Search Results for keywords:"transactions prohibited"

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Search Results: keywords:"transactions prohibited"

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  • 2025-02897 — Notice of Department of State Sanctions Actions Pursuant to the Executive Order Regarding Blocking Property With Respect to Specified Harmful Foreign Activities of the Government of the Russian Federation
    Type:Notice
    Citation:90 FR 10270
    Reading Time:about a minute or two

    The Department of State has released the names of individuals added to the Department of Treasury's List of Specially Designated Nationals and Blocked Persons (SDN List), due to their involvement in harmful activities related to the Russian government. This action was taken under an Executive Order, and as a result, any property these individuals have in the U.S. is now blocked. Additionally, U.S. citizens are not allowed to conduct any transactions with them. More information about the sanctions can be found on the Office of Foreign Asset Control (OFAC) website.

    Simple Explanation

    The U.S. government found some people working with Russia who are doing bad things, and now these people can't use their stuff in the U.S., and no one in the U.S. is allowed to do business with them.

  • 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.