Compliance News

Russia-related Designation Removal

SPECIALLY DESIGNATED NATIONALS LIST UPDATEThe following deletions have been made to OFAC's SDN List: GLOBE TREKKERS LLC, Salah Al Din Street 131, Dubai, United Arab Emirates; PO Box 32276, M01, Saif...

OFACPosted: Mar 07, 2026

Venezuela-related Designations Removals; Issuance of Amended Russia-related General License

The Department of the Treasury's Office of Foreign Assets Control (OFAC) is issuing Russia-related General License 129A, "Authorizing Transactions Involving Rosneft Deutschland GmbH and RN Refining &...

OFACPosted: Mar 06, 2026

Issuance of Venezuela-related Frequently Asked Questions

OFACPosted: Mar 05, 2026

Democratic Republic of the Congo-related Designations; Issuance of Associated General License

The Department of the Treasury's Office of Foreign Assets Control (OFAC) is issuing DRC-related General License 1, "Authorizing the Wind Down of Transactions Involving the Rwanda Defence Force."Additionally, OFAC has updated its Specially Designated...

OFACPosted: Mar 02, 2026

Russia-related Designations Removals; Lebanon Designation Removal

SPECIALLY DESIGNATED NATIONALS LIST UPDATEThe following deletions have been made to OFAC's SDN List:KHOURY, Dany (Arabic: داني خوري), Lebanon; DOB 02 May 1967; POB Ramhala, Lebanon; nationality...

OFACPosted: Feb 28, 2026

Iran-related Designations; Non-Proliferation Designations

ABEDINI, Mohammad, Iran; DOB 27 Aug 1995; nationality Iran; Additional Sanctions Information - Subject to Secondary Sanctions; Gender Male; Passport T54523589 (Iran); National ID No. 5100152982 (Iran) (individual) [IRAN-CON-ARMS-EO] (Linked To: QODS...

OFACPosted: Feb 25, 2026

Cyber-related Designations; CAATSA - Russia-related Designations; PAIPA Designations

Specially Designated Nationals List UpdateThe following individuals have been added to OFAC's SDN List:KUCHEROV, Oleg Vyacheslavovich (a.k.a. "GABR"), Samara, Russia; DOB 03 Jun 1973; POB Togliatti, Russia; nationality Russia; Gender Male; Secondary...

OFACPosted: Feb 24, 2026

Counter Terrorism and Counter Narcotics Designations; Sudan-related Designations and Designation Update; Russia-related Designation Update; Issuance of Counter Terrorism General License

The Department of the Treasury's Office of Foreign Assets Control (OFAC) is issuing Counter Terrorism General License 34, "Authorizing the Wind Down of Transactions Involving Kovay Gardens."Additionally, OFAC has updated the Specially Designated...

OFACPosted: Feb 19, 2026

Counter Terrorism Designations

Specially Designated Nationals List UpdateThe following individuals have been added to OFAC's SDN List:BORISOV, Andrey Viktorovich, 21-2-264 Yasnogorskaya Str., Moscow...

OFACPosted: Feb 11, 2026

Iran-related Designations

OZSUREN, Mehmet, United Kingdom; DOB 01 Sep 1960; POB Turkey; nationality Turkey; Gender Male; Executive Order 13846 information: BLOCKING PROPERTY AND INTERESTS IN PROPERTY.  Sec. 5(a)(iv); Passport 203970 (Turkey) (individual) [IRAN-EO13846]...

OFACPosted: Feb 06, 2026

Issuance of Venezuela-related General License

An official website of the United States government U.S. Department of the Treasury ...

OFACPosted: Feb 04, 2026

Issuance of Venezuela-related General License and Amended Frequently Asked Question

The Department of the Treasury's Office of Foreign Assets Control (OFAC) is issuing Venezuela-related General License 5U, "Authorizing Certain Transactions Related to the Petróleos de Venezuela, S.A....

