Search Results for keywords:"OFAC"

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Search Results: keywords:"OFAC"

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  • 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.

  • 2021-02702 — Notice of OFAC Sanctions Actions
    Type:Notice
    Citation:86 FR 8988
    Reading Time:about a minute or two

    The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) has released the names of individuals placed on a list known as the Specially Designated Nationals and Blocked Persons List. This designation means their property and interests in property within the U.S. are blocked, and U.S. citizens are generally restricted from conducting transactions with them. The document specifically mentions Shanghai Saint Logistics Limited and describes its involvement and linkage to MAHAN AIR, which has been designated under U.S. sanctions aimed at counter-terrorism efforts. The information can be found on the OFAC website.

    Simple Explanation

    The U.S. Treasury has named a company called Shanghai Saint Logistics Limited on a special list because they did something that the U.S. doesn't like, so now they can't do business in the U.S., and people in the U.S. can't trade with them.

  • 2024-30373 — Notice of OFAC Sanctions Actions
    Type:Notice
    Citation:89 FR 104309
    Reading Time:about 4 minutes

    The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) has published names of individuals added to the Specially Designated Nationals and Blocked Persons List. These persons have been sanctioned because they are believed to have helped with corruption or supported someone involved in such activities. As a result, their property within the U.S. is blocked and U.S. persons are generally forbidden from engaging in transactions with them. The notice lists individuals primarily linked to Kamlesh Mansukhlal Damji Pattni and is part of OFAC's ongoing sanctions efforts under Executive Order 13818.

    Simple Explanation

    The U.S. government made a list of people they think were helping with bad behavior, like corruption, and said nobody in the U.S. can do business with them. These people's things in the U.S. are also locked up and can't be used.

  • 2025-03096 — Title: Office of Economic Sanctions Policy and Implementation's Publication of Individual Removed From the List of Specially Designated Nationals and Blocked Persons
    Type:Notice
    Citation:90 FR 10778
    Reading Time:about a minute or two

    The U.S. Department of State's Office of Economic Sanctions Policy and Implementation has removed one person from the List of Specially Designated Nationals and Blocked Persons (SDN List). This decision, effective January 16, 2025, means that the individual is no longer subject to the restrictions imposed by Executive Order 14024, which targeted harmful foreign activities by the Russian government. More information about the SDN List and related sanctions programs can be found on the Office of Foreign Assets Control's website.

    Simple Explanation

    The U.S. Department of State has decided that one person no longer needs to be on a special list that stops them from doing business because they were linked to bad actions by the Russian government. This means that from January 16, 2025, that person can now do things like business or travel more freely.

  • 2025-00478 — Notice of OFAC Sanctions Action
    Type:Notice
    Citation:90 FR 2785
    Reading Time:about a minute or two

    The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) has announced that it has added certain individuals to its Specially Designated Nationals and Blocked Persons List. This means that any property these individuals own that falls under U.S. jurisdiction is now blocked. Additionally, U.S. citizens are generally not allowed to conduct business or transactions with these individuals. More details and the complete list are available on OFAC's website.

    Simple Explanation

    The U.S. government has made a list of people that other Americans should not do business with because they've been naughty. If someone in America has something that belongs to these people, they have to hold onto it and not give it back.

  • 2025-03404 — Notice of OFAC Sanctions Action
    Type:Notice
    Citation:90 FR 11205
    Reading Time:about a minute or two

    The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) has added certain individuals to its Specially Designated Nationals and Blocked Persons List (SDN List). These individuals' property and interests under U.S. jurisdiction are now blocked, and U.S. citizens are generally not allowed to engage in transactions with them. This decision was made on February 26, 2025, and more information can be found on the OFAC website.

    Simple Explanation

    The Treasury Department is telling people that some new names have been added to a special list of people they are not allowed to trade with because the U.S. says so. This means they can't buy or sell things with these people now.

  • 2025-06577 — Notice of OFAC Sanctions Action
    Type:Notice
    Citation:90 FR 16424
    Reading Time:about a minute or two

    The Office of Foreign Assets Control (OFAC), part of the U.S. Department of the Treasury, has published names of individuals added to the Specially Designated Nationals and Blocked Persons List (SDN List). These individuals have had their property and interests within U.S. jurisdiction blocked, and U.S. individuals and companies are generally not allowed to conduct business with them. The action was effective as of April 9, 2025. Further information about the sanctions can be found on the OFAC website.

    Simple Explanation

    The U.S. government has made a list of people they are not allowed to trade with because they might be doing bad things, and they are making sure these people can't use their money in the U.S. anymore.

  • 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.

  • 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.

  • 2020-29153 — Notice of OFAC Sanctions Actions
    Type:Notice
    Citation:86 FR 6416
    Reading Time:about a minute or two

    The Department of the Treasury's Office of Foreign Assets Control (OFAC) has added individuals to its Specially Designated Nationals and Blocked Persons List. This action blocks all property and property interests within U.S. jurisdiction of these individuals, prohibiting U.S. persons from transacting with them. Two individuals from Venezuela, Lorena Carolina Cornelies Ruiz and Ramon Antonio Torres Espinoza, have been specifically identified based on legal criteria. The list and additional information are available on OFAC's website.

    Simple Explanation

    The Treasury Department has put some people's names on a list that says U.S. people can't do business with them because they broke some rules. These people, Lorena and Ramon from Venezuela, had all their things in the U.S. stopped because of these rules.

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