associated Frequently Asked Questions
The national emergency declared in Executive Order (E.O.) 14046 of September 17, 2021, "Imposing Sanctions on Certain Persons With Respect to the Humanitarian and Human Rights Crisis in Ethiopia," has expired.Following...
Russia-related Designations Removals; Counter Narcotics Designation Removal; Issuance of Amended Venezuela General License and Frequently Asked Question
Recent Actions Body The Department of the Treasury's Office of Foreign Assets Control (OFAC) is issuing Venezuela-related General License 5Z, "Authorizing Certain...
Iran-related Designations; Cuba Designations; Belarus-related Designations Removals
Specially Designated Nationals List UpdatesThe following individuals have been added to OFAC's SDN List:CANCIO MONTEAGUDO, Joaquin Francisco, 58 #2906 Eyrpto, Playa, Havana, Cuba; DOB 16 Sep 1945; nationality Cuba;...
Iran-related Designation; Issuance of Amended Venezuela-related General License and Frequently Asked Question
The Department of the Treasury's Office of Foreign Assets Control (OFAC) is issuing Venezuela-related General License 52C, "Authorizing Certain Transactions Involving Petróleos de Venezuela, S.A." OFAC is also issuing...
Iran-related and Counter Terrorism Designations; Licensing Policy Update under Operation Economic Outcast; Settlement Agreement between OFAC and an Individual
The Department of the Treasury's Office of Foreign Assets Control (OFAC) is issuing a licensing policy update, an enforcement action, and updates to the list of Specially Designated Nationals and Blocked Persons (SDN...
Transnational Criminal Organizations Designations; Counter Terrorism Designation; Issuance of New and Amended Frequently Asked Questions
The Department of the Treasury's Office of Foreign Assets Control (OFAC) is amending several Frequently Asked Questions (FAQs) today ( 5, 13, 51, 58, 59, 74, 75, 76, 77, and 78) as part of its ongoing process...
Iran-related Designations; Counter Terrorism Designations; Updates to Iran-related General Licenses; Issuance of Counter Terrorism General License
The Department of the Treasury's Office of Foreign Assets Control (OFAC) is implementing the following actions with regard to its Iran sanctions programs:Issuing Counter Terrorism General License 37, "Authorizing the...
Iran-related Designations; Issuance of Iran-related General License
Press Release Link Recent Actions Body The Department of the Treasury's Office of Foreign Assets Control (OFAC) is issuing Iran General License CC,...
Reminder to file the 2026 Annual Report of Blocked Property; Issuance of Amended Venezuela-related General Licenses and Frequently Asked Question
Recent Actions Body On July 1, 2026, the Office of Foreign Assets Control (OFAC) issued a recent actions notice, reminding U.S. persons holding blocked property as of...
Cuba Designations; Russia-related Designation Removal; Issuance of Amended Cuba General License
The Department of the Treasury's Office of Foreign Assets Control (OFAC) is issuing Cuba General License 4A, "Authorizing Transactions for Third-Country Diplomatic and Consular Missions in Cuba."Specially Designated...
Iran-related and Counter Terrorism Designations
Press Release Link Recent Actions Body Specially Designated Nationals List UpdatesThe following individual has been added to OFAC's SDN List:TAEEDI, Reza...
Issuance of Amended Venezuela-related General Licenses and Associated Frequently Asked Questions
Recent Actions Body The Department of the Treasury's Office of Foreign Assets Control (OFAC) is issuing Venezuela-related General License 46D, "Authorizing Certain...
Counter Terrorism Designations; Issuance of Counter Terrorism General License; Issuance of Amended Russia-related General License
Press Release Link Recent Actions Body The Department of the Treasury's Office of Foreign Assets Control (OFAC) is issuing Counter Terrorism General License...
Removal of Syria's designation as a State Sponsor of Terrorism and Associated Sanctions List Updates; Iran-related Designations; Updates to Iran-related General Licenses
In line with President Trump's promise to deliver sanctions relief to Syria, the U.S. Department of State today removed Syria's designation as a State Sponsor of Terrorism. Accordingly, Syria is no longer subject to...
Issuance of Venezuela-related General Licenses and Associated Frequently Asked Question
Recent Actions Body The Department of the Treasury's Office of Foreign Assets Control (OFAC) is issuing Venezuela General License 61 - Authorizing the Supply of...
Counter Narcotics, Counter Terrorism, Cuba-related, and Iran-related Designations; Issuance of Russia-related General License; Issuance of Associated Frequently Asked Questions
The Department of the Treasury's Office of Foreign Assets Control (OFAC) is issuing Russia-related General License 131I, "Authorizing Certain Transactions for the Negotiation of and Entry Into Contingent Contracts for...
International Criminal Court-related Designations; Venezuela-related Designation; Issuance of International Criminal Court-related General License
Recent Actions Body Specially Designated Nationals List UpdatesThe Department of the Treasury's Office of Foreign Assets Control (OFAC) is issuing International...