Type:Notice
Citation:90 FR 11205
Reading Time:about a minute or two
The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) has added certain individuals to its Specially Designated Nationals and Blocked Persons List (SDN List). These individuals' property and interests under U.S. jurisdiction are now blocked, and U.S. citizens are generally not allowed to engage in transactions with them. This decision was made on February 26, 2025, and more information can be found on the OFAC website.
Simple Explanation
The Treasury Department is telling people that some new names have been added to a special list of people they are not allowed to trade with because the U.S. says so. This means they can't buy or sell things with these people now.