Read more about the article Treasury Sanctions Cambodian Tycoon and Businesses Linked to Human Trafficking and Forced Labor in Furtherance of Cyber and Virtual Currency Scams

Treasury Sanctions Cambodian Tycoon and Businesses Linked to Human Trafficking and Forced Labor in Furtherance of Cyber and Virtual Currency Scams

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WASHINGTON — Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) is sanctioning Cambodian businessman Ly Yong Phat (Ly), his conglomerate L.Y.P. Group Co., LTD (L.Y.P. Group), and O‑Smach Resort for their role in serious human rights abuse related to the treatment of trafficked workers subjected to forced labor in online scam centers.

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Read more about the article Treasury Targets Venezuelan Officials Aligned with Nicolas Maduro in Response to Electoral Fraud

Treasury Targets Venezuelan Officials Aligned with Nicolas Maduro in Response to Electoral Fraud

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WASHINGTON — Today, the Department of the Treasury’s Office of Foreign Assets Control (OFAC) designated 16 Maduro-aligned officials who obstructed a competitive and inclusive presidential election process in Venezuela and violated the civil and human rights of the people. The individuals sanctioned today pursuant to Executive Order (E.O.) 13692, as amended, include leaders of the Maduro-aligned

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Read more about the article Treasury Targets Oil and LPG Smuggling Network That Generates Millions in Revenue for Hizballah

Treasury Targets Oil and LPG Smuggling Network That Generates Millions in Revenue for Hizballah

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WASHINGTON — Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) is sanctioning three individuals, five companies, and two vessels that are involved in smuggling oil and liquified petroleum gas (LPG) to generate revenue for Hizballah. The network, comprised of Lebanese businessmen and companies and overseen by a senior leader of

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Read more about the article Treasury Targets Key Funding Source of Deadly Fentanyl- Trafficking Cartel CJNG

Treasury Targets Key Funding Source of Deadly Fentanyl- Trafficking Cartel CJNG

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CJNG Fuel Theft Network Deprives Mexico of Revenue while Strengthening Cartel WASHINGTON — Today, the Department of the Treasury’s Office of Foreign Assets Control (OFAC) sanctioned nine Mexican nationals and 26 Mexico-based entities linked to a fuel theft network that generates tens of millions of dollars benefiting the Cartel Jalisco Nueva Generacion (CJNG), a violent

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Read more about the article Treasury Takes Action as Part of a U.S. Government Response to Russia’s Foreign Malign Influence Operations

Treasury Takes Action as Part of a U.S. Government Response to Russia’s Foreign Malign Influence Operations

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The United States takes action to defend and protect U.S. election institutions and processes from Moscow’s attempts to influence the 2024 Presidential Election   WASHINGTON — Today, the Department of the Treasury’s Office of Foreign Assets Control (OFAC) designated 10 individuals and two entities as part of a coordinated U.S. government response to Moscow’s malign influence efforts targeting

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