Mr. Sanctions

Category: US Treasury Department (US)

  • Summmary of Treasury’s Report to Congress on Innovative Tech to counter digital asset-based illicit finance

    The GENIUS Act Illicit Finance Innovation Congressional Report, released by the U.S. Treasury in March 2026, serves as a roadmap for how the government and financial institutions should use new technology to stop criminals from using digital assets (like cryptocurrency and stablecoins) for money laundering, fraud, and terrorism.

    1. The Goal: Modernizing the “Financial Police”

    The report was triggered by the GENIUS Act (enacted in 2025), which focuses on regulating stablecoins. The Treasury’s main point is that as money moves from traditional bank accounts to digital “wallets” and blockchains, the tools used to catch criminals must change. The report argues for a “technology-neutral” approach—meaning the rules should focus on what someone is doing (moving money) rather than how they are doing it (using a specific software).

    2. The Problem: New Ways to Hide Money

    The report identifies several high-risk areas where current laws are struggling to keep up:

    • DeFi (Decentralized Finance): Platforms that allow trading without a central middleman (like a bank) make it harder to verify who is participating.
    • Mixers and Tumblers: Software tools designed specifically to scramble transaction history to hide the source of funds.
    • Jurisdictional Arbitrage: Criminals moving their operations to countries with weak financial laws to avoid U.S. oversight.
    • Sanctioned States: Countries like North Korea and Russia are increasingly using digital assets to bypass global trade restrictions.

    3. The Solution: Fighting Tech with Tech

    To counter these risks, the Treasury recommends that the U.S. lean into four specific “innovative technologies”:

    • Artificial Intelligence (AI): Using machine learning to spot patterns of suspicious activity that a human might miss.
    • Blockchain Analytics: Advanced tracking software that can follow “breadcrumbs” on a public ledger to see where stolen money is going.
    • Digital Identity Systems: Modernizing how we prove who we are online (digital IDs) to make it harder for fraudsters to open fake accounts.
    • APIs (Application Programming Interfaces): Better software connections that allow banks and the government to share data about threats in real-time.

    4. Key Recommendations for Congress

    The report asks lawmakers to update the rules of the game in three major ways:

    • Clarify DeFi Rules: Congress needs to define which people or companies in a “decentralized” system are responsible for following anti-money laundering laws.
    • Create New Categories of Businesses: The law should recognize “Digital Asset Service Providers” (DASPs) as a specific type of financial institution with its own set of rules.
    • Modernize the Bank Secrecy Act: Update the 50-year-old framework that banks use to report suspicious activity so it fits the digital age.

    What This Means for Professionals

    If you work in finance, tech, or law, this report signals that “risk-based” compliance is the future. Instead of just checking boxes, companies will be expected to use sophisticated tech to monitor their own networks. The government is signaling that it won’t ban innovation, but it will require that innovation to be “policed” more effectively by the companies that create it.

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  • March 31, 2026 Sanctions-palooza: OFAC Updates: Counter Narcotics Designations Removals; Russia-related Designations Removals

    Counter Narcotics Designations Removals; Russia-related Designations Removals

    Treasury Press Release: Treasury Removes Narcotics and Russia-Related Entries from SDN List

    Delistings:

    The following deletions have been made to OFAC’s SDN List:

    OFAC Program: SDNTK Foreign Narcotics Kingpin Sanctions Regulations, 31 CFR part 598

    RODRIGUEZ OLIVERA, Luis (a.k.a. MORFAN RODRIGUEZ, Luis Fernando; a.k.a. RODRIGUEZ MORFIN, Luis; a.k.a. RODRIGUEZ OLIVERA, Luis Fernando), Plaza Pabellion, Zapopan, Jalisco, Mexico; Colonia Providencia, Calle Quebec, Apt. 1127, Guadalajara, Jalisco, Mexico; 4179 Colonia Miravalle, Guadalajara, Jalisco, Mexico; Sendero Las Acacias 92, Guadalajara, Guadalajara, Jalisco, Mexico; Vereda Del Canario 1, Guadalajara, Jalisco, Mexico; Puerto de Hierro, Zapopan, Jalisco, Mexico; Fresno, CA, United States; DOB: 03 Apr 1972; alt. DOB: 1960; alt. DOB: 1966; POB: Tecalitlan, Jalisco, Mexico; nationality: Mexico; citizen: Mexico (individual).

    MORFAN RODRIGUEZ, Luis Fernando (a.k.a. RODRIGUEZ MORFIN, Luis; a.k.a. RODRIGUEZ OLIVERA, Luis; a.k.a. RODRIGUEZ OLIVERA, Luis Fernando), Plaza Pabellion, Zapopan, Jalisco, Mexico; Colonia Providencia, Calle Quebec, Apt. 1127, Guadalajara, Jalisco, Mexico; 4179 Colonia Miravalle, Guadalajara, Jalisco, Mexico; Sendero Las Acacias 92, Guadalajara, Jalisco, Mexico; Vereda Del Canario 1, Guadalajara, Jalisco, Mexico; Puerto de Hierro, Zapopan, Jalisco, Mexico; Fresno, CA, United States; DOB: 03 Apr 1972; alt. DOB: 1960; alt. DOB: 1966; POB: Tecalitlan, Jalisco, Mexico; nationality: Mexico; citizen: Mexico (individual).

    The following deletions have been made to OFAC’s SDN List:

    OFAC Program: RUSSIA-EO14024 Blocking Property With Respect To Specified Harmful Foreign Activities of the Government of the Russian Federation

    FESCO MONERON (Cyrillic: ФЕСКО МОНЕРОН) Container Ship 7,519GRT Russia flag; Secondary sanctions risk: See Section 11 of Executive Order 14024.; Vessel Registration Identification: IMO 9277412 (vessel) (Linked To: PSB LIZING OOO).

