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.
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...
Settlement Agreement between the U.S. Department of the Treasury's Office of Foreign Assets Control and Rice Lake Weighing Systems, Inc.
Recent Actions Body The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) today announced a $60,764 settlement with Rice Lake Weighing Systems,...
Counter Terrorism and Iran-related Designations; Counter Narcotics Designations Removals; Issuance of Amended Iran-related Frequently Asked Question
The Department of the Treasury's Office of Foreign Assets Control (OFAC) is issuing an amended Iran-related Frequently Asked Question, FAQ 1257.Additionally, OFAC has updated the Specially Designated Nationals and...
Cuba-related Designations; Issuance of Cuba-related Frequently Asked Question
The Department of the Treasury's Office of Foreign Assets Control (OFAC) is issuing a new Cuba-related Frequently Asked Question, FAQ 1264.Additionally, OFAC has updated the Specially Designated Nationals and Blocked...
Counter Terrorism Designations Removals and Update
FLY BAGHDAD AIRLINES COMPANY (a.k.a. FLY BAGHDAD (Arabic: فلاي بغداد); a.k.a. IRAQ EXPRESS), Hurriya Square, Building 66, Street 25, Sector 925, Babil Neighborhood, Baghdad, Iraq; Jamia Street, Jadriya, Baghdad, Iraq;...
Issuance of Amended Venezuela-related 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 5Y, "Authorizing Certain...
Counter Terrorism Designations; Non-Proliferation Designation Update
Press Release Link Recent Actions Body Specially Designated Nationals List UpdatesThe following individual has been added to OFAC's SDN List:TANG, Xin...
Iran-related Designations
BILLION NEXUS INT'L CO., LIMITED (a.k.a. BILLION NEXUS INT'L CO LTD), Unit 60, 3rd Floor, Yau Lee Centre, 45, Hoi Yuen Road, Kwun Tong, Kowloon, Hong Kong, China; Organization Established Date 22 Jul 2025;...
Sanctions List Removals; Sanctions List Updates
OFAC has made the following updates to its sanctions lists as part of its ongoing effort to remove and update old information on its sanctions lists. As part of this effort, OFAC has consolidated 18 duplicate list...
Iran-related Designations; Issuance of Amended Russia-related General License and Frequently Asked Questions; Issuance of Amended Venezuela-related Frequently Asked Question; Publication of Regulatory Amendments
The Department of the Treasury's Office of Foreign Assets Control (OFAC) is issuing Russia-related General License 131H, "Authorizing Certain Transactions for the Negotiation of and Entry Into Contingent Contracts for...
Counter Terrorism Designations; Counter Narcotics Designations; Cuba Designations; Belarus-related Designation Removal; Issuance of Cuba-related General Licenses
The Department of the Treasury's Office of Foreign Assets Control (OFAC) is issuing Cuba General License 2, "Authorizing the Wind Down of Transactions Involving CEIBA Investments Limited;" Cuba General License 3,...
Russia-related Designations Updates
Recent Actions Body Specially Designated Nationals List UpdatesThe following changes have been made to OFAC's SDN List:A T S HEAVY EQUIPMENT AND MACHINERY SPARE PARTS...
Hong Kong-related Designations Updates and Removals
The national emergency declared in Executive Order (E.O.) 13936 of July 14, 2020, "The President's Executive Order on Hong Kong Normalization," has expired. The expiration of the national emergency declared in E.O....
Non-Proliferation Designations; Counter Terrorism Designations
Press Release Link Recent Actions Body Specially Designated Nationals List UpdatesThe following individuals have been added to OFAC's SDN List:DRUZHBIN,...
Iran-related Designations; Iran-related and Counter Terrorism Designation Update; Issuance of Iran-related General License
The Department of the Treasury's Office of Foreign Assets Control (OFAC) is issuing Iran General License Z, "Authorizing Wind Down Activities, Limited Safety and Environmental Transactions, and the Offloading of Cargo...
Cyber-related Designations; Cuba Designations; Issuance of Cuba-related Frequently Asked Question
The Department of the Treasury's Office of Foreign Assets Control (OFAC) is issuing one new Cuba-related Frequently Asked Question, FAQ 1262.Additionally, OFAC has updated the Specially Designated Nationals and Blocked...
Issuance of Democratic Republic of the Congo-related General License
Release Date 07/10/2026 Recent Actions Body The Department of the Treasury's Office of Foreign Assets Control (OFAC) is issuing Democratic...
Issuance of Amended Russia-related General License and Frequently Asked Questions
Recent Actions Body The Department of the Treasury's Office of Foreign Assets Control (OFAC) is issuing Russia-related General License 13R, "Authorizing Certain...
Issuance of Amended Iran-related General License
Recent Actions Body The Department of the Treasury's Office of Foreign Assets Control (OFAC) is revoking Iran-related General License X and issuing Iran-related...
Counter Narcotics Designations; Counter Terrorism Designations and Designation Update
Specially Designated Nationals List UpdatesThe following individuals have been added to OFAC's SDN List:DE OLIVEIRA SHIMADA, Victor Henrique, Santos, Sao Paulo, Brazil; DOB 11 Feb 1985; POB Sao Paulo, Brazil;...