Gandhinagar, June 5 (IANS) Two more arrests have been made in a widening cybercrime investigation into an alleged cryptocurrency network worth over Rs 226 crore, which authorities say is linked to suspected terrorist funding channels, international drug trafficking operations, and transactions routed through the dark web. The Cyber Centre of Excellence of CID Crime confirmed that the case was registered following detailed blockchain and technical analysis of cryptocurrency movements.According to…
Latest Office of Foreign Assets Control News & Updates
Washington, May 28 (IANS) The Persian Gulf Strait Authority, an Iranian authority overseeing shipping control in the Strait of Hormuz, has been added to the Specially Designated Nationals List in a fresh sanction move under the US Economic Fury campaign, the US Treasury Department said.In a press release posted on its website on Wednesday (local time), the department’s Office of Foreign Assets Control claimed the Strait Authority sought to impose illegitimate tolls on commercial traffic and forc…
Washington, May 19 (IANS) The resolution of the legal matter involving Adani Enterprises Ltd removes a major distraction from the growing India-US economic partnership, and could pave the way for fresh Indian investments in the United States, the US-India Strategic Partnership Forum (USISPF) said on Monday.“The US Department of Justice’s resolution in the case involving Adani Enterprise brings closure to the ongoing legal matter, which has been a distraction to the otherwise strong US-India ec…
New York, May 18 (IANS) In yet another significant development, the US Department of Justice has permanently dropped all criminal charges against Gautam Adani and his nephew, Sagar Adani, in an alleged securities and wire fraud case.In a filing before the Eastern District of New York, the US Department of Justice requested dismissal of the indictment against Adani.”The Department of Justice has reviewed this case and has decided, in its prosecutorial discretion, not to devote further resources t…
New Delhi, May 18 (IANS) The US Treasury Department’s Office of Foreign Assets Control (OFAC) on Monday announced that it has reached a $275 million settlement with India’s Adani Enterprises Limited (AEL) over the “apparent violations” of sanctions on Iran in the company’s purchase of LPG. According to an OFAC statement, AEL has agreed to pay $275 million to settle its potential civil liability for apparent violations of OFAC sanctions on Iran.”From November 2023 to June 2025, AEL purchased …
Washington, March 14 (IANS) The United States expanded authorisations for Venezuela’s energy and petrochemical sectors, a move that could help stabilise global fertilizer and oil supplies — developments closely watched by major importers such as India.The US Treasury Department said the changes were made through updated licences issued by its Office of Foreign Assets Control (OFAC) as part of efforts to revive Venezuela’s energy industry and support global commodity markets.“The Trump ad…
Washington, March 7 (IANS) The United States has filed civil forfeiture complaints seeking to seize more than $15 million allegedly linked to an illicit Iranian oil distribution network accused of evading American sanctions and using the US financial system to support entities tied to Iran’s Revolutionary Guard.The Department of Justice said the complaints were filed in the US District Court for the District of Columbia, alleging that more than $15.3 million was used to fund a network that sol…
Washington, Feb 25 (IANS) The United States imposed sanctions on a Russian exploit broker and several associated entities accused of acquiring and selling stolen American cyber tools, in what officials described as the first action under a new law aimed at protecting US intellectual property.The measures target Russian national Sergey Sergeyevich Zelenyuk and his company, Operation Zero. The action coincides with a separate criminal case against Australian national Peter Williams, who pleaded gu…