🔒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 individual that has 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 this individual is blocked, and U.S. persons are generally prohibited from engaging in transactions with him.
Agencies
- Treasury Department
- Foreign Assets Control Office
Business Impact
$$$ - High
The notice about the OFAC sanctions on a designated individual has direct financial implications as U.S. persons are prohibited from engaging in transactions with him. This could affect businesses operating internationally or in sectors at risk of non-compliance with OFAC regulations.