    FESCO MAGADAN (Cyrillic: ФЕСКО МАГАДАН) Container Ship 7,519GRT Russia flag; Secondary sanctions risk: See Section 11 of Executive Order 14024.; Vessel Registration Identification: IMO 9287699 (vessel) (Linked To: PSB LIZING OOO).

    SV NIKOLAY (Cyrillic: СВ НИКОЛАЙ) General Cargo Ship 7,519GRT Russia flag; Secondary sanctions risk: See Section 11 of Executive Order 14024.; Vessel Registration Identification: IMO 9538359 (vessel) (Linked To: PSB LIZING OOO).

    Source List:

    • UNITED NEWS OF INDIA, “US removes 3 Russia-flagged ships from sanctions list,” March 31, 2026.
    • Interfax, “U.S. lifts sanctions on 3 Russian seagoing cargo vessels,” March 31, 2026.
    • ACAMS, “OFAC Removes 16 Entries from SDN List,” March 31, 2026.

    Note: The Treasury press release was not on the Recent Actions web page. Gemini found it on the Treasury website.

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  • March 20, 2026: OFAC adds to Counter Terrorism sanctions, removes from Counter-Narcotics and Russian ones

    Counter Terrorism Designations; Counter Narcotics and Russia-related Designations Removals

    Treasury Press Release: Treasury Sanctions Global Network Diverting Funds to Benefit Hizballah

    State Press Release: Sanctioning a Global Network Supporting Hizballah Financing

    Additions:

    The following individuals have been added to OFAC’s SDN List:

    OFAC Program: SDGT Global Terrorism Sanctions Regulations, 31 C.F.R. part 594.

    AL LAKIS, Hamdan Ali

    • Address: Kab Elias Main Road, Yaktine Building, 5th Floor, Kab Elias, Bekaa 009618, Lebanon
    • DOB: 17 Jun 1971
    • POB: Mar Elias Zahle, Lebanon
    • Nationality: Lebanon
    • Additional Sanctions Information: Subject to Secondary Sanctions Pursuant to the Hizballah Financial Sanctions Regulations
    • Gender: Male
    • Party Type: Individual
    • Linked to: HAMIEH, Alaa Hassan

    Supplemental Information: Hamdan Ali Al Lakis manages the day-to-day operations of a money exchange set up with Alaa Hassan Hamieh. This arrangement allows Hamieh to maintain total access to the business and hide from government oversight while collecting the majority of the profits.

    BOUSTANY, Maya

    • AKA: * AL-BUSTANI, Maya
      • AL-BUSTANI, Maya Shadi
    • Address: Qatar; Al-Dabieh, Mount Lebanon, Lebanon
    • DOB: 09 Sep 1981
    • POB: Al-Dabieh, Lebanon
    • Nationality: Lebanon
    • Additional Sanctions Information: Subject to Secondary Sanctions Pursuant to the Hizballah Financial Sanctions Regulations
    • Gender: Female
    • Party Type: Individual
    • Linked to: HAMIEH, Alaa Hassan

    Supplemental Information: Maya Boustany is an associate of Alaa Hassan Hamieh and serves as the Chief Operating Officer for one of his companies. She has acted as a proxy for the Hizballah finance team to establish a front company in Iraq.

    FADEL, Raoof

    • Address: Zone 55, Street 169, Building 85, Villa 3, Doha, Qatar
    • DOB: 20 Dec 1981
    • POB: El Dammamm, Saudi Arabia
    • Nationality: Lebanon
    • Additional Sanctions Information: Subject to Secondary Sanctions Pursuant to the Hizballah Financial Sanctions Regulations
    • Gender: Male
    • Secondary sanctions risk: section 1(b) of Executive Order 13224, as amended by Executive Order 13886
    • Party Type: Individual
    • Linked to: HAMIEH, Alaa Hassan

    Supplemental Information: Raoof Fadel is part of the financial network led by Alaa Hassan Hamieh. He owns and operates Seven Seas for International Trading and Logistics, a Qatar-based company used to move funds for Hizballah.

    HAMIEH, Alaa Hassan

    • Address: Zantout Street, Safi Darwich Building, 1st Floor, Dawhet El Hoss, Beirut, Lebanon; Southern Tariya, Baalbek, Lebanon
    • DOB: 25 Jan 1980
    • Nationality: Lebanon
    • Additional Sanctions Information: Subject to Secondary Sanctions Pursuant to the Hizballah Financial Sanctions
    • Passport: OA110548 (Canada)
    • National ID No: 00003985449 (Lebanon)
    • Party Type: Individual
    • Linked to: HIZBALLAH

    Supplemental Information: Alaa Hassan Hamieh is a Hizballah financier and former Vice President of the Investment Development Authority of Lebanon (IDAL). He oversees a global network of companies that launder and raise funds for Hizballah’s finance team, diverting more than $100 million since 2020. He was notably involved in diverting funds from a trade agreement between Iraq and Lebanon intended for reconstruction.

    HAMIEH, Daniel

    • AKA: HAMIE, Daniel
    • Address: Wojska Polskiego 23ABC, Suwalki, Podlaskie 16-400, Poland; Lebanon
    • DOB: 30 Nov 2002
    • POB: Bialystok, Poland
    • Nationality: Poland
    • Additional Sanctions Information: Subject to Secondary Sanctions Pursuant to the Hizballah Financial Sanctions Regulations
    • Gender: Male
    • Secondary sanctions risk: section 1(b) of Executive Order 13224, as amended by Executive Order 13886
    • Party Type: Individual
    • Linked to: HAMIEH, Alaa Hassan

    Supplemental Information: Daniel Hamieh is the nephew of Alaa Hassan Hamieh. He co-owns the Poland-based entity Call Lync Spolka Z Ograniczona Odpowiedzialnoscia, which has transferred hundreds of thousands of dollars to companies affiliated with the Hizballah finance team.

