Treasury Freezes Assets of Newly Sanctioned Bad Actors
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 bad actors from using the U.S. financial system, and it’s effective immediately!
Analyzed Economic Effects
2 provisions identified: 0 benefits, 2 costs, 0 mixed.
New Names Added to SDN List
The Treasury’s OFAC added one or more people to the 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, effective immediately.
Prohibition on Transactions with Listed Persons
U.S. persons are generally prohibited from engaging in transactions with the people added to the SDN List. That means Americans and U.S.-based businesses must not do business or process transactions involving those listed individuals or entities, effective immediately.
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Key Dates
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