Search Results for keywords:"Foreign Assets Control"

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Search Results: keywords:"Foreign Assets Control"

  • Type:Notice
    Citation:90 FR 8320
    Reading Time:about a minute or two

    The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) is announcing that certain individuals have been added to the Specially Designated Nationals and Blocked Persons List. This decision is based on OFAC's judgment that specific legal criteria have been met. As a result, all property and interests in property under U.S. jurisdiction belonging to these individuals are blocked, and U.S. citizens are generally forbidden from engaging in any transactions with them. More details, including the list, can be found on OFAC's website.

    Simple Explanation

    The government made a list of people who are not allowed to do business with American people or companies because they did something wrong. This means all their stuff in America is now locked away.

  • 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.

  • Type:Notice
    Citation:90 FR 9664
    Reading Time:about a minute or two

    The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) has added two individuals and one entity to its Specially Designated Nationals and Blocked Persons List. This means their property and interests in property under U.S. jurisdiction are blocked, and U.S. individuals and companies are generally prohibited from doing business with them. This action, which was issued on February 11, 2025, is part of OFAC's ongoing sanctions efforts. More details can be found on OFAC's website.

    Simple Explanation

    The U.S. Treasury made a special list of people and a company that Americans can’t trade with because they did something wrong, but they didn’t say who they are or why in the document.

  • Type:Notice
    Citation:90 FR 10778
    Reading Time:about a minute or two

    The U.S. Department of State's Office of Economic Sanctions Policy and Implementation has removed one person from the List of Specially Designated Nationals and Blocked Persons (SDN List). This decision, effective January 16, 2025, means that the individual is no longer subject to the restrictions imposed by Executive Order 14024, which targeted harmful foreign activities by the Russian government. More information about the SDN List and related sanctions programs can be found on the Office of Foreign Assets Control's website.

    Simple Explanation

    The U.S. Department of State has decided that one person no longer needs to be on a special list that stops them from doing business because they were linked to bad actions by the Russian government. This means that from January 16, 2025, that person can now do things like business or travel more freely.

  • Type:Notice
    Citation:90 FR 8423
    Reading Time:about a minute or two

    The Office of Foreign Assets Control (OFAC) within the U.S. Department of the Treasury has removed specific names from its Specially Designated Nationals and Blocked Persons List. These individuals had their property and interests blocked under sanctions related to the West Bank. This change follows an Executive Order issued on January 20, 2025, which revoked a previous order from February 1, 2024, that had imposed the sanctions. As a result of this action, the affected individuals' assets are no longer blocked.

    Simple Explanation

    The government decided that certain people's money and things are no longer blocked, so they removed their names from a special list, kind of like taking them off a naughty list, because a new rule replaced an old one.

  • Type:Notice
    Citation:89 FR 104610
    Reading Time:about a minute or two

    The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) has issued a notice that one or more individuals have been added to the Specially Designated Nationals and Blocked Persons List. This means that all property and interests in property in the U.S. of these individuals are blocked, and U.S. citizens are generally not allowed to do business with them. The decision was made based on the fulfillment of certain legal criteria. Additional details and the list can be found on OFAC’s website.

    Simple Explanation

    The U.S. Treasury Department has made a list of people that Americans cannot do business with because they did something wrong. They didn't say who these people are or why they're on the list, so it might be hard to understand all the details.

  • Type:Notice
    Citation:90 FR 9356
    Reading Time:about 3 minutes

    The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) has added several individuals and vessels to its Specially Designated Nationals and Blocked Persons List (SDN List). This means the property and financial interests of these individuals, under U.S. jurisdiction, are blocked, and U.S. persons cannot conduct transactions with them. The listed vessels are linked to companies whose assets are blocked due to various executive orders. OFAC also updated information for a vessel already on the SDN List.

    Simple Explanation

    The U.S. government is telling people that they have a list of certain people and boats that Americans can’t do business with because those people did something wrong according to certain rules.

  • Type:Notice
    Citation:86 FR 7458
    Reading Time:about 9 minutes

    The Office of Foreign Assets Control (OFAC), a part of the U.S. Department of the Treasury, has released a list of individuals, entities, and vessels now on their Specially Designated Nationals and Blocked Persons List. This action is based on OFAC's criteria, which show these parties meet specific legal standards and are connected with Venezuela's economic sectors, especially oil. The inclusion means all their U.S. assets are blocked, and U.S. persons are generally banned from doing business with them. The list includes people and companies from various countries such as Switzerland, Italy, Venezuela, and entities linked to the Venezuelan oil industry.

    Simple Explanation

    The U.S. Treasury made a list of people and companies that did something wrong with money, especially in Venezuela, and said that Americans can't do business with them anymore. They froze their U.S. assets and said if anyone needs to know more, they should look it up themselves.

  • Type:Notice
    Citation:90 FR 8422
    Reading Time:about a minute or two

    The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) announced that it has added an individual's name to its Specially Designated Nationals and Blocked Persons List (SDN List). This action means the person's property and assets under U.S. jurisdiction are blocked, and U.S. citizens and businesses are not allowed to conduct transactions with them. This decision was made because the individual met certain legal criteria. More information and the full list can be found on OFAC's website.

    Simple Explanation

    The government has put a person on a special list because they did something wrong, so now people in America can't do business with them. This means their stuff in America is "frozen" and can't be used.

  • Type:Notice
    Citation:86 FR 4177
    Reading Time:about a minute or two

    The Office of Foreign Assets Control (OFAC) within the U.S. Treasury Department announced that they have added certain individuals to their Specially Designated Nationals and Blocked Persons List. This designation means these individuals' properties within the U.S. are blocked, and U.S. individuals and businesses are not allowed to engage in transactions with them. The updated list and further details on OFAC's sanctions are available on their official website.

    Simple Explanation

    The government made a list of people whose money and things in the U.S. are "frozen," which means others can't use them or do business with these people. This helps make sure bad guys don't get to use their stuff in the U.S.

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