OFAC Issues Fresh Sanctions Against Designated Individuals
Published Date: 1/22/2025
Notice
Summary
The U.S. Treasury’s OFAC just added new people to its blacklist, meaning their money and property in the U.S. are frozen. Americans can’t do business with these folks anymore, so watch out for blocked transactions. This move helps keep the financial system safe and signals serious consequences for those involved.
Analyzed Economic Effects
2 provisions identified: 0 benefits, 2 costs, 0 mixed.
Assets of Designated Persons Frozen
OFAC added one or more persons to its Specially Designated Nationals and Blocked Persons (SDN) List. All property and interests in property subject to U.S. jurisdiction of those listed persons are blocked, meaning their money and U.S.-based property are frozen.
U.S. Persons Barred From Transactions
U.S. persons are generally prohibited from engaging in transactions with the individuals or entities added to the SDN List. That means Americans and U.S. entities should not do business with those listed persons and must watch for blocked transactions.
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Key Dates
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