🚫Department of State Sanctions on Weapons Proliferators
Notice of Department of State Sanctions Actions Pursuant to the Executive Order Regarding Blocking Property of Weapons of Mass Destruction Proliferators and Their Supporters
Summary
The Department of State is publishing the names of one or more persons that have been placed on the Department of the Treasury's List of Specially Designated Nationals and Blocked Persons (SDN List) administered by the Office of Foreign Assets Control (OFAC) based on the Department of State's determination, in consultation with other departments, as appropriate, that one or more applicable legal criteria of the E.O. regarding blocking property of weapons of mass destruction proliferators and their supporters 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.
Agencies
- State Department
Business Impact
$$$ - High
The text details sanctions imposed on specific individuals and entities involved in weapons proliferation, with property and transactions concerning them blocked under U.S. jurisdiction. This creates a compliance obligation for U.S. businesses to ensure they are not engaging in transactions with listed parties, impacting business operations and partnerships.