Back to News
Federal RegisterFederal
Notice of OFAC Sanctions Action
Plain English Summary
The U.S. Treasury's Office of Foreign Assets Control (OFAC) has updated its list of individuals and entities that are blocked from doing business in the U.S. due to legal reasons. This means that any property or assets they own in the U.S. cannot be accessed or used, and U.S. citizens are not allowed to conduct transactions with them. Additionally, OFAC has also removed some individuals from this list, meaning their assets are no longer blocked and they can engage in transactions again. Agents should check the updated list to ensure compliance and avoid any prohibited transactions.
+View original text
The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) is publishing the names of one or more persons that have been placed on OFAC's Specially Designated Nationals and Blocked Persons List (SDN List) based on OFAC's determination that one or more applicable legal criteria were satisfied. All property and interests in property subject to U.S. jurisdiction of these persons are blocked, and U.S. persons are generally prohibited from engaging in transactions with them. OFAC is also publishing the names of one or more persons whose property and interests in property have been unblocked and who have been removed from the SDN List.