OFAC Updates Sanctions Against North Korea and Belarus Entities
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- •New sanctions imposed on North Korean and Belarusian entities by OFAC.
- •Multiple individuals and companies added to the Specially Designated Nationals List.
- •General Licenses issued to allow limited transactions involving Iran and Russia.
On October 21, 2026, the U.S. Department of the Treasury's OFAC issued new sanctions against individuals and entities linked to North Korea and Belarus. This includes the addition of several individuals associated with the Karnakis and Karnakis group to the Specially Designated Nationals List. The sanctions also encompass General Licenses allowing certain transactions involving Iran and Russia. The updates reflect ongoing efforts to curb activities related to North Korean sanctions and other geopolitical concerns. The specific individuals named include Kosmas Karnakis and Pedro Ortega Jones, among others. These actions indicate a continued focus on enforcing sanctions against entities that may facilitate illicit activities.
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