The United States may tighten restrictions on foreign ownership of real estate near military installations. On Monday, the Department of the Treasury issued a notice of proposed rulemaking that would expand the jurisdiction of the Committee on Foreign Investment in the U.S. CFIUS has the authority to deny the purchase or lease of properties around...
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Tag: Treasury Department
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US Sanctions Sudanese Paramilitary Group Leaders Over Expanding War
The United States has imposed sanctions on leaders of the Sudanese paramilitary group Rapid Support Forces. On Wednesday, the Department of the Treasury’s Office of Foreign Assets Control designated Ali Yagoub Gibril and Osman Mohamed Hamid Mohamed of the RSF pursuant to Executive Order 14098. The EO authorizes the government to seize assets of persons and...
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US Treasury Blocks Assets of Hezbollah Financial Backer’s Accomplices in Sanctions Avoidance
The U.S. Department of the Treasury has blocked all American property interests of several persons who were found helping Hassan Moukalled and his money-changer company CTEX Exchange avoid U.S. sanctions for supporting the Lebanon-based militant group Hezbollah. The department’s Office of Foreign Assets Control identified two of Moukalled’s sons, Firas and Rayyan, as among his...
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US Sanctions Greece-Based Intellexa Consortium Members Over Predator Spyware
The United States has imposed sanctions over the Predator spyware used to target journalists and government officials. On Tuesday, the Department of the Treasury’s Office of Foreign Assets announced that two individuals and five entities associated with Intellexa Consortium, a Greece-based software vendor known for selling spyware and surveillance tools. Predator is a suite of...
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US Sanctions Russia-Based Companies That Operate Fake News Websites
The United States has imposed new sanctions against entities linked to Russia’s efforts to influence elections around the world. According to the Department of the Treasury’s Office of Foreign Assets Control, Russia-based companies Social Design Agency and Company Group Structura have been orchestrating, on behalf of the Russian Presidential Administration, online operations designed to deceive and...
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US Sanctions UAE-Based Shipper Oceanlink Maritime Over Ties With Iran
The United States has issued a new round of sanctions targeting an organization involved in shipping commodities on behalf of Iran‘s General Staff of the Armed Forces and Ministry of Defense and Armed Forces Logistics. According to a press release, the Department of the Treasury’s Office of Foreign Assets Control is blocking the use of 13...
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Treasury Issues New Round of Sanctions Over Houthi Attacks in Red Sea
The Department of the Treasury has imposed new sanctions against entities aiding Iran in providing financial assistance to Houthi forces in Yemen. In a press release posted on Thursday, the Treasury’s Office of Foreign Assets Control designated Nabil Ali Ahmed Al-Hadha pursuant to Executive Order 13224, which prohibits transactions with terrorists. According to OFAC, Al-Hadha serves...
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US Sanctions Egyptian, Turkish Nationals for Providing Cybersecurity Training, Funding for ISIS
The United States has sanctioned two Egyptian nationals for allegedly providing cybersecurity training to members of the Islamic State of Iraq and Syria and facilitating funding efforts in support of the terrorist organization. In a press release, the Department of the Treasury’s Office of Foreign Assets Control named Mu’min Al-Mawji Mahmud Salim and Sarah Jamal Muhammad...