29 Jan 2025
📜OFAC Sanctions Notice
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 persons whose property and interests in property have been unblocked and who have been removed from the list of Specially Designated Nationals and Blocked Persons.
Agencies
- Treasury Department
- Foreign Assets Control Office
Business Impact
$$ - Med
The notice outlines the unblocking of individuals and entities from the OFAC sanctions list, which can significantly impact compliance and regulatory requirements for businesses. Companies may need to adjust operations or reevaluate partnerships with these parties. This can also signal changes in potential trade relationships and exposure to new markets.