Office of Foreign Assets Control

Islamism 101

America’s leaders refuse to do their homework

Turkey-Based Global Director of Sham Charity Arrested for Conspiring To Help Hamas

The jig is up for a Turkish resident who allegedly funneled millions of dollars to Hamas while posing as a philanthropist. On July 31, U.S. authorities announced the arrest of Mohammad Hasna, the global...

U.S. Targets Iran’s Hormuz Extortion but Leaves Foreign Financial Enablers Untouched

Tehran faced two rounds of new U.S. sanctions in as many days. On July 29 and July 30, the Treasury Department’s Office of Foreign Assets Control (OFAC) issued back-to-back sanctions targeting the...

US Treasury sanctions Turkish Hamas financiers as Erdogan presses for F-35s

On July 23, the US Treasury Department’s Office of Foreign Assets Control (OFAC) designated a Turkey-based Hamas money exchange alongside a senior Muslim Brotherhood official. Treasury said...

Meet the 13 Palestinians Tasked With Governing Gaza After Hamas

Treasury License for Iranian Petroleum Is Unwise and May Be Inconsistent With Statutory Requirements

The Treasury Department’s issuance on June 22 of a license pausing Iranian petroleum sanctions appears to be inconsistent with the Iran Nuclear Agreement Review Act (INARA), which prohibits such relief...

Iran’s economic catastrophe

Decay, damage and the long road back

Trump Administration Provides Billions in Unrestricted Oil Sanctions Relief to Iran

The Trump administration is laying the groundwork for a major cash infusion for the Iranian regime. On June 22, the Treasury Department issued General License (GL) X, a 60-day authorization for the...

Anti-Money Laundering and Countering the Financing of Terrorism Programs

Beyond the Embargo: A Toolkit for Squeezing the Cuban Regime

Opponents of U.S. sanctions often cite Cuba as “Exhibit A” for why sanctions don’t work. The United States has maintained an embargo on the island for more than six decades — but to what end? Cuba’s...

A Private Matter

Excerpt In October 1775, John Adams sat in Philadelphia, directing a rebellion. The British Empire commanded the most formidable fleet on the planet. The colonies possessed nothing resembling a navy,...

UAE sanctions Hezbollah-linked financial network, reflecting US designations

On May 12, the United Arab Emirates’ official news agency, Emirates News Agency, announced that Abu Dhabi had designated 16 Lebanese nationals and five Lebanon-based entities to its terrorism...

A Gameplan for American Economic Security:

Supercharging U.S. Statecraft, from an Economic Pentagon to the Near-Global Economy

The U.S. Should Take a Page From Europe’s New Russia Sanctions Playbook

The European Union is stepping up enforcement against Russian sanctions evasion. Brussels has now implemented its largest set of designations against Moscow in two years, targeting the Kremlin’s enablers...

Iran’s economic damage from Operation Epic Fury

For Iran, Hormuz Is More a Weakness Than a Weapon

How a U.S. Blockade Threatens the Regime’s Grip

Islamist Turkey: A Base for Muslim Brotherhood Jihadism

America can bankrupt Iran’s insiders — And it should

Tens of billions of dollars have been siphoned out of the Iranian economy by the Islamic Republic’s insiders over the past decade. If the U.S. wasn’t watching then, it is now. “We...

The Strait of Hormuz: The Military, Energy, and Economic Challenges

Trump’s Oil Waiver Gives Iran a Dangerous Financial Lifeline

Allowing Tehran to sell crude will only strengthen its grip over global energy flows.