On November 24, 2025, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) announced it had imposed a $4,677,552 penalty on a U.S. person for violating sanctions on Russia. The individual, acting through Atlanta‑based King Holdings LLC, mortgaged, renovated and sold a residential property that was owned by a person blocked under OFAC’s Russia sanctions. The sale was concealed from OFAC and also breached a cease‑and‑desist order issued by the agency. OFAC said the penalty is the statutory maximum and highlighted the obligation of all U.S. persons to comply with its sanctions regulations. The action follows OFAC’s earlier efforts to identify and prevent dealings in blocked property.
https://home.treasury.gov/news/press-releases/sb0323
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