Search Results for agency_names:"Foreign Assets Control Office"

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Search Results: agency_names:"Foreign Assets Control Office"

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  • 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.

  • 2024-30415 — Notice of OFAC Sanctions Action
    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.

  • 2024-30372 — Notice of OFAC Sanctions Actions
    Type:Notice
    Citation:89 FR 104315
    Reading Time:about a minute or two

    The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) has announced that certain individuals have been added to its Specially Designated Nationals and Blocked Persons List. This action means that all property and interests in property within U.S. jurisdiction belonging to these individuals are blocked. U.S. persons are generally prohibited from conducting transactions with these individuals. More details, including the list and additional information about OFAC's sanctions programs, can be found on their website.

    Simple Explanation

    The U.S. Treasury put some people on a special list that means Americans aren't allowed to do business with them, and anything those people own in the U.S. is frozen, kind of like when a toy gets taken away and can't be played with anymore.

  • 2025-06406 — Notice of OFAC Sanctions Action
    Type:Notice
    Citation:90 FR 16073
    Reading Time:about 8 minutes

    The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) has added several individuals and vessels to its Specially Designated Nationals and Blocked Persons List. This action freezes any U.S.-based property and financial assets these individuals and vessels may have, and generally bars U.S. citizens and entities from conducting business with them. Notably, Jugwinder Singh Brar and multiple vessels linked to him, as well as vessels associated with companies like GLORY INTERNATIONAL FZ-LLC and GLOBAL TANKERS PRIVATE LIMITED, are included on this list for their connection to Iran's petroleum industry. These designations are based on Executive Order 13902, which imposes sanctions on Iran's economic sectors.

    Simple Explanation

    The U.S. government has made a list of people and ships that no one in the U.S. can do business with because they are connected to some activities in Iran. This means their U.S. belongings are frozen until further notice.

  • 2025-06770 — Notice of OFAC Sanctions Actions
    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.

  • 2025-01426 — Notice of OFAC Sanctions Action
    Type:Notice
    Citation:90 FR 7763
    Reading Time:about 9 minutes

    The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) has announced the addition of several individuals and entities to the Specially Designated Nationals and Blocked Persons List (SDN List). This action is based on the determination that these persons meet the legal criteria under specific Executive Orders related to harmful activities from the Russian Federation. As a result, all their property and interests within the United States are blocked, and U.S. persons are prohibited from conducting transactions with them. The listed individuals and entities are linked to Russia and China, and are involved in activities such as financial services that have been flagged as risky under U.S. sanctions regulations.

    Simple Explanation

    The U.S. government has made a list of certain people and companies from Russia and China that Americans are not allowed to do business with because they are involved in harmful activities. This means that anything they own in the U.S. is blocked and Americans can't trade with them.

  • 2024-30550 — Notice of OFAC Sanctions Action
    Type:Notice
    Citation:89 FR 104610
    Reading Time:about a minute or two

    The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) has issued a notice that one or more individuals have been added to the Specially Designated Nationals and Blocked Persons List. This means that all property and interests in property in the U.S. of these individuals are blocked, and U.S. citizens are generally not allowed to do business with them. The decision was made based on the fulfillment of certain legal criteria. Additional details and the list can be found on OFAC’s website.

    Simple Explanation

    The U.S. Treasury Department has made a list of people that Americans cannot do business with because they did something wrong. They didn't say who these people are or why they're on the list, so it might be hard to understand all the details.

  • 2025-03722 — Notice of OFAC Sanctions Action
    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.

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