OFACPosted: Feb 02, 2026

Issuance of Venezuela-related General License

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OFACPosted: Jan 30, 2026

IRS requests applications for 2026 ETAAC membership

IR-2026-18, Jan. 29, 2026 WASHINGTON — The Internal Revenue Service is accepting applications for the Electronic Tax Administration Advisory Committee through Feb. 28, 2026. The ETAAC is an organized public...

IRSPosted: Jan 29, 2026

Counter Terrorism Designations and Designations Removals

Specially Designated Nationals List UpdateThe following individual has been added to OFAC's SDN List:BIRAWI, Zaher Khaled Hassan (Arabic: زاهر خالد حسن بيرواي) (a.k.a. "Abu...

OFACPosted: Jan 24, 2026

Counter Narcotics Designations

Specially Designated Nationals List UpdateThe following individuals have been added to OFAC's SDN List:MC DONAL RODRIGUEZ, Anita Yorleny (a.k.a. MCDONALD RODRIGUEZ, Anita),...

OFACPosted: Jan 24, 2026

Counter Terrorism Designations

Specially Designated Nationals List UpdateThe following individual has been added to OFAC's SDN List:TAQQOSH, Muhammad Fawzi (Arabic: محمد فوزي طقوش) (a.k.a. TAKKOUSH,...

OFACPosted: Jan 21, 2026

Counter Terrorism Designations and Designation Update

Specially Designated Nationals List UpdateThe following individuals have been added to OFAC's SDN List:ADRISS, Ahmad (Arabic: أحمد إدريس), Syria; DOB 05 Jan 1986; POB Tartous, Syria; nationality Syria; Gender Male; Secondary sanctions risk: section...

OFACPosted: Jan 16, 2026

Iran-related Designations

ABBASPOUR QOMI, Bashir (a.k.a. ABBASPOUR GHOMI, Bashir), Tehran, Iran; DOB 25 Nov 1965; POB Babol, Iran; nationality Iran; Additional Sanctions Information - Subject to Secondary Sanctions; Gender Male; National ID No. 2061931111 (Iran) (individual)...

OFACPosted: Jan 15, 2026

Treasury, IRS issue guidance on the additional first year depreciation deduction amended as part of the One, Big, Beautiful Bill

Treasury, IRS issue guidance on the additional first year depreciation deduction amended as part of the One, Big, Beautiful Bill IR-2026-06, Jan. 14, 2026 WASHINGTON — The Department of the Treasury and the...

IRSPosted: Jan 14, 2026

Issuance of Amended Russia-related General License; Publication of Amended Russia-related Frequently Asked Questions

The Department of the Treasury's Office of Foreign Assets Control (OFAC) is issuing Russia-related General License 131B, "Authorizing Certain Transactions for the Negotiation of and Entry Into...

OFACPosted: Jan 14, 2026

Treasury, IRS issue proposed regulations reflecting changes from the One, Big, Beautiful Bill to the threshold for backup withholding on certain payments made through third parties

Treasury, IRS issue proposed regulations reflecting changes from the One, Big, Beautiful Bill to the threshold for backup withholding on certain payments made through third partiesIR-2026-03, Jan. 08,...

IRSPosted: Jan 08, 2026

Russia-related Designation Update and Designation Removal

Specially Designated Nationals List UpdateThe following deletions have been made to OFAC's SDN List:KAMPERI, Kyriaki Demetriou (Greek: ΚΑΜΠΕΡΗ, Κυριακη Δημητριου) (a.k.a. KAMPERI, Koulla Demetriou; a.k.a. KAMPERI, Kyriakou Demetriou), 35 Grosvenor...

OFACPosted: Jan 08, 2026

Counter Terrorism Designation Update

Specially Designated Nationals List UpdateThe following changes have been made to OFAC's SDN List:CLAN DEL GOLFO (a.k.a. BANDA CRIMINAL DE URABA; a.k.a. CLAN USUGA; a.k.a....

OFACPosted: Jan 05, 2026

Transnational Criminal Organizations Designations; Issuance of Amended Russia-related General Licenses; Publication of Updated Russia-related Frequently Asked Questions

The Department of the Treasury's Office of Foreign Assets Control (OFAC) is issuing Russia-related General License 55E, "Authorizing Certain Services Related to Sakhalin-2;"...

