Federal Agency
Appears in 8 stories
Imposed the June 30 sanctions
The U.S. Treasury froze the American assets of two Mexican men and nine companies on June 30, accusing them of running a fuel-smuggling ring that funnels tens of millions of dollars a year to Mexico's most powerful cartel. On the same day, Treasury warned banks to watch for the money moving through their accounts.
Updated Yesterday
Operating under TFI
John Hurley served eight months as the Treasury Department's chief sanctions enforcer before resigning amid friction with Secretary Scott Bessent. His February 25 departure followed months of internal clashes over sanctions aggressiveness and a specific dispute regarding federal surveillance of financial transactions involving Minnesota's Somali community, to which Hurley objected on data-privacy grounds.
Updated May 29
Sanctions engine defining which ships and networks become targets
The U.S. Coast Guard is now chasing a third Venezuela-linked tanker in international waters near Venezuela—under a judicial seizure order. Two other tankers have already been stopped in the past 11 days, including one dramatic helicopter boarding that the administration amplified on social media.
Updated May 15
Controls the sanctions licensing that can enable or block CITGO-related transactions.
CITGO has been the prize everyone can see, but almost nobody can touch. For years, a single U.S. sanctions lever has decided whether the PDVSA 2020 bond's "CITGO shares" collateral is a real hammer—or just a threat on paper.
Designated ship managers and vessels; issued General License S to manage safety/offloading risks
Treasury just hit Iran's oil-smuggling "shadow fleet" where it actually hurts: the ships. On December 18, 2025, OFAC blocked 29 vessels and a web of managers and front-company operators that keep Iranian oil moving when the paperwork is fake and the GPS goes dark.
Issued the general licenses that define what Russia-linked transactions remain legally possible
Sanctions are supposed to close doors. On December 17, the U.S. quietly propped two doors back open again, even as it slammed others shut. One narrow lane keeps Sakhalin-2 crude flowing to Japan; the other preserves financial channels for civil nuclear projects, even when payments touch sanctioned Russian banks—both running through June 18, 2026.
Designated CSRL and El Marro; expanded compliance exposure for facilitators
Treasury sanctioned the Cartel de Santa Rosa de Lima (CSRL) and its jailed leader José Antonio Yépez Ortiz ("El Marro") on December 17, 2025. Washington's campaign against huachicol money then shifted toward the infrastructure that makes stolen hydrocarbons tradable: shipping, routing, and due diligence.
Controls the legal switch for any potash sanctions rollback
A U.S. envoy went to Minsk to talk about prisoners—and walked out with both a promise and a delivery. After John Coale's December 2025 visit with Alexander Lukashenko, Treasury's OFAC published General License 13 on December 15, authorizing transactions with Belaruskali, Belarusian Potash Company, and Agrorozkvit—no expiration date. Belarus responded by freeing 123 political prisoners, including Nobel laureate Ales Bialiatski and opposition leader Maria Kolesnikova, the regime's most valuable hostages.
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