Search Results for keywords:"Executive Order 13850"

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Search Results: keywords:"Executive Order 13850"

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  • 2021-01853 — Notice of OFAC Sanctions Action
    Type:Notice
    Citation:86 FR 7458
    Reading Time:about 9 minutes

    The Office of Foreign Assets Control (OFAC), a part of the U.S. Department of the Treasury, has released a list of individuals, entities, and vessels now on their Specially Designated Nationals and Blocked Persons List. This action is based on OFAC's criteria, which show these parties meet specific legal standards and are connected with Venezuela's economic sectors, especially oil. The inclusion means all their U.S. assets are blocked, and U.S. persons are generally banned from doing business with them. The list includes people and companies from various countries such as Switzerland, Italy, Venezuela, and entities linked to the Venezuelan oil industry.

    Simple Explanation

    The U.S. Treasury made a list of people and companies that did something wrong with money, especially in Venezuela, and said that Americans can't do business with them anymore. They froze their U.S. assets and said if anyone needs to know more, they should look it up themselves.

  • 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.