🚫OFAC Sanctions Action
Notice of OFAC Sanctions Action
Summary
The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) is publishing the names of one or more persons and vessels 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. The vessels placed on the SDN List have been identified as property in which a blocked person has an interest. OFAC is also updating the entry on the SDN List for one person.
Agencies
- Treasury Department
- Foreign Assets Control Office
Business Impact
$$$ - High
This content involves compliance and regulatory requirements, specifically sanctions imposed by OFAC on individuals and vessels. U.S. persons are prohibited from transactions with sanctioned entities, which affects businesses that may have dealings with these parties.