🚫OFAC Sanctions Notice
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 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. Additionally, OFAC is updating the identifying information of one person currently included on the SDN List.
Agencies
- Treasury Department
- Foreign Assets Control Office
Business Impact
$$$ - High
The notice pertains to sanctions actions by OFAC against individuals and entities involved in illicit drug trade and terrorism, which directly impacts U.S. businesses by restricting transactions. Companies must ensure compliance with these sanctions to avoid penalties, making it a regulatory requirement.