OFACPosted: Jan 05, 2026

Venezuela-related Designations

Venezuela-related Designations Specially Designated Nationals List UpdateThe following entities have been added to OFAC's SDN...

OFACPosted: Jan 05, 2026

IRS updates frequently asked questions on changes to the Limitation on the Deduction for Business Interest Expense

IR-2025-126, Dec. 23, 2025WASHINGTON — The Internal Revenue Service today updated frequently asked questions in Fact Sheet 2025-09 PDF regarding changes to the limitation on the deduction for business interest...

IRSPosted: Dec 23, 2025

IRS seeks public comment on Voluntary Disclosure Practice proposal

WASHINGTON — The Internal Revenue Service today opened a 90-day public comment period, ending March 22, 2026, for proposed updates to its Voluntary Disclosure Practice, including a more streamlined penalty...

IRSPosted: Dec 22, 2025

Venezuela-related Designations; Issuance of Venezuela-related General License; Publication of Amended Venezuela-related Frequently Asked Question

The Department of the Treasury's Office of Foreign Assets Control (OFAC) is issuing Venezuela-related General License 5T, "Authorizing Certain Transactions Related to the Petróleos de Venezuela, S.A. 2020 8.5 Percent Bond on or After February 3,...

OFACPosted: Dec 19, 2025

Treasury, IRS allow States to make an Advance Election to participate in the new federal tax credit for individual contributions to Scholarship Granting Organizations under the One, Big, Beautiful Bill

IR-2025-121, Dec. 12, 2025 WASHINGTON — The Department of the Treasury and the Internal Revenue Service today issued Revenue Procedure 2026-6 PDF allowing States, including the District of Columbia, to make an...

IRSPosted: Dec 12, 2025

IRS and Security Summit partners announce 10th Annual National Tax Security Awareness Week

IR-2025-118, Dec. 3, 2025 WASHINGTON —The Internal Revenue Service working with the Security Summit partners today announced that the 10th National Tax Security Awareness Week began this week to raise awareness...

IRSPosted: Dec 03, 2025

Interest rates remain the same for the first quarter of 2026

IR-2025-112, Nov. 13, 2025 WASHINGTON — The Internal Revenue Service today announced that...

IRSPosted: Nov 13, 2025

Iran-related Designations; Russia-related Designation Removal

BHATT, Niti Unmesh, B-901, Navbahar, Lalubhai Park Road, Vile Parle West, Mumbai, Maharashtra 400056, India; DOB 06 May 1987; POB Mumbai, Maharashtra, India; nationality India; Gender Female; Executive Order 13846 information: BLOCKING PROPERTY AND...

OFACPosted: Oct 09, 2025

Counter Terrorism and Counter Narcotics Designations and Designation Update; Global Magnitsky Designations Removals

CONDE URAGA, Martha Emilia (a.k.a. "Martita"), Culiacan, Sinaloa, Mexico; DOB 09 Aug 1962; POB Sinaloa, Mexico; nationality Mexico; Gender Female; Secondary sanctions risk: section 1(b) of Executive Order 13224, as amended by Executive Order 13886;...

OFACPosted: Oct 06, 2025

Non-Proliferation Designations and Designation Update

Specially Designated Nationals List UpdateThe following individuals have been added to OFAC's SDN List:BAKOUEI, Ali (a.k.a. BAKOUIE, Ali; a.k.a. BAKU'I ZEINOLABEDIN, Ali; a.k.a. BAKU'I, Ali), Tehran, Iran; DOB 21 Mar 1966; POB Qom, Iran; nationality...

OFACPosted: Oct 01, 2025

Counter Terrorism Designations Updates

Specially Designated Nationals List UpdateThe following changes have been made to OFAC's SDN List: HARAKAT AL-NUJABA (a.k.a. AL-HAMAD BRIGADE; a.k.a. AL-NUJABA TV; a.k.a....

OFACPosted: Sep 29, 2025

Notice of New Report Form for Unblocked or Transferred Property

The Department of the Treasury's Office of Foreign Assets Control (OFAC) has published a new Unblocking/Transfer Report Form TD F 93.10 to support compliance with reporting requirements under 31 C.F.R....