    HAMIEH, Muhammad Hasan

    • AKA: HAMIYYAH, Muhammad Hasan
    • Address: Lebanon
    • DOB: 12 Sep 1983
    • POB: Tariyah, Lebanon
    • Nationality: Lebanon
    • Additional Sanctions Information: Subject to Secondary Sanctions Pursuant to the Hizballah Financial Sanctions Regulations
    • Gender: Male
    • Secondary sanctions risk: section 1(b) of Executive Order 13224, as amended by Executive Order 13886
    • Party Type: Individual
    • Linked to: HAMIEH, Alaa Hassan

    Supplemental Information: Muhammad Hasan Hamieh is the brother of Alaa Hassan Hamieh. He assists in tracking funds associated with various projects operated in collaboration with Hizballah finance team members, including Muhammad Al-Bazzal and Rashid Al-Bazzal.

    HASHEM, Bahaa Addin

    • Address: Lebanon
    • DOB: 18 Nov 1982
    • POB: Damascus, Syria
    • Nationality: Syria
    • alt. nationality: Saint Kitts and Nevis
    • Additional Sanctions Information: Subject to Secondary Sanctions Pursuant to the Hizballah Financial Sanctions Regulations
    • Gender: Male
    • Secondary sanctions risk: section 1(b) of Executive Order 13224, as amended by Executive Order 13886
    • Passport: RE0151778 (Saint Kitts and Nevis)
    • Party Type: Individual
    • Linked to: HAMIEH, Alaa Hassan

    Supplemental Information: Bahaa Addin Hashem is a Syrian gray-arms dealer who co-owns several companies with Alaa Hassan Hamieh. He is the registered owner of the Slovenia-based Call Lync Telekomunikacijske Storitve D.O.O. and is also an employee of the previously designated Hizballah enterprise G.M. Farm.

    SALAMI, Mohamad Jamil

    • AKA: SALAMI, Mohamad
    • Address: Amir Bachir Street, Azarieh Building, Beirut, Lebanon
    • DOB: 17 May 1982
    • Nationality: Lebanon
    • Additional Sanctions Information: Subject to Secondary Sanctions Pursuant to the Hizballah Financial Sanctions Regulations
    • Gender: Male
    • Secondary sanctions risk: section 1(b) of Executive Order 13224, as amended by Executive Order 13886
    • Party Type: Individual
    • Linked to: HAMIEH, Alaa Hassan

    Supplemental Information: Mohamad Jamil Salami is a Hizballah member within Alaa Hassan Hamieh’s network. He has been involved in telecommunications projects and a weapons systems company, and has personally transferred fundsto Hamieh.

    TARSHISHI, Hala Mohamad

    • AKA: TARCHICHI, Hala
    • Address: Lebanon
    • DOB: 26 Feb 1983
    • Nationality: Lebanon
    • Additional Sanctions Information: Subject to Secondary Sanctions Pursuant to the Hizballah Financial Sanctions Regulations
    • Gender: Female
    • Secondary sanctions risk: section 1(b) of Executive Order 13224, as amended by Executive Order 13886
    • Party Type: Individual
    • Linked to: HAMIEH, Alaa Hassan

    Supplemental Information: Hala Mohamad Tarshishi serves as the secretary for Alaa Hassan Hamieh. She acts as a proxy for his companies and conducts financial transactions on his behalf to support his business network.

    WEHBE, Mohamad Hasan

    • AKA: WAHBI, Mohamed Hassan
    • Address: Ras Beirut, Lebanon
    • DOB: 08 Sep 1971
    • POB: Beirut, Lebanon
    • Nationality: Lebanon
    • Additional Sanctions Information: Subject to Secondary Sanctions Pursuant to the Hizballah Financial Sanctions Regulations
    • Gender: Male
    • Secondary sanctions risk: section 1(b) of Executive Order 13224, as amended by Executive Order 13886
    • Passport: LR2576480 (Lebanon) expires 13 Mar 2032
    • National ID No: 000034132689 (Lebanon)
    • Party Type: Individual
    • Linked to: HAMIEH, Alaa Hassan

    Supplemental Information: Mohamad Hasan Wehbe owns and operates several Lebanon-based entities, including Seven Seas SAL Offshore and Seven Seas Group S.A.R.L., which are utilized by Alaa Hassan Hamieh for money laundering and procurement.

    The following entities have been added to OFAC’s SDN List:

    OFAC Program: SDGT Global Terrorism Sanctions Regulations, 31 C.F.R. part 594.

    CALL LYNC S.A.L. OFFSHORE

    • Address: Beirut, Lebanon
    • Party Type: Entity
    • Linked to: HAMIEH, Alaa Hassan

    CALL LYNC SPOLKA Z OGRANICZONA ODPOWIEDZIALNOSCIA

    • AKA: CALL LYNC S.P. Z.O.O.
    • Address: Wojska Polskiego 23ABC, Suwalki, Podlaskie 16-400, Poland
    • Party Type: Entity
    • Linked to: HAMIEH, Daniel

    CALL LYNC TELEKOMUNIKACIJSKE STORITVE D.O.O.

