Enforcement Release: Gracetown, Inc.

Date issued: Dec. 04 2025

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TURBOFAC Commentary (296 words)

Notes:

1) Read in conjunction with ENF 51231 (1) (Notable Notification of Third Party Blocking) (notification of third-party blocking served on Gracetown) and U.S. v. Graham Bonham Carter (Criminal Indictment, 2022 - SDNY) (2022 criminal indictment against an individual in connection with illegal payments through Gracetown).

2) Gracetown is a U.S. person holding company alleged to have owned by the SDN Oleg Deripaska up through a point prior to his designation, and afterward, “a relative and known associate of Deripaska”. OFAC alleges that “Gracetown received 24 payments on behalf of a company ultimately owned by a sanctioned Russian oligarch, Oleg Deripaska, despite having received explicit prior notice from OFAC that direct and indirect dealings with Deripaska were prohibited. Gracetown also failed to report blocked assets in its possession and control for over...