OFACPosted: Sep 29, 2025

Global Magnitsky Designations

Specially Designated Nationals List UpdateThe following individual has been added to OFAC's SDN List:BARCI DE MORAES, Viviane (a.k.a. BARCI, Viviane), Brazil; DOB 16 Jan...

OFACPosted: Sep 29, 2025

Counter Narcotics Designations; Publication of Amendments to the Syria-Related Sanctions Regulations

The Department of the Treasury's Office of Foreign Assets Control (OFAC) is issuing a final rule amending the Syria-Related Sanctions Regulations, 31 CFR Part 569, to, among...

OFACPosted: Sep 29, 2025

Issuance of Amended Russia-related General License; Publication of Amended Russia-related Frequently Asked Questions

The Department of the Treasury's Office of Foreign Assets Control (OFAC) is issuing Russia-related General License 13O, "Authorizing Certain Administrative Transactions Prohibited by Directive 4 under...

OFACPosted: Sep 29, 2025

North Korea and Burma-related Designations

Specially Designated Nationals List UpdateThe following individuals have been added to OFAC's SDN List:AUNG, Tin Myo, Burma; DOB 03 Dec 1972; POB Taungoo, Burma; nationality Burma; Gender Male; Secondary sanctions risk: North Korea Sanctions...

OFACPosted: Sep 25, 2025

Counter Terrorism Designation

BARRIO 18 (a.k.a. "CALLE 18"; a.k.a. "SURENOS"; a.k.a. "THE REVOLUTIONARIES"), El Salvador; Guatemala; Honduras; United States; Italy; Canada; Secondary sanctions risk: section 1(b) of Executive Order 13224, as amended by Executive Order 13886;...

OFACPosted: Sep 23, 2025

International Criminal Court-Related Designations; Issuance of International Criminal Court-Related General License

The Department of the Treasury's Office of Foreign Assets Control (OFAC) is issuing International Criminal Court-related General License 9, "Authorizing the Wind Down of...

OFACPosted: Aug 21, 2025

Counter Narcotics Designations and Designation Removal; Counter Terrorism, Global Magnitsky, and Russia-related Designation Updates

Specially Designated Nationals List UpdateThe following individuals have been added to OFAC's SDN List:ARIAS MONGE, Alejandro (a.k.a. "Diablo"), Limon, Costa Rica; DOB 19 Sep 1984; POB Guapiles Pococi, Limon, Costa Rica; nationality Costa Rica;...

OFACPosted: Aug 18, 2025

Democratic Republic of the Congo-related Designations

Specially Designated Nationals List UpdateThe following entities have been added to OFAC's SDN List: COALITION OF CONGOLESE PATRIOTIC RESISTANCE-FORCE DE FRAPPE (a.k.a....

OFACPosted: Aug 13, 2025

Counter Narcotics and Counter Terrorism Designations

Specially Designated Nationals List UpdateThe following individual has been added to OFAC's SDN List:IBARRA DIAZ JR., Michael, Puerto Vallarta, Jalisco, Mexico; DOB 01 Jan 1980; POB Puerto Vallarta, Jalisco, Mexico; nationality Mexico; Gender Male;...

OFACPosted: Aug 13, 2025

Counter Terrorism Designation Update

Specially Designated Nationals List UpdateThe following changes have been made to OFAC's SDN List:BALOCHISTAN LIBERATION ARMY (a.k.a. BALOCH LIBERATION ARMY; a.k.a. "BLA"),...

OFACPosted: Aug 12, 2025

Non-Proliferation Designations

ALIZADEH HOSHYAR, Javad (Arabic: جواد عليزاده هوشيار) (a.k.a. ALIZADE HOUSHYAR, Javad; a.k.a. ALIZADEH HOSHYAR, Javad Saeid; a.k.a. ALIZADEH HUSHYAR, Javad; a.k.a. ALIZADEH-HOSHIAR, Javad), Iran; DOB 24 Aug 1976; POB Iran; nationality Iran;...