    • AKA: CALL LYNC D.O.O.
    • Address: Ljubljana, Slovenia
    • Party Type: Entity
    • Linked to: HASHEM, Bahaa Addin

    SEVEN SEAS FOR INTERNATIONAL TRADING AND LOGISTICS

    • Address: Doha, Qatar
    • Party Type: Entity
    • Linked to: FADEL, Raoof

    SEVEN SEAS GROUP S.A.R.L.

    • Address: Beirut, Lebanon
    • Party Type: Entity
    • Linked to: WEHBE, Mohamad Hasan

    SEVEN SEAS SAL OFFSHORE

    • Address: Second Floor, Airport Business Center, Airport Road, Beirut, Lebanon
    • Additional Sanctions Information: Subject to Secondary Sanctions Pursuant to the Hizballah Financial Sanctions Regulations
    • Secondary sanctions risk: section 1(b) of Executive Order 13224, as amended by Executive Order 13886
    • Organization Established Date: 12 Jul 2012
    • Registration Number: 1806107 (Lebanon)
    • Party Type: Entity
    • Linked to: WEHBE, Mohamad Hasan

    Delistings:

    The following deletions have been made to OFAC’s SDN List:

    OFAC Program: SDNTK Foreign Narcotics Kingpin Sanctions Regulations, 31 C.F.R. part 598.

    GASTELUM SERRANO, Cesar (a.k.a. “LA SENORA“), Culiacan, Sinaloa, Mexico; DOB 1961; POB Mexico; nationality Mexico; Gender Male (individual).

    The following deletions have been made to OFAC’s SDN List:

    OFAC Program: RUSSIA-EO14024 Executive Order 14024, “Blocking Property With Respect To Specified Harmful Foreign Activities of the Government of the Russian Federation”.

    KORZHAVIN, Yurii Anatolyevich, Russia; DOB 28 Sep 1957; POB Moscow, Russia; nationality Russia; GenderMale; Tax ID No. 770702814195 (Russia) (individual).

    KORZHAVINA, Lidiya Germanovna, Russia; DOB 22 May 1958; POB Moscow, Russia; nationality Russia; GenderFemale; Tax ID No. 771405312885 (Russia) (individual).

    Source List:

    Note: The Treasury Department press release is legit, but it’s not part of the Recent Actions page item (follow the link if you don’t believe me).

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  • January 30, 2026: OFAC makes updates to Iran, Counter-Terrorism, and Non-Proliferation sanctions programs

    Iran-related Designations; Counter Terrorism Designations; Non-Proliferation Designation Update and Designation Removal

    Treasury Press Release: Treasury Sanctions Iranian Regime Officials for Violent Repression and Corruption

    State Press Release: Sanctioning Iranian Government Officials for Suppression of Peaceful Protest

    Additions:

    The following individuals have been added to OFAC’s SDN List:

    • OFAC Programs:
      • [IRGC] Islamic Revolutionary Guard Corps1
      • [IFSR] Iranian Financial Sanctions Regulations
      • [IRAN-HR] Serious Human Rights Abuses by the Government of Iran

    DAMGHANI, Hamid

    • Name: Hamid Damghani2
    • DOB: 23 Sep 19733
    • Nationality: Iran4
    • Additional Sanctions Information: Subject to Secondary Sanctions5
    • Gender: Male6
    • National ID No.: 4590769603 (Iran)
    • Title: IRGC Commander for Gilan Province
    • Party Type: Individual
    • Linked to: ISLAMIC REVOLUTIONARY GUARD CORPS

    KAMALI, Hossein Zare

    • Name: Hossein Zare Kamali7
    • DOB: 27 Jun 1961
    • POB: Mehriz, Iran
    • Nationality: Iran
    • Additional Sanctions Information: Subject to Secondary Sanctions
    • Gender: Male
    • Passport: R57381834 (Iran) expires 01 Jul 2027
    • Title: IRGC Commander for Hamadan Province
    • Party Type: Individual
    • Linked to: ISLAMIC REVOLUTIONARY GUARD CORPS

    KHADEMI, Majid

    • Name: Majid Khademi8
    • Address: Tehran, Iran
    • DOB: 06 Sep 1962
    • Nationality: Iran
    • Additional Sanctions Information: Subject to Secondary Sanctions
    • Gender: Male
    • National ID No.: 2571042165 (Iran)
    • Title: Islamic Revolutionary Guard Corps Intelligence Organization Commander
    • Party Type: Individual
    • Linked to: ISLAMIC REVOLUTIONARY GUARD CORPS

    VALIZADEH, Ghorban Mohammad

    • AKA: VALIZADEH SHARAK, Ghorban Mohammad
    • Name: Ghorban Mohammad Valizadeh9
    • Address: Tehran, Iran
    • DOB: 23 Sep 1974
    • Nationality: Iran
    • Additional Sanctions Information: Subject to Secondary Sanctions
    • Gender: Male
    • National ID No.: 0872896595 (Iran)
    • Title: Islamic Revolutionary Guard Corps Commander for Tehran Province
    • Party Type: Individual
    • Linked to: ISLAMIC REVOLUTIONARY GUARD CORPS

    Supplemental Information: These individuals are Iranian officials who oversee security forces responsible for violent crackdowns on peaceful protesters.10

    • OFAC Program: [IRAN-HR] Serious Human Rights Abuses by the Government of Iran

    HAJIAN, Mehdi

    • AKA: HAJJIAN, Mehdi
    • Name: Mehdi Hajian11
    • Address: Kermanshah, Iran
    • DOB: 16 Aug 1976
    • Nationality: Iran
    • Additional Sanctions Information: Subject to Secondary Sanctions
    • Gender: Male
    • National ID No.: 3359178221 (Iran)
    • Title: LEF Commander for Kermanshah Province
    • Party Type: Individual
    • Linked to: LAW ENFORCEMENT FORCES OF THE ISLAMIC REPUBLIC OF IRAN

    MOMENI KALAGARI, Eskandar

    • AKA: MOMENI, Eskandar
    • Name: Eskandar Momeni Kalagari12
    • Address: Iran
    • DOB: 15 Jan 1963
    • POB: Qaem Shahr, Mazandaran, Iran
    • Nationality: Iran
    • Additional Sanctions Information: Subject to Secondary Sanctions
    • Gender: Male
    • Passport: D10016001 (Iran) expires 27 Nov 2029
    • Party Type: Individual

    Supplemental Information: Designated as part of the group of Iranian officials responsible for the suppression of peaceful protests and violent crackdowns.

