🚫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 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 generally are prohibited from engaging in transactions with them.
Agencies
- Treasury Department
- Foreign Assets Control Office
Business Impact
$$$ - High
The notice involves the designation of individuals on OFAC's SDN List, blocking U.S. persons from engaging in transactions with them. This impacts business compliance requirements, as organizations must ensure they do not conduct business with these individuals, reflecting a regulatory risk and necessitating heightened due diligence.