Search Results for keywords:"property blocked"

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Search Results: keywords:"property blocked"

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  • 2024-28084 — Notice of OFAC Sanctions Actions
    Type:Notice
    Citation:89 FR 95355
    Reading Time:about 2 minutes

    The Office of Foreign Assets Control (OFAC), part of the U.S. Department of the Treasury, has announced sanctions against individuals now included on the Specially Designated Nationals and Blocked Persons List (SDN List). These individuals have been identified as involved in serious human rights abuses or corruption. As a result, all their properties and interests within the U.S. are blocked, and American citizens are not allowed to conduct any transactions with them. This action is part of OFAC's efforts to combat human rights abuses globally.

    Simple Explanation

    The U.S. government has put some people on a special list because they've done bad things, like being mean to others or stealing. Now, their stuff in the U.S. is frozen, and Americans aren't allowed to buy from or sell to them.

  • 2021-00590 — Notice of OFAC Sanctions Action
    Type:Notice
    Citation:86 FR 3232
    Reading Time:about a minute or two

    The Department of the Treasury's Office of Foreign Assets Control (OFAC) announced that Falih Al-Fayyadh has been added to the Specially Designated Nationals and Blocked Persons List. This means all of his property and interests in the United States are blocked, and American citizens are generally prohibited from doing business with him. The decision is based on his involvement in human rights abuses as a leader or official of a government entity, in accordance with Executive Order 13818. This sanctions action was effective as of January 8, 2021.

    Simple Explanation

    The U.S. government put a man named Falih Al-Fayyadh on a special list that says Americans can't do business with him because he did some bad things involving human rights. This means if a person or company in the U.S. has anything of his, they can't use it anymore.