    • OFAC Program: [IRAN-EO13902] Imposing Sanctions with Respect to Additional Sectors of Iran

    ZANJANI, Babak Morteza

    • Name: Babak Morteza Zanjani
    • Address: United Arab Emirates
    • DOB: 12 Mar 1974
    • POB: Tehran, Iran
    • Nationality: Iran
    • Nationality: United Arab Emirates
    • Additional Sanctions Information: Subject to Secondary Sanctions
    • Gender: Male
    • Party Type: Individual

    Supplemental Information: Identified as an Iranian investor who embezzled billions in funds from the Iranian people.

    The following entities have been added to OFAC’s SDN List:

    • OFAC Programs:
      • [SDGT] Global Terrorism Sanctions Regulations
      • [IFSR] Iranian Financial Sanctions Regulations
      • [IRAN-EO13902] Imposing Sanctions with Respect to Additional Sectors of Iran

    ZEDCEX EXCHANGE LTD

    • Name: Zedcex Exchange Ltd
    • Address: 71-75 Shelton Street, London WC2H 9JQ, United Kingdom
    • Website: www.zedcex.com
    • Additional Sanctions Information: Subject to Secondary Sanctions
    • Secondary sanctions risk: section 1(b) of Executive Order 13224, as amended by Executive Order 1388613
    • Organization Established Date: 22 Aug 2022
    • Organization Type: Financial and Insurance Activities
    • Digital Currency Address: TRX TCA9vmjsYw9MtPKEwRBtGhKFRfr4CLxJAv
    • Digital Currency Address: TRX TGsNFrgWfbGN2gX25Wcf8oTejtxtQkvmEx
    • Digital Currency Address: TRX TASWbk6X1wiTku5TMmMQYqYFvshVEtfJy8
    • Digital Currency Address: TRX TTS9o5KkpGgH8cK9LofLmMAPYb5zfQvSNa
    • Digital Currency Address: TRX TCzq6m2zxnQkrZrf8cqYcK6bbXQYAfWYKC
    • Digital Currency Address: TRX TLvuvpfBKdxddxSsJefeiGCe9eVY8HUroE
    • Digital Currency Address: TRX TNuA5CQ6LB4jTHoNrjEeQZJmcmhQuHMbQ7
    • Company Number: 14311274 (United Kingdom) issued 22 Aug 202214
    • Linked to: ISLAMIC REVOLUTIONARY GUARD CORPS

    ZEDXION EXCHANGE LTD

    • AKA: ZEDXION LIMITED
    • Name: Zedxion Exchange Ltd
    • Address: 71-75 Shelton Street, London WC2H 9JQ, United Kingdom
    • Website: http://www.zedxion.io
    • Additional Sanctions Information: Subject to Secondary Sanctions
    • Secondary sanctions risk: section 1(b) of Executive Order 13224, as amended by Executive Order 1388615
    • Organization Established Date: 17 May 2021
    • Organization Type: Financial and Insurance Activities
    • Company Number: 13404089 (United Kingdom) issued 17 May 2021
    • Linked to: ISLAMIC REVOLUTIONARY GUARD CORPS

    Supplemental Information: These financial entities are linked to the Islamic Revolutionary Guard Corps (IRGC).

    Delistings:

    The following deletions have been made to OFAC’s SDN List:

    • OFAC Programs:
      • [NPWMD] Weapons of Mass Destruction Proliferators Sanctions Regulations
      • [IFSR] Iranian Financial Sanctions Regulations

    SOLTECH INDUSTRY CO., LTD. (a.k.a. SOLTECH INDUSTRIES COMPANY LTD.; a.k.a. SOLTECH INDUSTRY COMPANY, LTD; a.k.a. “SOLTECH”; a.k.a. “SOLTECH INDUSTRIES”; a.k.a. “SOLTECH INDUSTRY CO.”; a.k.a. “SOLTECH INDUSTRY COMPANY”), 1A, Fook Ying Building, 379 Kings Road, North Point, Hong Kong, China; Rm 51, 5th Floor, Britannia House, Jalan Cator, Bandar Seri Begawan BS 8811, Brunei; Additional Sanctions Information – Subject to Secondary Sanctions; Company Number NBD/4116 (Brunei)

    “SOLTECH INDUSTRIES” (a.k.a. SOLTECH INDUSTRIES COMPANY LTD.; a.k.a. SOLTECH INDUSTRY CO., LTD.; a.k.a. SOLTECH INDUSTRY COMPANY, LTD; a.k.a. “SOLTECH”; a.k.a. “SOLTECH INDUSTRY CO.”; a.k.a. “SOLTECH INDUSTRY COMPANY”), 1A, Fook Ying Building, 379 Kings Road, North Point, Hong Kong, China; Rm 51, 5th Floor, Britannia House, Jalan Cator, Bandar Seri Begawan BS 8811, Brunei; Additional Sanctions Information – Subject to Secondary Sanctions; Company Number NBD/4116 (Brunei)16

