OFAC Sanctions Eight Canadian Money Services Businesses Over Iran Links
OFAC designated eight Canada-based money services businesses on November 6, alleging they facilitated financial transactions on behalf of Iran’s regime.
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FinCEN Cuts MEXC Global Off From U.S. Financial System
FinCEN issued an order cutting MEXC Global off from the U.S. financial system, barring U.S. financial institutions from processing funds transfers involving the exchange.
Read developmentSwitzerland Implements EU’s 21st Sanctions Package on Russia and Belarus
Switzerland adopted measures from the EU’s 21st sanctions package against Russia and Belarus, with sanctions-list changes taking effect on 4 November 2026.
Read developmentOFAC Sanctions 10 People and Entity Over DPRK IT Worker Schemes
OFAC sanctioned 10 individuals and one entity over North Korean government-run IT worker schemes targeting U.S. businesses. Treasury said six Russia-based workers generated more than $750,000 for a DPRK-controlled entity since 2025, and explained that U.S.-linked property interests of designated persons are blocked, subject to applicable exceptions.
Read developmentDOJ Reaches First “Near-Miss” Non-Prosecution Agreement Under Corporate Policy
The Justice Department said its agreement with Extreme Networks is its first “near-miss” non-prosecution agreement under the 2026 corporate policy. The company agreed to pay $975,721.84 in criminal penalties over sanctions and export-control offenses involving sales to a Russian weapons manufacturer.
Read developmentMyanmar Records Point to Concealed Aviation-Fuel Imports Worth $109.5 Million
Justice For Myanmar says documents from a junta commerce ministry data leak show six Myanmar aviation-fuel imports were described as high-speed diesel and routed through proxy companies. The imports, recorded between December 2024 and November 2025, totalled more than 843,000 barrels valued at US$109.5 million.
Read developmentICIJ Reports A7 Processed $14 Billion in Cash Rubles
ICIJ and Proekt report that internal records show A7 processed at least 283 metric tons of cash rubles, worth more than $14 billion, between November 2024 and July 2025. The investigation traces cash from Moscow markets through A7 and Promsvyazbank into payment routes that often led to China.
Read developmentTreasury Announces More Than $1.21 Billion in Bank of America Penalties
U.S. Treasury announced more than $1.21 billion in enforcement penalties against Bank of America on October 13, 2026. The actions include a $1.2 billion FinCEN assessment, a $750 million OCC penalty and an $11.6 million OFAC settlement concerning 475 apparent sanctions violations.
Read developmentTransparency International Czech Republic Reports Suspected Sanctions Breach Involving Czech Vanadium
Transparency International Czech Republic says it filed a criminal complaint over suspected sanctions violations involving Czech Vanadium. It reported more than 500 shipments of vanadium pentoxide entered the country from June 2022 to March 2025, and raised concerns that a change of supplier may not have changed the material’s Russian source.
Read developmentUS Treasury Sanctions Hamas Financing Network Over Charity and Crypto Transfers
The U.S. Treasury designated five parties over an alleged Hamas financing network involving purported charities and cryptocurrency. Treasury said the network collected more than $2 million from 2020 to 2026, with hundreds of thousands sent in crypto, and outlined blocking and reporting requirements for covered property.
Read developmentNorwegian police open parallel probes into Telenor over Myanmar operations
Norway’s PST and Kripos have opened parallel investigations into Telenor ASA over its Myanmar business. Kripos alleges complicity in crimes against humanity for handing over customer traffic data from Feb 1, 2021 to March 25, 2022; PST alleges sanctions-law breaches in the sale of surveillance equipment.
Read developmentUS Treasury Sanctions Xinbi Guarantee, Targets Messaging and Wallet Developers
On 9 September 2026 OFAC designated Xinbi Guarantee as a significant transnational criminal organization and sanctioned SafeW Technology and Anwen Technology for materially assisting Xinbi, after U.S. authorities seized infrastructure and restrained wallets tied to a marketplace said to have processed over $24 billion.
Read developmentUS designates Autistici/Inventati as terrorist; Italian collective shuts down services
On 26 August 2026 the U.S. State Department designated Autistici/Inventati as a Specially Designated Global Terrorist. The move blocks U.S.-jurisdiction property and warned of sanctions risks; the collective’s domain and bank access were disrupted and it announced it would shut down services.
Read developmentTreasury Designates Golden Global Bank and Subsidiaries Under Iran EO
OFAC designated Türkiye-based Golden Global Bank and two subsidiaries under E.O. 13902, citing alleged support for Iran’s financial networks and IRGC-Qods Force-linked transactions.
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