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 from OFAC indicates changes in the sanctions status of specific individuals and entities, which directly affects compliance and regulatory requirements for U.S. businesses. Companies engaging in international transactions must ensure they are not doing business with these individuals or entities. Failure to comply can result in significant financial penalties.