3 Jun 2025
🚫OFAC Sanctions Action and Its Impact on U.S. Businesses
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.
Agencies
- Treasury Department
- Foreign Assets Control Office
Business Impact
$$$ - High
The OFAC sanctions action directly impacts U.S. businesses as it prohibits transactions with individuals on the Specially Designated Nationals and Blocked Persons List. This means businesses must ensure compliance to avoid penalties.