Search Results for keywords:"Foreign Assets Control"

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Search Results: keywords:"Foreign Assets Control"

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  • 2024-30821 — Notice of OFAC Sanctions Actions
    Type:Notice
    Citation:89 FR 105687
    Reading Time:about a minute or two

    The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) has added several individuals from Uzbekistan to its Specially Designated Nationals and Blocked Persons List. These individuals have been identified as being involved in serious human rights abuses. As a result, all their properties and interests in property within U.S. jurisdiction are blocked, and U.S. citizens are generally barred from conducting transactions with them. The publication of this information ensures compliance and raises awareness about these sanctions.

    Simple Explanation

    The U.S. Treasury Department has decided that some people from Uzbekistan did bad things, so they can't use their money or things in the U.S., and people in the U.S. can't do business with them.

  • 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.

  • 2025-01578 — Notice of OFAC Sanctions Action
    Type:Notice
    Citation:90 FR 8090
    Reading Time:about 3 minutes

    The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) has added new individuals to its Specially Designated Nationals and Blocked Persons List, based on specific legal criteria. These individuals have been identified as being involved in harmful foreign activities linked to the Russian Federation. Consequently, their property and interests in the U.S. are blocked, and U.S. persons cannot engage in transactions with them. One such entity is OJSC Keremet Bank from Kyrgyzstan, which has been targeted due to its significant transactions involving Russia's military-industrial sector.

    Simple Explanation

    The U.S. government has decided to stop some people and a bank from doing business in the country because they did something bad related to Russia. This means these people and the bank can't use their money or things in the U.S. anymore.

  • 2021-02702 — Notice of OFAC Sanctions Actions
    Type:Notice
    Citation:86 FR 8988
    Reading Time:about a minute or two

    The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) has released the names of individuals placed on a list known as the Specially Designated Nationals and Blocked Persons List. This designation means their property and interests in property within the U.S. are blocked, and U.S. citizens are generally restricted from conducting transactions with them. The document specifically mentions Shanghai Saint Logistics Limited and describes its involvement and linkage to MAHAN AIR, which has been designated under U.S. sanctions aimed at counter-terrorism efforts. The information can be found on the OFAC website.

    Simple Explanation

    The U.S. Treasury has named a company called Shanghai Saint Logistics Limited on a special list because they did something that the U.S. doesn't like, so now they can't do business in the U.S., and people in the U.S. can't trade with them.

  • 2024-31655 — Notice of OFAC Sanctions Action
    Type:Notice
    Citation:90 FR 739
    Reading Time:about a minute or two

    The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) has published the names of individuals who are now on the Specially Designated Nationals and Blocked Persons List (SDN List). This action is based on OFAC's determination that certain legal criteria were met. As a result, all their property and interests in property that fall under U.S. jurisdiction are blocked, and U.S. persons are generally not allowed to engage in transactions with them. The list and more information about the sanctions are available on OFAC's website.

    Simple Explanation

    The U.S. government has put some people on a special list because they broke certain rules, and now they can't use their money or things in the U.S., and people in the U.S. can't do business with them.

  • 2025-01595 — Notice of OFAC Sanctions Action
    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.

  • 2025-03404 — Notice of OFAC Sanctions Action
    Type:Notice
    Citation:90 FR 11205
    Reading Time:about a minute or two

    The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) has added certain individuals to its Specially Designated Nationals and Blocked Persons List (SDN List). These individuals' property and interests under U.S. jurisdiction are now blocked, and U.S. citizens are generally not allowed to engage in transactions with them. This decision was made on February 26, 2025, and more information can be found on the OFAC website.

    Simple Explanation

    The Treasury Department is telling people that some new names have been added to a special list of people they are not allowed to trade with because the U.S. says so. This means they can't buy or sell things with these people now.

  • 2024-28304 — Notice of OFAC Sanctions Action
    Type:Notice
    Citation:89 FR 95911
    Reading Time:about 6 minutes

    The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) has announced the addition of several individuals to its Specially Designated Nationals and Blocked Persons List. These individuals, who are current or former officials of the Venezuelan government, will have their property and interests in property under U.S. jurisdiction blocked, and U.S. persons are generally prohibited from engaging in transactions with them. This action is based on OFAC's determination that the legal criteria for such a designation have been met under executive orders related to the situation in Venezuela.

    Simple Explanation

    The U.S. government has decided to add some Venezuelan people to a list because they believe these people did something wrong. Now, Americans can't do business with these people, and anything they own in the U.S. is frozen, like when water turns to ice in the freezer.

  • 2025-03819 — Notice of OFAC Sanctions Action
    Type:Notice
    Citation:90 FR 11775
    Reading Time:about a minute or two

    The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) announced that one person and one organization have been added to their Specially Designated Nationals and Blocked Persons List. This decision was made because they met certain legal criteria under U.S. sanctions programs. As a result, all assets these parties have in the U.S. are blocked, and Americans are generally not allowed to do business with them. This action was taken on March 5, 2025, and more details can be found on OFAC's website.

    Simple Explanation

    The U.S. government has put a stop sign for one person and one company, saying no one in the U.S. can do business with them because they've done something wrong. They've locked up any stuff they have in the U.S., sort of like taking away their toys until they behave better.

  • 2025-00762 — Notice of OFAC Sanctions Action
    Type:Notice
    Citation:90 FR 4002
    Reading Time:about 3 minutes

    The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) has added several individuals from Venezuela to its Specially Designated Nationals and Blocked Persons List. These individuals are blocked from having any of their property or interests in property under U.S. jurisdiction accessed, and U.S. citizens are generally forbidden from doing business with them. This action aligns with Executive Orders aimed at addressing the situation in Venezuela, specifically blocking the property of those identified as current or former officials of the Venezuelan government. The changes to the list were made official on January 10, 2025.

    Simple Explanation

    The U.S. Treasury made a list of people from Venezuela who are not allowed to have their things in America or do business there, because the government thinks they did bad things as part of the Venezuelan government. This is like getting time-out for their actions, and Americans can't play with them while they are in time-out.

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