The U.S. should work closely with industry to protect against sanctions risks in the digital-asset marketplace, including through novel security tools, cryptocurrency privacy company Iron Fish said in comments this month to the Treasury Department.
Canada last week sanctioned six people and four entities for their involvement in human rights violations in Iran. Among the designations are the Guardian Council, an entity that blocks meaningful participation in Iran’s elections; the Assembly of Experts, an entity that has neglected to uphold certain “constitutional provisions”; and the Expediency Discernment Council, an entity that “upholds laws that systematically violate the human rights of Iranians.” Others sanctioned include Deputy Interior Minister Seyyed Majid Mirahmadi, Islamic Revolutionary Guard Corps official Mohammad Karami and Ezzatollah Zarghami, former leader of the Islamic Republic of Iran Broadcasting Corporation.
The State Department last week released a fact sheet on the impact of global sanctions and export controls on Russia, outlining the “significant and long-lasting consequences” on Russia’s defense industrial base. The fact sheet describes Russia’s struggle to import semiconductors, aircraft parts and weapons and outlines various U.S. restrictions implemented since Russia’s invasion of Ukraine in February.
The U.S. is considering additional sanctions on both Russia and Iran following Iranian sales and operation of drones in Ukraine, National Security Council spokesperson John Kirby said, speaking during an Oct. 20 call with reporters. He confirmed that Iranian "military personnel" were on the ground in Crimea assisting Russia in the use of purchased combat drones, adding that Russia has "dozens" of the unmanned aerial vehicles (UAVs) and is "likely [to] continue to receive additional shipments in the future."
The U.S. this week threatened sanctions on any parties involved in transferring drones from Iran to Russia, saying it has “abundant evidence” that Russia is using the drones to strike Ukraine. The State Department said the U.S., along with the U.K. and France, raised the issue at an Oct. 19 U.N. Security Council meeting, adding that unmanned aerial vehicles from Iran are being used to target civilians and civilian infrastructure.
In coordination with DOJ and the FBI, the Office of Foreign Assets Control has added one individual and two organizations to its Specially Designated Nationals list, according to an Oct. 19 notice.
The Office of Foreign Assets Control added three individuals and four entities to its Specially Designated Nationals list in connection with alleged narcotics trafficking, according to an Oct. 19 notice.
Canada recently announced another set of sanctions against Russia for its war against Ukraine, targeting 34 people and one entity that are “complicit” in spreading Russian propaganda. The designations, which target “disinformation agents,” are “responsible for spreading false narratives that serve as pretexts for the Russian regime’s unjustifiable war,” Canada said.
The Office of Foreign Assets Control has designated 14 individuals it says are part of "a network of al-Shabaab financial facilitators," according to an Oct. 17 OFAC notice. The targets have functioned as facilitators between the group and companies in Somalia, and have organized financing, money laundering, and weapons smuggling on behalf of the network, OFAC said. Other designees oversee the group's smuggling and weapons trafficking network in Yemen.
The Office of Foreign Assets Control this week renewed a general license that authorizes certain transactions with Russia-based Public Joint Stock Company Transkapitalbank. General License 28A, which replaces GL 28, renews the authorization through 12:01 a.m. EST Jan. 18, 2023, for transactions with TKB and its majority-owned subsidiaries if those transactions are destined for or originating from Afghanistan. The license was scheduled to expire Oct. 20 (see 2204200055).