The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) has announced a new action against certain individuals, adding them to the Specially Designated Nationals and Blocked Persons List. This action, effective from January 15, 2025, blocks all property and interests in property these individuals have within U.S. jurisdiction. Additionally, Americans are generally prohibited from conducting transactions with the listed individuals. More information and the updated list can be accessed on OFAC's website.
Simple Explanation
The U.S. Treasury has decided that some people are no longer allowed to do business with anyone in America because they broke important rules. This means that their U.S. stuff is locked up, and Americans can't deal with them.