Treasury Adds Yet Another Firm to Sanctions Blacklist
Published Date: 1/29/2025
Notice
Summary
The U.S. Treasury’s OFAC just added a new company to its blacklist, meaning all their U.S.-based money and property are frozen. Americans can’t do business with this company anymore, so watch out for any deals involving them. This action kicks in right away and helps keep bad actors from using the U.S. financial system.
Analyzed Economic Effects
2 provisions identified: 0 benefits, 2 costs, 0 mixed.
Designated Entity's U.S. Assets Frozen
All property and interests in property of the newly designated entity that are subject to U.S. jurisdiction are blocked. If you hold or control U.S.-based money or property belonging to that entity, those assets are frozen and cannot be used or transferred.
U.S. Persons Barred from Doing Business
U.S. persons are generally prohibited from engaging in transactions with the newly designated entity. Americans and U.S.-based businesses should avoid deals involving this entity to comply with the prohibition and not violate U.S. sanctions rules.
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Key Dates
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