🛑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 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.
Agencies
- Treasury Department
- Foreign Assets Control Office
Business Impact
$$$ - High
The notice indicates that certain persons and vessels have been added to OFAC's Specially Designated Nationals and Blocked Persons List, impacting U.S. businesses' ability to engage in transactions with these entities. Non-compliance with this regulation can lead to severe penalties, necessitating awareness and potential adjustments in business practices and compliance protocols.