Tag: OFAC

The U.S. Treasury Department has intensified its crackdown on financial networks linked to terrorist organizations, sanctioning multiple cryptocurrency addresses associated with the Yemen-based Houthi movement. The action targets eight digital wallets allegedly used to facilitate arms procurement and evade international sanctions. According to data from blockchain forensic firms Chainalysis and ...

The U.S. Department of the Treasury has imposed sanctions on an Iranian national, Behrouz Parsarad, for his role in operating Nemesis, a darknet marketplace linked to the trafficking of fentanyl and other illicit drugs. The Department’s Office of Foreign Assets Control (OFAC) announced the enforcement action on March 4, 2025, ...