Search Results for keywords:"U.S. Treasury"

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Search Results: keywords:"U.S. Treasury"

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  • 2025-04268 — Notice of OFAC Sanctions Actions
    Type:Notice
    Citation:90 FR 12447
    Reading Time:about a minute or two

    The U.S. Treasury's Office of Foreign Assets Control (OFAC) has added new individuals and organizations to its Specially Designated Nationals and Blocked Persons List. This includes Rawa Majid, also known as the "Kurdish Fox," who is linked to the FOXTROT NETWORK, a significant transnational criminal organization based in Sweden. Any property these individuals have in U.S. jurisdiction is blocked, and Americans are usually not allowed to do business with them. The details of this action and more information about OFAC sanctions can be found on their website.

    Simple Explanation

    The U.S. government has put a "stop" sign on some people, including a person named Rawa Majid and his group, the FOXTROT NETWORK, so folks in the U.S. can't play, trade, or swap things with them because they did some bad stuff.

  • 2025-05353 — Notice of Department of State Sanctions Actions Pursuant to the Executive Order Reimposing Certain Sanctions With Respect to Iran
    Type:Notice
    Citation:90 FR 14175
    Reading Time:about a minute or two

    The Department of State announced that certain individuals and entities have been added to the Department of Treasury's Specially Designated Nationals and Blocked Persons (SDN) List due to their connection with Iran. This action blocks their property and interests within U.S. jurisdiction and prevents U.S. citizens from engaging in transactions with them. Notably, a Chinese company, Huaying Huizhou Daya Bay Petrochemical Terminal Storage Co., Ltd, is being sanctioned for engaging in significant transactions related to Iranian petroleum.

    Simple Explanation

    The U.S. Government is stopping some people and a Chinese company from doing business in the U.S. because they did big money deals with Iran, which they shouldn't have done. This means their stuff in the U.S. is frozen, and Americans can't buy or sell things with them.

  • 2025-02901 — Notice of Department of State Sanctions Actions Pursuant to the Executive Order Regarding Blocking Property With Respect to Specified Harmful Foreign Activities of the Government of the Russian Federation
    Type:Notice
    Citation:90 FR 10352
    Reading Time:about 5 minutes

    The Department of State has published the names of individuals added to the Department of Treasury's List of Specially Designated Nationals and Blocked Persons. This action is a result of these individuals meeting specific legal criteria under an Executive Order concerning harmful activities by the Russian government. As a consequence, their property and interests within U.S. jurisdiction are blocked, and U.S. citizens are generally prohibited from conducting transactions with them. Additionally, several Russian vessels, including research and drilling ships, have been identified as having interests tied to these individuals and organizations.

    Simple Explanation

    The U.S. Department of State has decided that some people and ships from Russia are doing bad things, so they can't do business with Americans or use their stuff in the U.S. anymore.

  • 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.