🚫OFAC Sanctions Action Notice for January 2025 - Business Impact
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 individual 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 individual are blocked, and U.S. persons are generally prohibited from engaging in transactions with this individual.
Agencies
- Treasury Department
- Foreign Assets Control Office
Business Impact
$$ - Med
The OFAC notice indicates a financial regulatory action that impacts U.S. businesses by prohibiting transactions with a designated individual, which requires compliance and may affect business operations. The blocking of property and interests poses a legal risk for businesses engaging in international trade or those utilizing foreign assets.