Search Results for keywords:"legal criteria for sanctions"

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Search Results: keywords:"legal criteria for sanctions"

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  • 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.

  • 2024-30248 — Notice of OFAC Sanctions Action
    Type:Notice
    Citation:89 FR 103921
    Reading Time:about a minute or two

    The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) has published a notice listing individuals or entities added to the Specially Designated Nationals and Blocked Persons List (SDN List). This means their assets under U.S. jurisdiction are blocked, and American individuals and companies are generally banned from engaging in transactions with them. The notice fulfills applicable legal criteria for sanctions. More information is available on the OFAC website.

    Simple Explanation

    The U.S. Treasury has named some people or companies that they won't do business with anymore, and now others in the U.S. can't either because their things are on a special blocked list.

  • 2024-29379 — Notice of OFAC Sanctions Action
    Type:Notice
    Citation:89 FR 101096
    Reading Time:about a minute or two

    The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) added one entity and one individual to its Specially Designated Nationals and Blocked Persons List (SDN List) as of December 10, 2024. This action means that all their property and interests in property within U.S. jurisdiction are blocked, and U.S. persons generally cannot conduct transactions with them. The details of this update, including the SDN List, are available on OFAC's website.

    Simple Explanation

    The U.S. government has added one person and one company to a special list that means no one in the U.S. is allowed to do business with them because they're in trouble. All their stuff in the U.S. is frozen, like when you can't touch something in the freezer until you're told it's okay.