Search Results for agency_names:"Foreign Assets Control Office"

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Search Results: agency_names:"Foreign Assets Control Office"

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  • 2025-03819 — Notice of OFAC Sanctions Action
    Type:Notice
    Citation:90 FR 11775
    Reading Time:about a minute or two

    The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) announced that one person and one organization have been added to their Specially Designated Nationals and Blocked Persons List. This decision was made because they met certain legal criteria under U.S. sanctions programs. As a result, all assets these parties have in the U.S. are blocked, and Americans are generally not allowed to do business with them. This action was taken on March 5, 2025, and more details can be found on OFAC's website.

    Simple Explanation

    The U.S. government has put a stop sign for one person and one company, saying no one in the U.S. can do business with them because they've done something wrong. They've locked up any stuff they have in the U.S., sort of like taking away their toys until they behave better.

  • 2025-01433 — Notice of OFAC Sanctions Action
    Type:Notice
    Citation:90 FR 7765
    Reading Time:about 2 hours

    The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) has released a notice listing individuals, companies, and vessels that have been added to the OFAC's Specially Designated Nationals and Blocked Persons List (SDN List). This designation is based on various legal criteria, primarily relating to activities in the Russian Federation's energy and financial services sectors. The properties and interests of these entities, under the U.S. jurisdiction, are blocked, and American citizens and companies are generally restricted from conducting transactions with them. The notice includes detailed information, including dates, contact details, and online resources for further information on these sanctions.

    Simple Explanation

    The U.S. government has made a list of people and boats they don't want Americans to do business with because they are breaking important rules. If someone is on this list, it means their stuff in the U.S. is kind of "frozen," and people here should stay away from them.

  • 2025-03722 — Notice of OFAC Sanctions Action
    Type:Notice
    Citation:90 FR 11581
    Reading Time:about a minute or two

    The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) has added a person to its Specially Designated Nationals and Blocked Persons List. This decision was made because the person met the criteria set out in Executive Order 14059 related to global illicit drug trade sanctions. As a result, all their property and interests within U.S. jurisdiction are blocked, and U.S. citizens are generally not allowed to have financial dealings with them. The decision was issued on March 4, 2025.

    Simple Explanation

    The U.S. government (like a big group of grown-ups who make rules) has decided one person did something wrong, so they put this person on a special 'not allowed' list. This means no one in the U.S. is supposed to give them money or buy things from them.

  • 2024-30373 — Notice of OFAC Sanctions Actions
    Type:Notice
    Citation:89 FR 104309
    Reading Time:about 4 minutes

    The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) has published names of individuals added to the Specially Designated Nationals and Blocked Persons List. These persons have been sanctioned because they are believed to have helped with corruption or supported someone involved in such activities. As a result, their property within the U.S. is blocked and U.S. persons are generally forbidden from engaging in transactions with them. The notice lists individuals primarily linked to Kamlesh Mansukhlal Damji Pattni and is part of OFAC's ongoing sanctions efforts under Executive Order 13818.

    Simple Explanation

    The U.S. government made a list of people they think were helping with bad behavior, like corruption, and said nobody in the U.S. can do business with them. These people's things in the U.S. are also locked up and can't be used.

  • 2021-01521 — Notice of OFAC Sanctions Action
    Type:Notice
    Citation:86 FR 6969
    Reading Time:about a minute or two

    The Department of the Treasury's Office of Foreign Assets Control (OFAC) has updated its Specially Designated Nationals and Blocked Persons List. This update includes individuals and entities that have met specific legal criteria under Executive Order 13818, related to human rights abuses or corruption. As a result, any property and interests in property they have within U.S. jurisdiction are frozen, and U.S. persons are generally not allowed to engage in financial transactions with them. The details of the designated individuals and entities, including reasons for their designation, are available on the OFAC website.

    Simple Explanation

    The U.S. government made a list of people and groups from other countries who did bad things like hurting others or stealing money, and they're telling everyone in the U.S. not to do business with them. Any of their stuff that is in the U.S. gets taken away to stop them from continuing those bad actions.

  • 2025-05028 — Notice of OFAC Sanctions Action
    Type:Notice
    Citation:90 FR 13661
    Reading Time:about a minute or two

    The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) has published the names of certain individuals and ships that are now on the Specially Designated Nationals and Blocked Persons List (SDN List). This means their assets in the U.S. are blocked, and most U.S. citizens cannot conduct business with them. The decision is based on legal criteria met by these individuals or vessels, and relevant details will be available through OFAC's website. This action officially took place on March 20, 2025.

    Simple Explanation

    The U.S. Treasury's Office of Foreign Assets Control (OFAC) has made a list of people and ships whose U.S. assets are frozen, and most Americans cannot do business with them. This is because they did something that broke the rules, but the document doesn't say who they are or what rules they broke exactly.

  • 2025-01119 — Notice of OFAC Sanctions Actions
    Type:Notice
    Citation:90 FR 6097
    Reading Time:about 2 minutes

    The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) announced the removal of certain individuals and entities from the Specially Designated Nationals and Blocked Persons List. This action means that the property and financial interests of these individuals and companies, which were previously blocked due to their connection to the situation in Venezuela, are no longer restricted by the U.S. government. The update includes detailed information about the individuals and companies affected by this change. The announcement can be found on OFAC’s website.

    Simple Explanation

    The U.S. government has decided to stop blocking the money and things belonging to some people and companies that were on a list because of their ties to Venezuela. This means these people and companies can now use their money and things without any trouble from the U.S. government.

  • 2025-01880 — Notice of OFAC Sanctions Actions
    Type:Notice
    Citation:90 FR 8427
    Reading Time:about 3 minutes

    The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) has announced that it has removed several individuals and entities from the Specially Designated Nationals and Blocked Persons List, unblocking their property and interests. The individuals are from Colombia and Mexico, with links to various companies and associations. As a part of this notice, the release of their information is effective as of December 11, 2024. Additional information about OFAC's sanctions programs can be found on their official website.

    Simple Explanation

    The U.S. Treasury said some people from Colombia and Mexico are no longer on their naughty list, which means they can now use their stuff again.

  • 2025-01306 — Notice of OFAC Sanctions Action
    Type:Notice
    Citation:90 FR 7245
    Reading Time:less than a minute

    The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) announced that it has added one entity to its Specially Designated Nationals and Blocked Persons List (SDN List). This means that all properties and interests owned by this entity within U.S. jurisdiction are blocked, and U.S. citizens are generally not allowed to do business with them. This action follows OFAC's determination that certain legal criteria have been met, and it was officially issued on January 3, 2025. For more details, people can visit OFAC's official website.

    Simple Explanation

    The U.S. government has decided that a certain company is not allowed to do business with people in the U.S. because they've broken some rules, but they haven't said which company or which rules yet.

  • 2024-28084 — Notice of OFAC Sanctions Actions
    Type:Notice
    Citation:89 FR 95355
    Reading Time:about 2 minutes

    The Office of Foreign Assets Control (OFAC), part of the U.S. Department of the Treasury, has announced sanctions against individuals now included on the Specially Designated Nationals and Blocked Persons List (SDN List). These individuals have been identified as involved in serious human rights abuses or corruption. As a result, all their properties and interests within the U.S. are blocked, and American citizens are not allowed to conduct any transactions with them. This action is part of OFAC's efforts to combat human rights abuses globally.

    Simple Explanation

    The U.S. government has put some people on a special list because they've done bad things, like being mean to others or stealing. Now, their stuff in the U.S. is frozen, and Americans aren't allowed to buy from or sell to them.

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