Search Results for keywords:"transaction prohibition"

Found 7 results

Search Results: keywords:"transaction prohibition"

💰 Only
Oldest Newest
  • 2025-01306 — Notice of OFAC Sanctions Action
    Type:Notice
    Citation:90 FR 7245
    Reading Time:less than a minute

    The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) announced that it has added one entity to its Specially Designated Nationals and Blocked Persons List (SDN List). This means that all properties and interests owned by this entity within U.S. jurisdiction are blocked, and U.S. citizens are generally not allowed to do business with them. This action follows OFAC's determination that certain legal criteria have been met, and it was officially issued on January 3, 2025. For more details, people can visit OFAC's official website.

    Simple Explanation

    The U.S. government has decided that a certain company is not allowed to do business with people in the U.S. because they've broken some rules, but they haven't said which company or which rules yet.

  • 2021-00767 — Notice of OFAC Sanctions Actions
    Type:Notice
    Citation:86 FR 4177
    Reading Time:about a minute or two

    The Office of Foreign Assets Control (OFAC) within the U.S. Treasury Department announced that they have added certain individuals to their Specially Designated Nationals and Blocked Persons List. This designation means these individuals' properties within the U.S. are blocked, and U.S. individuals and businesses are not allowed to engage in transactions with them. The updated list and further details on OFAC's sanctions are available on their official website.

    Simple Explanation

    The government made a list of people whose money and things in the U.S. are "frozen," which means others can't use them or do business with these people. This helps make sure bad guys don't get to use their stuff in the U.S.

  • 2025-00478 — Notice of OFAC Sanctions Action
    Type:Notice
    Citation:90 FR 2785
    Reading Time:about a minute or two

    The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) has announced that it has added certain individuals to its Specially Designated Nationals and Blocked Persons List. This means that any property these individuals own that falls under U.S. jurisdiction is now blocked. Additionally, U.S. citizens are generally not allowed to conduct business or transactions with these individuals. More details and the complete list are available on OFAC's website.

    Simple Explanation

    The U.S. government has made a list of people that other Americans should not do business with because they've been naughty. If someone in America has something that belongs to these people, they have to hold onto it and not give it back.

  • 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.

  • 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.

  • 2025-01875 — Notice of OFAC Sanctions Action
    Type:Notice
    Citation:90 FR 8422
    Reading Time:about a minute or two

    The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) announced that it has added an individual's name to its Specially Designated Nationals and Blocked Persons List (SDN List). This action means the person's property and assets under U.S. jurisdiction are blocked, and U.S. citizens and businesses are not allowed to conduct transactions with them. This decision was made because the individual met certain legal criteria. More information and the full list can be found on OFAC's website.

    Simple Explanation

    The government has put a person on a special list because they did something wrong, so now people in America can't do business with them. This means their stuff in America is "frozen" and can't be used.

  • 2025-01432 — Notice of OFAC Sanctions Action
    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.