    SOLTECH INDUSTRIES COMPANY LTD. (a.k.a. SOLTECH INDUSTRY CO., LTD.; a.k.a. SOLTECH INDUSTRY COMPANY, LTD; a.k.a. “SOLTECH”; a.k.a. “SOLTECH INDUSTRIES”; a.k.a. “SOLTECH INDUSTRY CO.”; a.k.a. “SOLTECH INDUSTRY COMPANY”), 1A, Fook Ying Building, 379 Kings Road, North Point, Hong Kong, China; Rm 51, 5th Floor, Britannia House, Jalan Cator, Bandar Seri Begawan BS 8811, Brunei; Additional Sanctions Information – Subject to Secondary Sanctions; Company Number NBD/4116 (Brunei)17

    “SOLTECH INDUSTRY CO.” (a.k.a. SOLTECH INDUSTRIES COMPANY LTD.; a.k.a. SOLTECH INDUSTRY CO., LTD.; a.k.a. SOLTECH INDUSTRY COMPANY, LTD; a.k.a. “SOLTECH”; a.k.a. “SOLTECH INDUSTRIES”; a.k.a. “SOLTECH INDUSTRY COMPANY”), 1A, Fook Ying Building, 379 Kings Road, North Point, Hong Kong, China; Rm 51, 5th Floor, Britannia House, Jalan Cator, Bandar Seri Begawan BS 8811, Brunei; Additional Sanctions Information – Subject to Secondary Sanctions; Company Number NBD/4116 (Brunei)18

    “SOLTECH INDUSTRY COMPANY” (a.k.a. SOLTECH INDUSTRIES COMPANY LTD.; a.k.a. SOLTECH INDUSTRY CO., LTD.; a.k.a. SOLTECH INDUSTRY COMPANY, LTD; a.k.a. “SOLTECH”; a.k.a. “SOLTECH INDUSTRIES”; a.k.a. “SOLTECH INDUSTRY CO.”), 1A, Fook Ying Building, 379 Kings Road, North Point, Hong Kong, China; Rm 51, 5th Floor, Britannia House, Jalan Cator, Bandar Seri Begawan BS 8811, Brunei; Additional Sanctions Information – Subject to Secondary Sanctions; Company Number NBD/4116 (Brunei)19

    SOLTECH INDUSTRY COMPANY, LTD (a.k.a. SOLTECH INDUSTRIES COMPANY LTD.; a.k.a. SOLTECH INDUSTRY CO., LTD.; a.k.a. “SOLTECH”; a.k.a. “SOLTECH INDUSTRIES”; a.k.a. “SOLTECH INDUSTRY CO.”; a.k.a. “SOLTECH INDUSTRY COMPANY”), 1A, Fook Ying Building, 379 Kings Road, North Point, Hong Kong, China; Rm 51, 5th Floor, Britannia House, Jalan Cator, Bandar Seri Begawan BS 8811, Brunei; Additional Sanctions Information – Subject to Secondary Sanctions; Company Number NBD/4116 (Brunei)20

    “SOLTECH” (a.k.a. SOLTECH INDUSTRIES COMPANY LTD.; a.k.a. SOLTECH INDUSTRY CO., LTD.; a.k.a. SOLTECH INDUSTRY COMPANY, LTD; a.k.a. “SOLTECH INDUSTRIES”; a.k.a. “SOLTECH INDUSTRY CO.”; a.k.a. “SOLTECH INDUSTRY COMPANY”), 1A, Fook Ying Building, 379 Kings Road, North Point, Hong Kong, China; Rm 51, 5th Floor, Britannia House, Jalan Cator, Bandar Seri Begawan BS 8811, Brunei; Additional Sanctions Information – Subject to Secondary Sanctions; Company Number NBD/4116 (Brunei)21

    Amendments:

    The following changes have been made to OFAC’s SDN List:

    • OFAC Programs:
      • [NPWMD] Weapons of Mass Destruction Proliferators Sanctions Regulations
      • [IFSR] Iranian Financial Sanctions Regulations

    SOLTANMOHAMMADI, Mohammad

    • AKA: SELTAN MOHAMMEDI, Mohammed22
    • AKA: SULTAN MOHMADI, Mohhamad23
    • AKA: WANG, Chung Lang24
    • AKA: WANG, Chung Lung25
    • AKA: WANG, Zhong-Lang26
    • Address: Apartment # 1504, Fairooz Tower, Dubai Marina, Dubai, United Arab Emirates
    • Address: 216 Ocean Drive, Sentosa Cove, Singapore 098622, Singapore
    • DOB: 04 Nov 1960
    • POB: Hamedan, Iran
    • Nationality: Iran
    • Nationality: United Kingdom
    • Additional Sanctions Information: Subject to Secondary Sanctions
    • Gender: Male
    • Passport: 518015439 (United Kingdom) expires 07 Apr 2026
    • Passport: T96397867 (Iran)
    • Passport: 038016890 (United Kingdom)
    • Passport: 093045489 (United Kingdom)
    • Passport: U11283369 (Iran)
    • National ID No.: S27602 (United Kingdom)
    • Party Type: Individual
    • Linked to: HODA TRADING

    Supplemental Information: No specific supplemental information available for this amendment.

