#office of foreign assets control (ofac)

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OFAC Strengthens Measures, Targeting Russia's Aggression

OFAC's advisory named “Guidance for Foreign Financial Institutions on OFAC Sanctions Authorities Targeting Support to Russia’s Military-Industrial Base” provides essential guidance to foreign financial institutions.

OFAC and Turkish Treasury Joint Action

OFAC and the Turkish Ministry of Treasury and Finance published an announcement of a coordinated plan to take action for disrupting terrorist financing on January 5, 2023.

Tornado Cash: A Crypto-Mixing Service Now Blacklisted by the US Treasury

Tornado Cash can be a practical option for legitimate users wanting financial privacy, such as those who want to give to political groups without disclosing their identity or those who want to keep information about their wealth hidden. However, it is also appealing to cybercriminals looking to launder money