🚫OFAC Sanctions Actions and Their Impact on Businesses
Notice of OFAC Sanctions Actions
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 content outlines sanctions imposed by OFAC on a designated individual linked to the illicit drug trade. U.S. businesses must comply with these sanctions, which prohibits any transactions with affected parties, potentially impacting business operations and partnerships.