Type:Notice
Citation:90 FR 2785
Reading Time:about a minute or two
The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) has announced that it has added certain individuals to its Specially Designated Nationals and Blocked Persons List. This means that any property these individuals own that falls under U.S. jurisdiction is now blocked. Additionally, U.S. citizens are generally not allowed to conduct business or transactions with these individuals. More details and the complete list are available on OFAC's website.
Simple Explanation
The U.S. government has made a list of people that other Americans should not do business with because they've been naughty. If someone in America has something that belongs to these people, they have to hold onto it and not give it back.