Search Results for keywords:"Legal Criteria"

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Search Results: keywords:"Legal Criteria"

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  • 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.

  • 2025-01827 — Notice of OFAC Sanctions Action
    Type:Notice
    Citation:90 FR 8320
    Reading Time:about a minute or two

    The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) is announcing that certain individuals have been added to the Specially Designated Nationals and Blocked Persons List. This decision is based on OFAC's judgment that specific legal criteria have been met. As a result, all property and interests in property under U.S. jurisdiction belonging to these individuals are blocked, and U.S. citizens are generally forbidden from engaging in any transactions with them. More details, including the list, can be found on OFAC's website.

    Simple Explanation

    The government made a list of people who are not allowed to do business with American people or companies because they did something wrong. This means all their stuff in America is now locked away.

  • 2025-01546 — Self-Regulatory Organizations; LCH SA; Order Granting Approval of Proposed Rule Change by LCH SA Relating to Dealer Status
    Type:Notice
    Citation:90 FR 8060
    Reading Time:about 18 minutes

    The Securities and Exchange Commission (SEC) has approved a proposed rule change by LCH SA to amend its CDS Clearing Rule Book and Procedures. This change allows affiliates of Clearing Members to become CDS Dealers, enabling them to submit transactions on behalf of their affiliated Clearing Members. The rule aims to expand trading options for Clearing Members and streamline the clearing process by reducing the need for separate client onboarding for affiliate trades. It establishes clear criteria and a formal application process for affiliates seeking CDS Dealer status to ensure they meet necessary qualifications.

    Simple Explanation

    The SEC has agreed to let LCH SA allow special family members (called affiliates) of their main playing members (Clearing Members) to also play in the game of swapping something valuable (CDS). This makes it easier and faster for them to team up and play, without each new player needing a long sign-up process.

  • 2024-31655 — Notice of OFAC Sanctions Action
    Type:Notice
    Citation:90 FR 739
    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 individuals who are now on the Specially Designated Nationals and Blocked Persons List (SDN List). This action is based on OFAC's determination that certain legal criteria were met. As a result, all their property and interests in property that fall under U.S. jurisdiction are blocked, and U.S. persons are generally not allowed to engage in transactions with them. The list and more information about the sanctions are available on OFAC's website.

    Simple Explanation

    The U.S. government has put some people on a special list because they broke certain rules, and now they can't use their money or things in the U.S., and people in the U.S. can't do business with them.