Type:Notice
Citation:90 FR 8428
Reading Time:about a minute or two
The Office of Foreign Assets Control (OFAC), part of the U.S. Treasury Department, added one entity to its Specially Designated Nationals and Blocked Persons List (SDN List) as of January 17, 2025. This means all of the entity's property and interests in the United States are blocked, and U.S. people are not allowed to do business with it. The decision was made because the entity met certain legal criteria. More information and the SDN List can be found on OFAC's website.
Simple Explanation
The U.S. Treasury Department has a special list of people and companies that Americans can't trade with, because they did something wrong. They just added a new company to this list, but they didn't say why or who it is.