29 Jan 2025
📜OFAC Sanctions Actions
Notice of OFAC Sanctions Actions
Summary
The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) has removed from OFAC's Specially Designated Nationals and Blocked Persons List (SDN List) the names of persons whose property and interests in property had been blocked pursuant to West Bank sanctions authorities.
Agencies
- Treasury Department
- Foreign Assets Control Office
Business Impact
$$ - Med
The notice indicates that the OFAC has removed certain entities from the SDN List, effectively allowing businesses to resume interactions with these entities without concern for sanctions. This can have financial implications for businesses previously restricted from dealing with these parties.