🚫OFAC Sanctions Action
Notice of OFAC Sanctions Action
Summary
The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) published the name of one entity that has 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 entity are blocked, and U.S. persons are generally prohibited from engaging in transactions with this entity.
Agencies
- Treasury Department
- Foreign Assets Control Office
Business Impact
$$ - Med
The notice indicates that a specific entity has been added to the OFAC SDN List, which blocks any property and prohibits U.S. persons from transactions with that entity. This creates compliance and regulatory requirements for businesses, impacting their operations and financial dealings.