Search Results for keywords:"foreign assets control"

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Search Results: keywords:"foreign assets control"

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  • 2025-06577 — Notice of OFAC Sanctions Action
    Type:Notice
    Citation:90 FR 16424
    Reading Time:about a minute or two

    The Office of Foreign Assets Control (OFAC), part of the U.S. Department of the Treasury, has published names of individuals added to the Specially Designated Nationals and Blocked Persons List (SDN List). These individuals have had their property and interests within U.S. jurisdiction blocked, and U.S. individuals and companies are generally not allowed to conduct business with them. The action was effective as of April 9, 2025. Further information about the sanctions can be found on the OFAC website.

    Simple Explanation

    The U.S. government has made a list of people they are not allowed to trade with because they might be doing bad things, and they are making sure these people can't use their money in the U.S. anymore.

  • 2020-28363 — Notice of OFAC Sanctions Actions
    Type:Notice
    Citation:86 FR 186
    Reading Time:about a minute or two

    The Office of Foreign Assets Control (OFAC), part of the U.S. Treasury Department, has announced that certain individuals have been added to their Specially Designated Nationals and Blocked Persons List. This determination was made because the individuals met specific legal criteria. As a result, these individuals' assets and property within the U.S. are blocked, and U.S. citizens are generally prohibited from engaging in transactions with them. For more information, OFAC's website offers additional resources on these sanctions.

    Simple Explanation

    The U.S. Treasury Department's Office of Foreign Assets Control (OFAC) has put some people on a special list because they broke certain rules. This means their money and stuff in the U.S. are frozen, and people in the U.S. can't do business with them.

  • 2024-30373 — Notice of OFAC Sanctions Actions
    Type:Notice
    Citation:89 FR 104309
    Reading Time:about 4 minutes

    The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) has published names of individuals added to the Specially Designated Nationals and Blocked Persons List. These persons have been sanctioned because they are believed to have helped with corruption or supported someone involved in such activities. As a result, their property within the U.S. is blocked and U.S. persons are generally forbidden from engaging in transactions with them. The notice lists individuals primarily linked to Kamlesh Mansukhlal Damji Pattni and is part of OFAC's ongoing sanctions efforts under Executive Order 13818.

    Simple Explanation

    The U.S. government made a list of people they think were helping with bad behavior, like corruption, and said nobody in the U.S. can do business with them. These people's things in the U.S. are also locked up and can't be used.

  • 2025-06794 — Notice of OFAC Sanctions Action
    Type:Notice
    Citation:90 FR 16769
    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 and vessels to its Specially Designated Nationals and Blocked Persons List (SDN List). This action, determined on April 16, 2025, means that assets owned by these people within U.S. jurisdiction are blocked. Additionally, U.S. citizens are generally prohibited from conducting transactions with them. More information about these sanctions and the SDN List can be found on the OFAC website.

    Simple Explanation

    The U.S. government made a list of people and boats that they say were naughty, so now nobody in America is allowed to play or do business with them.

  • 2025-04864 — Reporting, Procedures and Penalties Regulations
    Type:Rule
    Citation:90 FR 13286
    Reading Time:about 4 minutes

    The Office of Foreign Assets Control (OFAC) of the Treasury Department is finalizing a rule to extend recordkeeping requirements from five to ten years. This change aligns with the statute of limitations for violations of certain sanctions. Despite comments requesting more time and concerns about EU regulations, the rule will be implemented without adjustments. The rule is effective as of March 21, 2025, and does not require a public comment period due to its procedural nature.

    Simple Explanation

    The government has decided that people need to keep important papers and records for 10 years instead of 5 years. This change is to make sure rules that protect against bad things are followed, even if it takes a long time to catch someone breaking the rules.

  • 2024-30415 — Notice of OFAC Sanctions Action
    Type:Notice
    Citation:89 FR 104308
    Reading Time:about a minute or two

    The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) has announced that they are adding one or more persons to their Specially Designated Nationals and Blocked Persons List (SDN List). This action means that any property or interests these individuals have within the United States are now blocked. As a result, people in the U.S. are generally not allowed to conduct transactions with these individuals. The decision was effective as of December 17, 2024.

    Simple Explanation

    The U.S. Treasury Department has decided to put some people on a special list because they did something that makes it so people in the U.S. can't do business with them anymore. This means any things these people own in the U.S. are now frozen and can't be touched.

  • 2021-00173 — Notice of OFAC Sanctions Actions
    Type:Notice
    Citation:86 FR 1581
    Reading Time:about a minute or two

    The Office of Foreign Assets Control (OFAC), part of the U.S. Treasury Department, announced its decision to add certain individuals to its Specially Designated Nationals and Blocked Persons List. This means that these individuals' property and interests within the United States are blocked, and American citizens are generally not allowed to conduct transactions with them. This action is based on OFAC's conclusion that the affected individuals met specific legal criteria for sanctions. Additional details and resources can be found on the OFAC website.

    Simple Explanation

    The U.S. Treasury made a list of people that Americans are not allowed to do business with because the government thinks they've broken certain rules. This list helps keep everyone safe, but they didn't say who exactly is on it or why.

  • 2024-30617 — Notice of OFAC Sanctions Action
    Type:Notice
    Citation:89 FR 104608
    Reading Time:about a minute or two

    The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) announced that certain individuals have been added to the Specially Designated Nationals and Blocked Persons List (SDN List), as they met the legal criteria for inclusion. This means their property and financial interests in the U.S. are blocked, and U.S. citizens are generally not allowed to conduct transactions with them. The names are published to inform the public and to ensure compliance with the sanctions. For more information, the SDN List and details on OFAC sanctions programs can be accessed on the OFAC website.

    Simple Explanation

    The U.S. government has added some people to a list called the SDN List because they did something that broke the rules. This means U.S. people can't do business with them, and their stuff in the U.S. is frozen, like when ice stops things from moving.

  • 2024-28084 — Notice of OFAC Sanctions Actions
    Type:Notice
    Citation:89 FR 95355
    Reading Time:about 2 minutes

    The Office of Foreign Assets Control (OFAC), part of the U.S. Department of the Treasury, has announced sanctions against individuals now included on the Specially Designated Nationals and Blocked Persons List (SDN List). These individuals have been identified as involved in serious human rights abuses or corruption. As a result, all their properties and interests within the U.S. are blocked, and American citizens are not allowed to conduct any transactions with them. This action is part of OFAC's efforts to combat human rights abuses globally.

    Simple Explanation

    The U.S. government has put some people on a special list because they've done bad things, like being mean to others or stealing. Now, their stuff in the U.S. is frozen, and Americans aren't allowed to buy from or sell to them.

  • 2025-06770 — Notice of OFAC Sanctions Actions
    Type:Notice
    Citation:90 FR 16772
    Reading Time:about 4 minutes

    The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) has added several individuals to its Specially Designated Nationals and Blocked Persons List (SDN List). This action blocks all their property and interests in property that fall under U.S. jurisdiction, prohibiting U.S. individuals from doing business with them. These individuals are linked to La Nueva Familia Michoacana, a group involved in illicit drug trade and activities related to terrorism. The sanctions are imposed under Executive Orders 14059 and 13224.

    Simple Explanation

    The U.S. Treasury said some people are now on a list that means all their stuff in the U.S. is frozen, and no one there can do business with them because they do bad things with drugs and help bad guys.

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