Search Results for keywords:"OFAC Sanctions"

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Search Results: keywords:"OFAC Sanctions"

  • Type:Notice
    Citation:89 FR 95356
    Reading Time:about 5 minutes

    The U.S. Department of Treasury's Office of Foreign Assets Control (OFAC) has added several individuals and entities to its Specially Designated Nationals and Blocked Persons List. These additions are based on evidence that they have engaged in, or are responsible for, serious human rights abuses. As a result, any property or financial assets they own within the U.S. jurisdiction are frozen, and U.S. citizens and companies are generally prohibited from dealing with them. OFAC's list can be accessed on their website for more details.

    Simple Explanation

    The U.S. Treasury Department has made a list of people and companies they don’t want others in America to do business with because they did really bad things related to human rights. This means these people can't use any money or things they have in the U.S. anymore.

  • Type:Notice
    Citation:90 FR 8097
    Reading Time:about a minute or two

    The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) announced new updates to their Specially Designated Nationals and Blocked Persons List (SDN List). This list includes names of individuals whose properties and financial interests that fall under U.S. jurisdiction are restricted, and it is generally unlawful for U.S. citizens to do business with them. In addition to adding new names, OFAC has also updated information on two individuals already on the list. Further details about the list and related sanctions are available on the OFAC website.

    Simple Explanation

    The U.S. government has made a list of people who have been naughty with their money, and now Americans aren't allowed to do business with them. They also added more info about two people already on the list, but didn't say exactly what changed.