🚫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 this person is blocked, and U.S. persons are generally prohibited from engaging in transactions with them.
Agencies
- Treasury Department
- Foreign Assets Control Office
Business Impact
$$ - Med
The text outlines OFAC sanctions affecting U.S. persons' ability to engage in transactions with designated entities. Business owners must ensure compliance, as violations can lead to significant legal and financial penalties. Blocking property and interests in property also impacts financial institutions and related business dealings.