    List of Changes:

    • Field Name: Linked To
      • Changed: SOLTECH INDUSTRY CO., LTD. to: HODA TRADING
    • Field Name: Passport
      • Deleted: 093104973 (United Kingdom)
      • Deleted: 093234017 (United Kingdom)
      • Deleted: 099156908 (United Kingdom)
      • Deleted: S2760238Z

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  • December 23, 2025: Amended Syria Tri-Seal Advisory & PAARSS designation updates

    First, from today’s OFAC Notice:

    Today, the U.S. Department of State, the U.S. Department of Commerce, and the U.S. Department of the Treasury’s Office of Foreign Assets Control, have issued an amended Tri-Seal Advisory: Sanctions and Export Controls Relief for Syria, to reflect the repeal of the Caesar Syria Civilian Protection Act of 2019 (Caesar Act). 

    Additionally, there are PAARSS designations which have been updated:

    Amendments:

    PAARSS-related Designations

    [PAARSSR-EO13894] Promoting Accountability for Assad and Regional Stabilization Act of 2019; Executive Order 13894

    The [SYRIA-CAESAR] Program Tag has been removed from the following PAARSS-related designations:

    AL-ADHAM EXCHANGE COMPANY AKAs: AL-ADHAM FOREIGN EXCHANGE Address: May 29th Street, Saroujah, Damascus, Syria; Hisham Al-Atassi Street, Al-Salam Building, Ground Floor, Homs, Syria; Al-Assi Square, Al-Quwwatli Street, Hama, Syria; Al-Quds Street, Tartous, Syria Website: https://aladham-exchange.com.syOrganization Established Date: 16 Feb 2009 Commercial Registry Number: 15691 (Syria)

    AL-ASSAD, Samer Kamal AKAs: AL-ASAD, Samer Address: Syria DOB: 19 May 1973 POB: Qardaha, Syrianationality: Syria Gender: Male Passport: 86368 (Syria) National ID No.: 06200000449 (Syria) Type: Individual

    AL-FADEL EXCHANGE AND MONEY TRANSFER COMPANY AKAs: AL-FADEL EXCHANGE AND INTERNATIONAL TRANSFER COMPANY, AL-FADEL EXCHANGE PRIVATE JOINT STOCK COMPANY, AL-FADEL MONEY TRANSFER AND EXCHANGE PRIVATE JSC Address: Al-Fardous Street, Damascus, Syria; March 8th Street, Al-Sarraj Building, Ground Floor, Lattakia, Syria; Al-Express Street, Al-Farqan Quarter, Aleppo, Syria; Al-Mazza Highway, Damascus, Syria; Sayyida Zeynab, Damascus, Syria; Main Street, Jeremana, Damascus, Syria Website:https://alfadelex.com

    ARFADA PETROLEUM PRIVATE JOINT STOCK COMPANY AKAs: ARFADA PETROLEUM COMPANY JSC, ARVADA PETROLEUM COMPANY JSC Address: Mashroua Dummar, Lot No. 13, Building 12/2, Damascus, SyriaWebsite: https://www.arfada.com/ Organization Established Date: 24 Apr 2018 Organization Type: Support activities for petroleum and natural gas extraction Registration Number: 18394 (Syria)

    BALWI, Fadel Ma’ruf AKAs: AL-BALAWI, Fadel Address: Syria DOB: 01 Jan 1983 POB: Nubl, Syria nationality:Syria Gender: Male Passport: 2251748 (Syria) Type: Individual Linked to: AL-FADEL EXCHANGE AND MONEY TRANSFER COMPANY

    BALWI, Muhammad Ma’ruf AKAs: AL-BALAWI, Muhammad, AL-BALWI, Muhammad Ma’ruf Address: Sayyida Zeynab, Damascus, Syria DOB: 01 Jan 1981 POB: Nubl, Syria nationality: Syria Gender: Male Passport: 1982538 (Syria) Type: Individual Linked to: AL-FADEL EXCHANGE AND MONEY TRANSFER COMPANY

    BALWI, Mut’i Ma’ruf AKAs: AL-BALAWI, Mut’i, BALAWI, Mut’i, BALWI, Maarouf, BALWI, Moutee MaaroufAddress: Syria DOB: 01 Jan 1985 POB: Nubl, Syria nationality: Syria Gender: Male Passport: 2488186 (Syria) Type:Individual Linked to: AL-FADEL EXCHANGE AND MONEY TRANSFER COMPANY

    HAMIEH, Khaldoun Address: Syria DOB: 25 Dec 1973 nationality: Lebanon Gender: Male Passport: LR1939852 (Lebanon) Type: Individual

    JAMALEDDINE, Nazir Ahmad Mohammed AKAs: JAMAL EDDIN, Mohammed Nazer, JAMAL EDDINE, Natheer Ahmed Mohammed, JAMAL EDDINE, Nathier Ahmed Mohammed Address: Damascus, Syria DOB: 02 Jan 1962POB: Damascus, Syria nationality: Syria Gender: Male Passport: N011612445 (Syria) alt. Passport: 002-17-L022286 (Syria) National ID No.: 010-30208342 (Syria) Type: Individual

    LIMITED LIABILITY COMPANY STG LOGISTIC AKAs: OOO STG LOGISTIK, STG STROYTRANSGAZ LOGISTIC, “STG LOGISTIC” Address: 12 Universitetsky Ave, Moscow 119330, Russia; Damascus, SyriaOrganization Established Date: 04 Sep 2009 Tax ID No.: 5027148148 (Russia) Registration Number:1095027004236 (Russia)

    MAYA EXCHANGE COMPANY AKAs: MAYA FOR EXCHANGE AND INTERNATIONAL HAWALAS Address:Ground Floor, Property Number 17/9/2230, Baqi Zadeh Building, Fardus Street, Salhiyah, Damascus, Syria; First Real Estate Zone, Property Number 936, Section 2, Ground Floor, Haju Building, Abd al-Hamid al-Durubi Street, Homs, Syria; Tartus Real Estate Zone, Section 8, Property Number 3881, Revolution Street, Al-Baraniyah, Tartus, Syria; Ground Floor, Second Real Estate Zone, Sections 7-9, Property 2533, Aziziyah Falls, Baghdad Station, Aleppo, SyriaOrganization Type: Other monetary intermediation

