🚫OFAC Sanctions Action Impacting Business Compliance – January 2025
Notice of OFAC Sanctions Action
Summary
The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) is publishing 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 them.
Agencies
- Treasury Department
- Foreign Assets Control Office
Business Impact
$$ - Med
The OFAC sanctions action directly impacts U.S. businesses, as U.S. persons are prohibited from engaging in transactions with the newly designated entity. Compliance with these regulations is mandatory, influencing business operations and financial transactions.