OFACPosted: Jul 31, 2025

Global Magnitsky Designation

Specially Designated Nationals List UpdateThe following individual has been added to OFAC's SDN List:DE MORAES, Alexandre, Brazil; DOB 03 Dec 1968; POB Sao Paulo, Brazil;...

OFACPosted: Jul 30, 2025

Counter Terrorism Designation

Specially Designated Nationals List UpdateThe following entity has been added to OFAC's SDN List:CARTEL DE LOS SOLES (a.k.a. CARTEL OF THE SUNS), Venezuela; Secondary sanctions risk: section 1(b) of...

OFACPosted: Jul 25, 2025

North Korea and Non-Proliferation Designations; Burma-related and North Korea Designation Removals

JO, Kyong Hun (Hangul: 조경훈) (a.k.a. CHO, Kyo'ng-hun), Korea, North; DOB 19 Jun 1990; POB Pyongyang, North Korea; nationality Korea, North; Gender Male; Secondary sanctions risk: North Korea Sanctions Regulations, sections 510.201 and 510.210;...

OFACPosted: Jul 24, 2025

Counter Terrorism Designations and Designation Update; Transnational Criminal Organizations Designations

Specially Designated Nationals List UpdateThe following individuals have been added to OFAC's SDN List:CASTILLO RONDON, Felix Anner (a.k.a. "Arnel"; a.k.a. "Pure Arnel"), Peru; Venezuela; DOB 12 Jan 1984; nationality Venezuela; Gender Male;...

OFACPosted: Jul 17, 2025

Settlement Agreement between the U.S. Department of the Treasury's Office of Foreign Assets Control and Key Holding, LLC

The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) today announced a $608,825 settlement with Key Holding, LLC. Key Holding agreed to settle its potential civil liability for...

OFACPosted: Jul 11, 2025

Issuance of Amended Venezuela-related General License

An official website of the United States government U.S. Department of the Treasury ...

OFACPosted: Jul 11, 2025

Issuance of Amended Russia-related General License; Publication of Updated Russia-related Frequently Asked Questions

The Department of the Treasury's Office of Foreign Assets Control (OFAC) is issuing Russia-related General License 13N, "Authorizing Certain Administrative Transactions Prohibited by Directive 4 under...

OFACPosted: Jul 08, 2025

Cyber-related Designations; CAATSA - Russia-related Designations; Russia-related Designation Update and Removal

Specially Designated Nationals List UpdateThe following individuals have been added to OFAC's SDN List:BOZOYAN, Yurii Meruzhanovich, St. Petersburg, Russia; DOB 30 Jan 1992; nationality Russia; Gender Male; Secondary sanctions risk:...

OFACPosted: Jul 01, 2025

Counter Terrorism Designations and Designation Update; Iran-related Designation Update

Specially Designated Nationals List UpdateThe following entities have been added to OFAC's SDN List:BAGSAK SHIPPING INC, Mauritius; Secondary sanctions risk: section 1(b) of Executive Order 13224, as amended by Executive Order 13886; Organization...

OFACPosted: Apr 28, 2025

Iran-related Designations

Specially Designated Nationals List UpdateThe following individuals have been added to OFAC's SDN List:EMAMJOMEH, Meisam (Arabic: میثم امام جمعه) (a.k.a. EMAMJOME, Meisam), United Arab Emirates; DOB 14 Feb 1980; POB Iran; nationality Iran; alt....

OFACPosted: Apr 22, 2025

Counter Terrorism Designations; Issuance of Counter Terrorism General License

The Department of the Treasury's Office of Foreign Assets Control (OFAC) has issued Counter Terrorism General License 33, "Authorizing the Wind Down of Transactions Involving...

OFACPosted: Apr 18, 2025

Iran-related Designations; Publication of Updated Iran Shipping Advisory

Today, the Department of the Treasury's Office of Foreign Assets Control (OFAC) has issued an Advisory for Shipping and Maritime Stakeholders on Detecting and Mitigating Iranian Oil Sanctions Evasion.Additionally, OFAC has updated its Specially...

