Industrial Policy & Trade Monitor· 2666 actions· ✨ 90 recent

The U.S. Treasury's Office of Foreign Assets Control designated four individuals and four entities under Executive Order 14098 ("Imposing Sanctions on Certain Persons Destabilizing Sudan and Undermining the Goal of a Democratic Transition") for operating a transnational network that recruits former Colombian military personnel to fight for Sudan's Rapid Support Forces (RSF) paramilitary. Designated persons include retired Colombian officer Alvaro Andres Quijano Becerra, his wife Claudia Viviana Oliveros Forero, the Colombia-based recruitment agency International Services Agency (A4SI), and Panama-based intermediary Talent Bridge, S.A. (formerly Global Staffing S.A.). All property and interests in property of the designated persons subject to U.S. jurisdiction are blocked, and U.S. persons are generally prohibited from transacting with them.

On 4 December 2025, OFAC assessed a near-statutory-maximum civil monetary penalty of USD 7,139,305 against Gracetown Inc., a New York-based property-management company, for 24 apparent violations of Russia-related sanctions under EO 13660, EO 13661, and EO 14024 between April 2018 and May 2020, and for separately failing to report blocked assets for over 45 months in violation of 31 CFR §501.603. Gracetown was established in 2006 to manage three luxury real-estate properties in Manhattan and Washington DC ultimately owned by sanctioned Russian oligarch Oleg Deripaska; after Deripaska's April 2018 SDN designation — which OFAC communicated directly to Gracetown — the company continued processing 24 payments totalling USD 31,250 on behalf of a Deripaska-linked British Virgin Islands entity (Baufinanz). OFAC found the violations egregious and not voluntarily self-disclosed, driving the penalty to 80% of the USD 8,906,358 statutory ceiling; the ratio of penalty (USD 7.14M) to underlying transaction value (USD 31,250) underscores OFAC's strict liability approach to post-notice dealings.

On 24 November 2025, OFAC assessed a civil monetary penalty of USD 4,677,552 — the statutory maximum and the largest single OFAC penalty ever imposed against an individual — against an Atlanta-based real-estate investor operating through King Holdings LLC. Between April 2023 and March 2024 the respondent willfully purchased, mortgaged, renovated, and resold US residential property beneficially owned by a family member of a Russian oligarch sanctioned under EO 14024, in direct violation of a prior OFAC cease-and-desist order and in defiance of an administrative subpoena. OFAC found the violations egregious and non-self-disclosed; both aggravating factors drove the penalty to the statutory ceiling.

OFAC reissued the Western Balkans Stabilization Regulations (31 CFR Part 588) in their entirety on 29 September 2022, updating the framework that implements Executive Orders 13219 (2001), 13304 (2003), and 14033 (2021). The reissuance added three new definitions, expanded interpretive guidance, incorporated three new general licenses, and explicitly operationalised E.O. 14033's expanded emergency — which extended the Western Balkans sanctions perimeter to cover corruption and anti-democratic destabilisation, not just armed-conflict threats. The regulations apply to persons in or linked to the territory of the former Socialist Federal Republic of Yugoslavia and the Republic of Albania.