The Office of Foreign Assets Control this week sanctioned a network of people, companies and ships that it said are moving millions of barrels of Iranian crude oil to China on behalf of the Iranian military and a sanctioned front company, Sepehr Energy Jahan Nama Pars (see 2311290034).

The Office of Foreign Assets Control fined a Miami-based real estate firm and its owner more than $1 million after the agency said they helped two sanctioned Russian oligarchs transfer their luxury condominiums to their non-sanctioned family members. The firm, Family International Realty LLC, “engaged in a willful scheme” to evade U.S. sanctions against Russia, OFAC said, and earned about $180,000 in commission fees for helping to manage the properties.

The U.S. this week issued a host of new Russia-related sanctions, designating nearly 100 entities as Russia-related secondary-sanctions risks and a range of other people and companies that it said are helping Russia evade sanctions. The Treasury Department sanctions specifically target a “sanctions evasion scheme” helping people in Russia and China make international payments for sensitive goods and a Kyrgyzstan bank also helping Russia evade sanctions, while new State Department sanctions target more than 150 entities and people, including in China, for supporting Russia’s military industrial base.

The Office of Foreign Assets Control deleted more than 20 entries from its Specially Designated Nationals List this week, including people and entities tied to Switzerland, Venezuela, Malta, Panama, Zimbabwe, Colombia, Mexico, Honduras and elsewhere.

A New York-based aviation parts supplier will pay $22,172 to the Office of Foreign Assets Control to settle Russia-related sanctions violations it allegedly committed in early 2024. The company, SkyGeek Logistics, made shipments and attempted refunds to two United Arab Emirates companies that had been sanctioned for supplying equipment and technology to Russia, OFAC said.

The Office of Foreign Assets Control fined a U.S. citizen more than $1 million for evading U.S. sanctions against Iran by using foreign money services businesses to buy an Iranian hotel.

The Office of Foreign Assets Control this week sanctioned Prointer ITSS general director Vladimir Perisic and Elpring d.o.o. Laktasi for their ties to a “corrupt patronage network” that supports the president of Bosnia and Herzegovina and the country’s sanctions evasion attempts. OFAC said President Milorad Dodik and his son use Perisic and others to control private companies that are awarded government contracts, including Elpring.

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New U.S. guidance for the ocean shipping industry outlines several example scenarios of foreign shipowners, shipping companies, tanker vessels and others looking to evade sanctions. The guidance, issued Oct. 31 by the Office of Foreign Assets Control, is designed to help ocean shipping industry officials recognize new or common “fact patterns that may be indicative of sanctions evasion,” OFAC said, or help them address common due diligence issues while trying to comply with U.S. sanctions.

The U.S. this week sanctioned people and companies involved in a sanctions evasion network for the terror group Hezbollah and others that help produce and transport Captagon, an addictive amphetamine, to help fund the Bashar al-Assad regime in Syria.