Search Results for keywords:"property blocking"

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Search Results: keywords:"property blocking"

  • Type:Presidential Document
    Citation:86 FR 9429
    Reading Time:about 9 minutes

    Executive Order 14014, issued by President Joseph R. Biden Jr., declares a national emergency concerning the situation in Burma following a military coup on February 1, 2021. The order blocks property and interests in property of certain foreign individuals involved in activities undermining democracy, human rights abuses, and other harmful actions in Burma. It also suspends the entry of these individuals into the United States and outlines measures to prevent transactions that would circumvent the order. The order empowers the Secretary of the Treasury and other agencies to implement and enforce these restrictions.

    Simple Explanation

    President Biden signed a rule to stop some people who are hurting democracy in Burma from using their money and coming to the U.S.

  • 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:86 FR 7331
    Reading Time:about a minute or two

    The State Department has designated Niamat Hama Rahim Hama Sharif, also known as Saed Tawealy and Sa'ad Tawela, as a Specially Designated Global Terrorist. This designation was made under Executive Order 13224, which targets leaders of terrorist groups, in this case, the al-Qa'ida Kurdish Battalions. The order blocks any property or interests Sharif might have in the U.S. Additionally, it's noted that no advance notice will be provided to Sharif about this action, as it could make the order ineffective.

    Simple Explanation

    The State Department says that Niamat, who is linked to a group called the al-Qa'ida Kurdish Battalions, is now on a special list of bad people called terrorists, and this means any money or stuff he has in the U.S. is frozen so he can't use it. They didn't warn him first because he could quickly move his money away if he knew.

  • Type:Notice
    Citation:90 FR 10352
    Reading Time:about 5 minutes

    The Department of State has published the names of individuals added to the Department of Treasury's List of Specially Designated Nationals and Blocked Persons. This action is a result of these individuals meeting specific legal criteria under an Executive Order concerning harmful activities by the Russian government. As a consequence, their property and interests within U.S. jurisdiction are blocked, and U.S. citizens are generally prohibited from conducting transactions with them. Additionally, several Russian vessels, including research and drilling ships, have been identified as having interests tied to these individuals and organizations.

    Simple Explanation

    The U.S. Department of State has decided that some people and ships from Russia are doing bad things, so they can't do business with Americans or use their stuff in the U.S. anymore.

  • 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 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.

  • Type:Notice
    Citation:86 FR 6729
    Reading Time:about 2 minutes

    The Department of State has implemented sanctions against fourteen individuals under Executive Order 13936 related to Hong Kong normalization. These individuals have been identified as leaders or officials involved in creating or enforcing China's National Security Law in Hong Kong. As a result, their property and interests within U.S. jurisdiction are blocked, and Americans are generally prohibited from doing business with them. The determination was made effective as of December 7, 2020, and they have been added to the Specially Designated and Blocked Persons List.

    Simple Explanation

    The U.S. government decided that 14 people who helped make a new law in Hong Kong can't have any of their stuff in America or do business with Americans because of what they did. It's like when someone gets grounded for breaking a rule, and they can't play with certain toys or friends anymore.

  • Type:Notice
    Citation:86 FR 3227
    Reading Time:about a minute or two

    The State Department has designated Sultan Yusuf Hasan al-'Arif, also known by several aliases, as a Specially Designated Global Terrorist. This action is taken under Executive Order 13224, which targets leaders of terrorist groups like al-Qa'ida. As a result, Sultan al-'Arif's property and interests within U.S. jurisdiction are blocked. The Secretary of State, Michael R. Pompeo, determined that providing prior notice to al-'Arif could undermine the effectiveness of these measures, as it might allow for the rapid transfer of funds.

    Simple Explanation

    The U.S. State Department decided that a person named Sultan Yusuf Hasan al-'Arif is too dangerous because he helps bad guys like al-Qa'ida. To stop him from moving his money around in the U.S., they have blocked all of his stuff here.