The U.S. Department of Treasure released an advisory today highlighting that ransomware payments could violate their Office of Foreign Assets Control (OFAC) sanction controls. This advisory drastically changes the dynamic for how companies are managing ransomware response including the payment of ransoms directly or through third party negotiators.
This is an advisory that every CISO, corporate executive, and board of directors member needs to read and understand to prevent criminal liability.
Among members of the EU, opposition to Belarus leader Alexander Lukashenko is growing as the organization looks to toughen its response to the country’s current political crisis that ensued after the recent presidential elections in which Lukashenko, the incumbent, won. The EU is allegedly considering imposing a travel ban and
According to recently leaked documents, one of Vladimir Putin’s closest friends may have been laundering money and avoiding sanctions through Barclays Bank in London. The associate, billionaire Arkady Rotenberg, has been close to the president since childhood. Barclays has released a statement claiming that it has met all legal duties
China has promised to retaliate against the US following a bold move that ended Hong Kong’s preferential trade status. US President Donald Trump also moved to impose sanctions on officials who crackdown on rights within the new region under China’s controversial security law. President Trump stated that this security law
Mike Pompeo, US Secretary of State, has announced that the US will stop allowing foreign companies to facilitate nuclear activities in Iran, representing a core provision of the 2015 nuclear agreement. Pompeo alleges that Iran has continued to expand proliferation-sensitive activities, resulting in the US government announcement. In May of
On Monday, Venezuelan authorities welcomed a second Iranian fuel tanker. As the ship entered international waters, it was met with naval frigates and helicopters dispatched by Venezuela. This is a lifeline for Venezuelan President Nicolas Maduro and represents close ties being forged between Tehran and US adversaries in Latin America.
The Paris-based Financial Action Task Force is expected to blacklist Iran on Friday after European governments joined the US in their efforts to isolate Tehran. The blacklist aims to isolate Iran financially, straining the already weak economy after years of sanctions. This will broaden the US-led effort after recent events
North Korea has reportedly expanded its use of the internet to enable Kim Jon-un to evade American sanctions and promote new forms of cybercrime. A study that has investigated North Korea’s internet use since 2017 suggested that since America introduced “maximum pressure” sanctions to the country, North Korea’s use of
Donald Trump threatens Iraq with sanctions, says US won’t leave unless ‘they pay us back’ for air base
The US drone strike that killed Iranian military commander Maj. Gen. Qassim Suleimani at Baghdad airport last Friday has not only resulted in increased tensions between Washington and Tehran, but has also fueled resentment against Washington in Baghdad, where Iraq’s Parliament on Sunday adopted a nonbinding vote to expel the
On Thursday, the US imposed sanctions on Cuba’s defense minister. US officials accused Leopoldo Frias of human rights violations and supporting socialist President Nicolas Maduro. Frias and his family members were blacklisted by Washington on Thursday. US Secretary of State Mike Pompeo stated that Frias’s affiliate, MINFAR, had been involved