📜OFAC Sanctions Notice
Notice of OFAC Sanctions Action
Summary
The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) is publishing the names of one or more persons that have 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 person are blocked, and U.S. persons are generally prohibited from engaging in transactions with this person.
Agencies
- Treasury Department
- Foreign Assets Control Office
Business Impact
$$ - Med
The notice indicates significant regulatory action from OFAC, which imposes restrictions on U.S. businesses engaging with individuals on the SDN List. This impacts compliance requirements and affects potential transactions, necessitating awareness and possible changes in business practices.