OFACPosted: Apr 16, 2025

Counter Terrorism Designations; Counter Narcotics Designations and Designation Updates; Global Magnitsky Designation Removal

Specially Designated Nationals List UpdateThe following individuals have been added to OFAC's SDN List:HURTADO OLASCOAGA, Adita (a.k.a. "La Venadita"), Mexico; DOB 06 Sep 1975; POB Guerrero, Mexico; nationality Mexico; Gender Female; Secondary...

OFACPosted: Apr 15, 2025

Counter Narcotics, Non-Proliferation, and Iran-related Designations

Specially Designated Nationals List UpdateThe following individuals have been added to OFAC's SDN List:BELTRAN GUZMAN, Jesus Alfredo (a.k.a. "Alfredito"; a.k.a. "El...

OFACPosted: Apr 10, 2025

Iran-related Designations

Specially Designated Nationals List UpdateThe following individual has been added to OFAC's SDN List: BRAR, Jugwinder Singh, Dubai, United Arab Emirates; DOB 15 Mar 1962; POB Kot Kapura, India; nationality India; Gender Male; Identification Number...

OFACPosted: Apr 10, 2025

Counter Terrorism Designations; Counter Narcotics Designations; Hong Kong-related Designations

Specially Designated Nationals List UpdateThe following individuals have been added to OFAC's SDN List:AMADOR VALENZUELA, Christian Noe, Mexicali, Baja California, Mexico; DOB 25 Jul 1988; POB Baja California, Mexico; nationality Mexico; Gender...

OFACPosted: Mar 31, 2025

Hostages and Wrongfully Detained U.S. Nationals Designations

Specially Designated Nationals List UpdateThe following individuals have been added to OFAC's SDN List:DANESHVAR, Taqi (a.k.a. DANESHVAR, Taghi; a.k.a. GHAEMI, Sayyed Taghi;...

OFACPosted: Mar 26, 2025

Issuance of Amended Venezuela-related General License

The Department of the Treasury's Office of Foreign Assets Control (OFAC) is issuing Venezuela General License 41B, "Authorizing the Wind Down of Certain Transactions Related to...

OFACPosted: Mar 25, 2025

Cyber-related Designation Removal; North Korea Designation Update and Removal

Specially Designated Nationals List UpdateThe following deletions have been made to OFAC's SDN List:TORNADO CASH; Website tornado.cash; Digital Currency Address - ETH 0x12D66f87A04A9E220743712cE6d9bB1B5616B8Fc; alt. Digital...

OFACPosted: Mar 22, 2025

Iran-related Designations; Publication of Final Rule to Extend Recordkeeping Requirements

The Department of the Treasury's Office of Foreign Assets Control (OFAC) published the Final Rule to Extend Recordkeeping Requirements from Five to 10 Years, consistent with the extension of the statute of limitations for violations of certain...

OFACPosted: Mar 20, 2025

Transnational Criminal Organizations Designations

Specially Designated Nationals List UpdateThe following individual has been added to OFAC's SDN List:MAJID, Rawa (a.k.a. OTHMAN, Miran Rekawt; a.k.a. "Kurdish Fox"), Iran;...

OFACPosted: Mar 13, 2025

Iran-related Designations

Specially Designated Nationals List UpdateThe following individual has been added to OFAC's SDN List:PAKNEJAD, Mohsen (Arabic: محسن پاک نژاد) (a.k.a. PAKNEZHAD, Mohsen), Tehran, Iran; DOB 12 Jun 1966; POB Central Tehran, Tehran, Iran; nationality...

OFACPosted: Mar 13, 2025

Issuance of Amended Venezuela General License

The Department of the Treasury's Office of Foreign Assets Control (OFAC) has issued Venezuela General License 5R, "Authorizing Certain Transactions Related to the Petróleos de Venezuela, S.A. 2020 8.5...

