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    Office of Foreign Assets Control

    Office of Foreign Assets Control (OFAC) is an office of the U.S. Department of the Treasury. It administers and enforces economic and trade sanctions based on U.S. foreign policy and national security goals.

    ofac.treasury.gov
    Director
    Bradley T. Smith

    Key facts

    Founded
    1950 as the Division of Foreign Assets Controlsource
    Renamed
    October 15, 1962 (became the Office of Foreign Assets Control)source
    Parent office
    Office of Terrorism and Financial Intelligence (since 2004)source
    Key event
    2014: record $963 million settlement with BNP Paribassource

    WYDE coverage of Office of Foreign Assets Control

    WYDE Newsroom has published 6 articles about Office of Foreign Assets Control, from Apr 13, 2026 to Sep 28, 2026. Office of Foreign Assets Control is the regulator in 6 stories. The most recent is Tether Says It Helped Freeze Nearly $550 Million in Iran-Linked USDT This Year.

    Crypto & DeFi

    Tether Says It Helped Freeze Nearly $550 Million in Iran-Linked USDT This Year

    The stablecoin issuer said on September 28 that it worked with US authorities including OFAC to freeze about $550 million in Iran-linked USDT in 2026, part of more than $4.9 billion frozen worldwide.

    Sep 28, 2026 · 2 min read · Regulator

    Crypto & DeFi

    The Treasury Sanctions Two Iranian Firms Over a Bitcoin Ship Insurance Scheme in the Strait of Hormuz

    OFAC designated Persian Gulf Marine Insurance Company and HormuzSafe Marine Services Authority on July 31, calling the bitcoin-priced coverage extortion because it insured ships against seizure risks the Treasury says Iran itself creates.

    Aug 2, 2026 · 3 min read · Regulator

    WYDE Weekly

    Visa built stablecoin rails, Wyoming set a giving record, and the EAT Card hit the App Store. Over 60,000 meals.

    WYDE Weekly: Visa's stablecoin platform, DTCC's first live tokenized trades, the Senate's unanimous no-pardon vote on SBF, WyoGives' record $6.46 million, Lilly's $100 billion endowment, and the EAT Card iOS launch.

    Jul 18, 2026 · 6 min read · Regulator

    Crypto & DeFi

    Tether Freezes $131 Million After OFAC Sanctions Four Iran Central Bank Wallets

    The US Treasury sanctioned four TRON wallets tied to the Central Bank of Iran and Tether froze $131 million in USDT, bringing total blocked Iranian central bank stablecoins to roughly $475 million

    Jul 16, 2026 · 2 min read · Regulator

    Crypto & DeFi

    Treasury Sanctions a Crypto Network Used to Finance ISIS

    OFAC designated three people and six money-services businesses, including Syria's Bitcoin Xchange, and flagged two TRON wallets, for moving cryptocurrency to ISIS.

    Jun 27, 2026 · 2 min read · Regulator

    Crypto & DeFi

    Iran Will Accept Bitcoin for Strait of Hormuz Tanker Tolls at $1 per Barrel During Two-Week Ceasefire

    Iran will charge oil tankers passing the Strait of Hormuz $1 per barrel payable in Bitcoin during a two-week ceasefire, per Financial Times reporting, formalizing a sanctions-bypass model.

    Apr 13, 2026 · 3 min read · Regulator

    Reported alongside Office of Foreign Assets Control

    • Tether · in 3 stories with Office of Foreign Assets Control
    • Advent International · in 1 story with Office of Foreign Assets Control
    • Augmodo · in 1 story with Office of Foreign Assets Control
    • Binance · in 1 story with Office of Foreign Assets Control
    • Bonzo Lend · in 1 story with Office of Foreign Assets Control
    • Central Bank of Iran · in 1 story with Office of Foreign Assets Control
    • Citadel · in 1 story with Office of Foreign Assets Control
    • Citadel Securities · in 1 story with Office of Foreign Assets Control

    Sources

    Track the institutions that move money.

    Data-driven coverage, every week.