Search Results for keywords:"OFAC Sanctions"

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Search Results: keywords:"OFAC Sanctions"

  • 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: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:89 FR 104606
    Reading Time:about 8 minutes

    The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) has announced that certain individuals and companies have been added to its Specially Designated Nationals and Blocked Persons List (SDN List). This action is in line with Executive Order 14059, which targets individuals involved in the global illegal drug trade. Consequently, their assets in the United States are frozen, and U.S. citizens are prohibited from conducting business with them. This decision was made on December 17, 2024, and additional information is available on the OFAC website.

    Simple Explanation

    The U.S. government has added certain people and companies who are involved in illegal drug activities to a special list that freezes their money and stops Americans from doing business with them. They did this to try to stop bad guys from making or selling drugs.

  • 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 12936
    Reading Time:about 3 minutes

    The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) announced that several individuals and vessels have been placed on the Specially Designated Nationals and Blocked Persons List (SDN List). This decision is based on their determination that the legal criteria for sanctions were met. As a result, their property and interests in these properties under U.S. jurisdiction are blocked, and U.S. persons are generally prohibited from conducting transactions with them. The listed vessels are associated with entities that are blocked under Executive Order 13902, emphasizing their link to Iranian interests.

    Simple Explanation

    The government decided that some people and boats did something they shouldn't have, so their stuff is now off-limits, and U.S. people can’t do business with them.

  • Type:Notice
    Citation:89 FR 95356
    Reading Time:about 5 minutes

    The U.S. Department of Treasury's Office of Foreign Assets Control (OFAC) has added several individuals and entities to its Specially Designated Nationals and Blocked Persons List. These additions are based on evidence that they have engaged in, or are responsible for, serious human rights abuses. As a result, any property or financial assets they own within the U.S. jurisdiction are frozen, and U.S. citizens and companies are generally prohibited from dealing with them. OFAC's list can be accessed on their website for more details.

    Simple Explanation

    The U.S. Treasury Department has made a list of people and companies they don’t want others in America to do business with because they did really bad things related to human rights. This means these people can't use any money or things they have in the U.S. anymore.

  • 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.

  • Type:Notice
    Citation:90 FR 8097
    Reading Time:about a minute or two

    The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) announced new updates to their Specially Designated Nationals and Blocked Persons List (SDN List). This list includes names of individuals whose properties and financial interests that fall under U.S. jurisdiction are restricted, and it is generally unlawful for U.S. citizens to do business with them. In addition to adding new names, OFAC has also updated information on two individuals already on the list. Further details about the list and related sanctions are available on the OFAC website.

    Simple Explanation

    The U.S. government has made a list of people who have been naughty with their money, and now Americans aren't allowed to do business with them. They also added more info about two people already on the list, but didn't say exactly what changed.

  • Type:Notice
    Citation:89 FR 106745
    Reading Time:about 6 minutes

    The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) has announced updates to the Specially Designated Nationals and Blocked Persons List (SDN List). These updates include the addition of certain individuals and vessels linked to entities involved in terrorism or sanctioned activities, resulting in the blocking of their property and interests within U.S. jurisdiction. Moreover, the penalties imposed under the Countering America's Adversaries Through Sanctions Act (CAATSA) have been applied to the GHEZEL HESAR Prison in Iran, citing involvement in human rights abuses. These measures restrict U.S. persons from engaging in transactions with the listed parties.

    Simple Explanation

    The U.S. Treasury's special office is blocking some people and boats because they did bad things, like helping terrorists. This means Americans can't do business with them.

  • Type:Notice
    Citation:90 FR 7735
    Reading Time:about a minute or two

    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.

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