Search Results for keywords:"U.S. Department of the Treasury"

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Search Results: keywords:"U.S. Department of the Treasury"

  • 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:89 FR 100591
    Reading Time:about 6 minutes

    The Office of Foreign Assets Control (OFAC), part of the U.S. Department of the Treasury, has announced that it has added certain individuals and ships to its Specially Designated Nationals and Blocked Persons List (SDN List). These additions are due to violations of legal criteria under OFAC’s jurisdiction. All U.S. properties and interests belonging to these individuals and vessels are now blocked, and U.S. citizens are generally not allowed to engage in any transactions with them. Several ships, primarily crude oil and chemical tankers tied to organizations linked with Iran, are identified as properties subject to these sanctions.

    Simple Explanation

    The U.S. government has made a list of people and ships that Americans can't trade with because they broke some rules. Some of these ships are used to carry oil and chemicals, and they are connected to groups in Iran.

  • Type:Notice
    Citation:89 FR 101095
    Reading Time:about 5 minutes

    The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) has added several individuals and entities to its Specially Designated Nationals and Blocked Persons List because they met certain legal criteria. As a result, all their property and any interests they have within the U.S. are blocked, and U.S. citizens are prohibited from doing business with them. These sanctions are mainly related to their activities in the financial and technology sectors of the Russian Federation economy. This action was taken under the authority of Executive Order 14024.

    Simple Explanation

    The U.S. Treasury has put some people and companies from Russia on a special list because they broke certain rules, so now Americans can't do business with them. This is to stop them from using their money and things they own in America.

  • Type:Notice
    Citation:86 FR 10160
    Reading Time:about 4 minutes

    The U.S. Department of the Treasury Tribal Advisory Committee (TTAC) will hold public meetings via teleconference on March 17, 2021, and June 16, 2021, from 1:00 p.m. to 4:00 p.m. Eastern Time. These meetings are open to the public due to the continuing COVID-19 safety concerns. The TTAC was established to advise the Secretary of the Treasury on matters related to the taxation of Indians and the training of IRS field agents. During these meetings, the TTAC members will provide updates on their subcommittees and welcome public comments.

    Simple Explanation

    The Treasury Tribal Advisory Committee is having two meetings on the phone, because of COVID-19, where they talk about taxes and training. People can listen in, but there are some details and safety things they haven't fully explained.

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

    The Office of Foreign Assets Control (OFAC), part of the U.S. Department of the Treasury, has added certain individuals and an entity to its Specially Designated Nationals and Blocked Persons List. This action blocks their properties and interests under U.S. jurisdiction, prohibiting U.S. persons from conducting transactions with them. The listed individuals, Ahmed Abdalla and Abdel Fattah Al-Burhan, are connected to activities destabilizing Sudan, while the entity, Portex Trade Limited, is linked to Ahmed Abdalla. These measures are under Executive Order 14098, targeting persons undermining Sudan's democratic transition.

    Simple Explanation

    The U.S. government made a list of people and a company they think are causing trouble in Sudan, and they are not allowed to do business with anyone in the U.S. They want to make sure these people can't use their things in the U.S. to keep the trouble from getting worse.