Search Results for keywords:"OFAC"

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Search Results: keywords:"OFAC"

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  • 2025-01306 — Notice of OFAC Sanctions Action
    Type:Notice
    Citation:90 FR 7245
    Reading Time:less than a minute

    The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) announced that it has added one entity to its Specially Designated Nationals and Blocked Persons List (SDN List). This means that all properties and interests owned by this entity within U.S. jurisdiction are blocked, and U.S. citizens are generally not allowed to do business with them. This action follows OFAC's determination that certain legal criteria have been met, and it was officially issued on January 3, 2025. For more details, people can visit OFAC's official website.

    Simple Explanation

    The U.S. government has decided that a certain company is not allowed to do business with people in the U.S. because they've broken some rules, but they haven't said which company or which rules yet.

  • 2025-01876 — Notice of OFAC Sanctions Action
    Type:Notice
    Citation:90 FR 8428
    Reading Time:about a minute or two

    The Office of Foreign Assets Control (OFAC), part of the U.S. Treasury Department, added one entity to its Specially Designated Nationals and Blocked Persons List (SDN List) as of January 17, 2025. This means all of the entity's property and interests in the United States are blocked, and U.S. people are not allowed to do business with it. The decision was made because the entity met certain legal criteria. More information and the SDN List can be found on OFAC's website.

    Simple Explanation

    The U.S. Treasury Department has a special list of people and companies that Americans can't trade with, because they did something wrong. They just added a new company to this list, but they didn't say why or who it is.

  • 2025-05028 — Notice of OFAC Sanctions Action
    Type:Notice
    Citation:90 FR 13661
    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 certain individuals and ships that are now on the Specially Designated Nationals and Blocked Persons List (SDN List). This means their assets in the U.S. are blocked, and most U.S. citizens cannot conduct business with them. The decision is based on legal criteria met by these individuals or vessels, and relevant details will be available through OFAC's website. This action officially took place on March 20, 2025.

    Simple Explanation

    The U.S. Treasury's Office of Foreign Assets Control (OFAC) has made a list of people and ships whose U.S. assets are frozen, and most Americans cannot do business with them. This is because they did something that broke the rules, but the document doesn't say who they are or what rules they broke exactly.

  • 2025-01880 — Notice of OFAC Sanctions Actions
    Type:Notice
    Citation:90 FR 8427
    Reading Time:about 3 minutes

    The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) has announced that it has removed several individuals and entities from the Specially Designated Nationals and Blocked Persons List, unblocking their property and interests. The individuals are from Colombia and Mexico, with links to various companies and associations. As a part of this notice, the release of their information is effective as of December 11, 2024. Additional information about OFAC's sanctions programs can be found on their official website.

    Simple Explanation

    The U.S. Treasury said some people from Colombia and Mexico are no longer on their naughty list, which means they can now use their stuff again.

  • 2025-01119 — Notice of OFAC Sanctions Actions
    Type:Notice
    Citation:90 FR 6097
    Reading Time:about 2 minutes

    The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) announced the removal of certain individuals and entities from the Specially Designated Nationals and Blocked Persons List. This action means that the property and financial interests of these individuals and companies, which were previously blocked due to their connection to the situation in Venezuela, are no longer restricted by the U.S. government. The update includes detailed information about the individuals and companies affected by this change. The announcement can be found on OFAC’s website.

    Simple Explanation

    The U.S. government has decided to stop blocking the money and things belonging to some people and companies that were on a list because of their ties to Venezuela. This means these people and companies can now use their money and things without any trouble from the U.S. government.

  • 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.

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