Search Results for keywords:"Secondary sanctions risk"

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Search Results: keywords:"Secondary sanctions risk"

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  • 2025-02470 — Notice of OFAC Sanctions Action
    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.

  • 2025-01578 — Notice of OFAC Sanctions Action
    Type:Notice
    Citation:90 FR 8090
    Reading Time:about 3 minutes

    The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) has added new individuals to its Specially Designated Nationals and Blocked Persons List, based on specific legal criteria. These individuals have been identified as being involved in harmful foreign activities linked to the Russian Federation. Consequently, their property and interests in the U.S. are blocked, and U.S. persons cannot engage in transactions with them. One such entity is OJSC Keremet Bank from Kyrgyzstan, which has been targeted due to its significant transactions involving Russia's military-industrial sector.

    Simple Explanation

    The U.S. government has decided to stop some people and a bank from doing business in the country because they did something bad related to Russia. This means these people and the bank can't use their money or things in the U.S. anymore.