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.
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...
Issuance of Venezuela-related Frequently Asked Questions
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...
Settlement Agreement between the U.S. Department of the Treasury's Office of Foreign Assets Control and IMG Academy, LLC
Recent Actions Body The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) today announced a $1,720,000 settlement with IMG Academy, LLC to...
Issuance of Venezuela-related General Licenses
Recent Actions Body The Department of the Treasury's Office of Foreign Assets Control (OFAC) is issuing Venezuela-related General License 49, "Authorizing...
Counter Terrorism Designations
Press Release Link Recent Actions Body Specially Designated Nationals List UpdateThe following individuals have been added to OFAC's SDN List:BORISOV, Andrey...
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)...
Issuance of Venezuela-related General License
An official website of the United States government U.S. Department of the Treasury ...
Issuance of Venezuela-related General License and Amended Frequently Asked Question
Recent Actions Body The Department of the Treasury's Office of Foreign Assets Control (OFAC) is issuing Venezuela-related General License 5U, "Authorizing Certain...
Issuance of Venezuela-related General License
An official website of the United States government U.S. Department of the Treasury ...
Iran-related Designations; Counter Terrorism Designations; Non-Proliferation Designation Update and Designation Removal
DAMGHANI, Hamid (Arabic: حمید دامغانی), Iran; DOB 23 Sep 1973; nationality Iran; Additional Sanctions Information - Subject to Secondary Sanctions; Gender Male; National ID No. 4590769603 (Iran); IRGC Commander for...
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. ...
Counter Terrorism Designations and Designations Removals
Press Release Link Recent Actions Body Specially Designated Nationals List UpdateThe following individual has been added to OFAC's SDN List:BIRAWI, Zaher...
Counter Narcotics Designations
Press Release Link Recent Actions Body Specially Designated Nationals List UpdateThe following individuals have been added to OFAC's SDN List:MC DONAL...
Iran-related Designations; Issuance of Iran-related General License
The Department of the Treasury's Office of Foreign Assets Control (OFAC) is issuing Iran-related General License T, "Authorizing Limited Safety and Environmental Transactions and the Offloading of Cargo Involving...
Counter Terrorism Designations
Press Release Link Recent Actions Body Specially Designated Nationals List UpdateThe following individual has been added to OFAC's SDN List:TAQQOSH, Muhammad...
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;...
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....
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...
Issuance of Amended Russia-related General License; Publication of Amended Russia-related Frequently Asked Questions
Recent Actions Body The Department of the Treasury's Office of Foreign Assets Control (OFAC) is issuing Russia-related General License 131B, "Authorizing Certain...