Search Results for keywords:"foreign assets control"

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Search Results: keywords:"foreign assets control"

  • Type:Notice
    Citation:90 FR 10986
    Reading Time:about 2 minutes

    The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) has updated its Specially Designated Nationals and Blocked Persons List (SDN List). This list now includes certain people and vessels whose property and interests are blocked under U.S. law due to their connections with sanctioned entities. U.S. individuals and entities are generally prohibited from engaging in transactions with those listed. This action, effective February 24, 2025, includes several crude oil tankers linked to blocked companies under Executive Order 13902.

    Simple Explanation

    The government has made a list of people and ships that it's not okay to do business with because they broke some important rules. This means if these people or ships have things in the U.S., those things are put on pause and can't be used.

  • Type:Notice
    Citation:90 FR 7765
    Reading Time:about 2 hours

    The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) has released a notice listing individuals, companies, and vessels that have been added to the OFAC's Specially Designated Nationals and Blocked Persons List (SDN List). This designation is based on various legal criteria, primarily relating to activities in the Russian Federation's energy and financial services sectors. The properties and interests of these entities, under the U.S. jurisdiction, are blocked, and American citizens and companies are generally restricted from conducting transactions with them. The notice includes detailed information, including dates, contact details, and online resources for further information on these sanctions.

    Simple Explanation

    The U.S. government has made a list of people and boats they don't want Americans to do business with because they are breaking important rules. If someone is on this list, it means their stuff in the U.S. is kind of "frozen," and people here should stay away from them.

  • 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.

  • 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.

  • 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.

  • 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.

  • 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.

  • 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.

  • Type:Notice
    Citation:90 FR 11581
    Reading Time:about a minute or two

    The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) has added a person to its Specially Designated Nationals and Blocked Persons List. This decision was made because the person met the criteria set out in Executive Order 14059 related to global illicit drug trade sanctions. As a result, all their property and interests within U.S. jurisdiction are blocked, and U.S. citizens are generally not allowed to have financial dealings with them. The decision was issued on March 4, 2025.

    Simple Explanation

    The U.S. government (like a big group of grown-ups who make rules) has decided one person did something wrong, so they put this person on a special 'not allowed' list. This means no one in the U.S. is supposed to give them money or buy things from them.

  • 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.

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