    QADDOUR, Khalid AKAs: QADDOUR, Khaled Nasser Address: Yaafour, Damascus, Syria DOB: 23 Apr 1970 POB:Damascus, Syria nationality: Syria Gender: Male National ID No.: 01020097227 (Syria) Type: Individual Linked to:AL-ASSAD, Maher

    RAMAK DEVELOPMENT AND HUMANITARIAN PROJECTS LLC AKAs: RAMAK COMPANY FOR DEVELOPMENT AND HUMANITARIAN PROJECTS LLC Address: Rural Damascus, Syria Organization Established Date: 08 Aug 2011 Organization Type: Real estate activities with own or leased property alt. Organization Type: Construction of buildings

    SALLIZAR SHIPPING SAL Address: 1st Floor, Shuwairi Bldg., Boulevard Saib Salam, al-Masraa, Beirut Corniche, Lebanon Organization Established Date: 12 Apr 2018 Registration Number: 1024992 (Lebanon)

    TAMAYOZ LLC AKAs: EXCELLENCE LIMITED LIABILITY COMPANY Address: Damascus, Syria Organization Type: Real estate activities with own or leased property

    WINGS PRIVATE JSC AKAs: AL-AJNAHA PRIVATE JOINT STOCK COMPANY, WINGS COMPANY, WINGS PRIVATE JOINT STOCK COMPANY Address: Rural Damascus, Syria Organization Type: Real estate activities with own or leased property

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  • December 19, 2025: OFAC adds Maduro family & associates to SDN List, plus updated GL and FAQ

    Based on the OFAC Notice and related press releases for December 19, 2025:

    Venezuela-related Designations; Issuance of Venezuela-related General License; Publication of Amended Venezuela-related Frequently Asked Question

    Treasury Press Release: Treasury Targets Family Members and Associates of Maduro Regime

    Additions:

    VENEZUELA-EO13850 Executive Order 13850

    CARRETERO NAPOLITANO, Roberto, Panama; Gender Male; Secondary sanctions risk: section 1(b) of Executive Order 13224, as amended by Executive Order 13886; (individual) [VENEZUELA-EO13850] (Linked To: CARRETERO NAPOLITANO, Ramon).

    CARRETERO NAPOLITANO, Vicente Luis, Panama; Gender Male; Secondary sanctions risk: section 1(b) of Executive Order 13224, as amended by Executive Order 13886; (individual) [VENEZUELA-EO13850] (Linked To: CARRETERO NAPOLITANO, Ramon).

    FLORES DE MALPICA, Eloisa, Venezuela; Gender Female; Secondary sanctions risk: section 1(b) of Executive Order 13224, as amended by Executive Order 13886; (individual) [VENEZUELA-EO13850] (Linked To: MALPICA FLORES, Carlos Erik).

    HURTADO PEREZ, Damaris del Carmen, Venezuela; Gender Female; Secondary sanctions risk: section 1(b) of Executive Order 13224, as amended by Executive Order 13886; (individual) [VENEZUELA-EO13850] (Linked To: MALPICA FLORES, Carlos Erik).

    MALPICA FLORES, Iriamni, Venezuela; Gender Female; Secondary sanctions risk: section 1(b) of Executive Order 13224, as amended by Executive Order 13886; (individual) [VENEZUELA-EO13850] (Linked To: MALPICA FLORES, Carlos Erik).

    MALPICA HURTADO, Erica Patricia, Venezuela; Gender Female; Secondary sanctions risk: section 1(b) of Executive Order 13224, as amended by Executive Order 13886; (individual) [VENEZUELA-EO13850] (Linked To: MALPICA FLORES, Carlos Erik).

    MALPICA TORREALBA, Carlos Evelio, Venezuela; Gender Male; Secondary sanctions risk: section 1(b) of Executive Order 13224, as amended by Executive Order 13886; (individual) [VENEZUELA-EO13850] (Linked To: MALPICA FLORES, Carlos Erik).

    Supplemental Information: The Treasury Department designated these seven individuals for their roles as family members and associates helping to sustain the narco-corruption structure of the Maduro regime. Specifically, the action targets the networks of Carlos Erik Malpica Flores (a nephew of Cilia Flores and former official at PDVSA and the Venezuelan Treasury) and Panamanian businessman Ramon Carretero Napolitano. Eloisa Flores de Malpica is the mother of Carlos Erik Malpica Flores and sister of Cilia Flores. Carlos Evelio Malpica Torrealba is his father, Iriamni Malpica Flores is his sister, Damaris del Carmen Hurtado Perez is his wife, and Erica Patricia Malpica Hurtado is his adult daughter. Roberto and Vicente Luis Carretero Napolitano are immediate family members of Ramon Carretero. Malpica Flores has been previously sanctioned and linked to corruption within Venezuela’s state-run oil company, PDVSA.

    You can learn more about the sanctions process in this video: OFAC Sanctions List Search tool which explains how to verify designated individuals.

    Additionally, we have a new version of GL 5:  Venezuela-related General License 5T, “Authorizing Certain Transactions Related to the Petróleos de Venezuela, S.A. 2020 8.5 Percent Bond on or After February 3, 2026.” As usual, the date at which you can deal in the bond has been pushed out – now it’s February 3rd of next year.

    And the related Frequently Asked Question – FAQ 595 – has been updated to reflect the new GL version and the new date.

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