OFACPosted: Mar 06, 2025

Cyber-related Designations; Counter Terrorism Designations and Designation Update; Issuance of Amended Counter Terrorism General Licenses and New Frequently Asked Question

The Department of the Treasury's Office of Foreign Assets Control (OFAC) has issued Counter Terrorism General License 22A, "Transactions Related to the Provision of Agricultural Commodities, Medicine, Medical Devices, Replacement Parts and...

OFACPosted: Mar 05, 2025

Non-Proliferation Designations; Iran-related Designations

Specially Designated Nationals List UpdateThe following entities have been added to OFAC's SDN List:DDC DEVELOP INDUSTRY HONG KONG LIMITED, Rm 4, 16/F, Ho King Comm. Ctr., 2-16 Fa Yuen St., Mongkok, Kowloon, Hong Kong, China; Additional Sanctions...

OFACPosted: Feb 26, 2025

Issuance of Executive Order Imposing Sanctions on the International Criminal Court; International Criminal Court-related Designation

On February 06, 2025, the President signed Executive Order (E.O.) 14203, "Imposing Sanctions on the International Criminal Court."OFAC has updated its Specially Designated Nationals and Blocked Persons...

OFACPosted: Feb 13, 2025

Don’t wait on hold; use IRS online tools for faster help

Presidents Day weekend is peak time for IRS phone traffic. Skip the wait by visiting IRS.gov. IR-2025-22, Feb. 12, 2025 WASHINGTON — With the 2025 filing season underway and the anticipated high demand for IRS...

IRSPosted: Feb 12, 2025

Cyber-related Designations

Cyber-related Designations Specially Designated Nationals List UpdateThe following individuals have been added to OFAC's SDN List:BOLSHAKOV,...

OFACPosted: Feb 11, 2025

Counter Terrorism Designations; Iran-related Designations; RSS Feed Retirement

The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) has officially retired the OFAC RSS feed.OFAC continues to provide recent actions updates by email. Users can sign up for those email updates at the following link:...

OFACPosted: Feb 06, 2025

2025 tax filing season starts as IRS begins accepting tax returns today; taxpayers have many options for help

IR-2025-18, Jan. 27, 2025 WASHINGTON — The Internal Revenue Service opened the 2025 tax filing season today and is accepting and processing federal individual tax year 2024 returns. During today’s early morning...

IRSPosted: Jan 27, 2025

Termination of Emergency With Respect to the Situation in the West Bank; West Bank-related Designation Removals

On January 20, 2025, the President signed a new Executive Order (E.O.), "Initial Rescissions Of Harmful Executive Orders And Actions," which, among other actions, revoked E.O. 14115, "Imposing Certain Sanctions on Persons Undermining Peace,...

OFACPosted: Jan 24, 2025

Balkans-related, Counter Terrorism, and Cyber-related Designations; Issuance of Counter Terrorism General License; Settlement Agreement between the U.S. Department of the Treasury’s Office of Foreign Assets Control and Haas Automation, Inc.

The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) today announced a $1,044,781 settlement with a California-based manufacturer of machine tools and related parts regarding its potential civil liability for apparent...

OFACPosted: Jan 17, 2025

IRS issues guidance for the District of Columbia and states that have paid family and medical leave programs

IR-2025-16, Jan. 15, 2025 WASHINGTON — The Internal Revenue Service today issued guidance on the income and employment tax treatment of contributions and benefits paid in certain situations under a state paid...

IRSPosted: Jan 16, 2025

Issuance of Syria-related and Cyber-related Executive Orders; North Korea and Sudan Designations; Russia-related Designation Removal; Settlement Agreement between the U.S. Treasury's Office of Foreign Assets Control and Family International Realty LLC

Last night, the President signed a new Executive Order (E.O.), "Taking Additional Steps with Respect to the Situation in Syria." Today, the President signed another new E.O., "Strengthening and Promoting Innovation in the Nation's Cybersecurity."The...

OFACPosted: Jan 16, 2025

IRS reminder: Wage statements and certain information returns due by Jan. 31

IR-2025-15, Jan. 15, 2025 WASHINGTON — As tax filing season nears, the Internal Revenue Service reminds businesses to submit wage statements and certain information returns to the federal government by Jan....

IRSPosted: Jan 15, 2025