Treasury Frees Up West Bank Assets: Sanctions Saga Takes a Turn
Published Date: 1/29/2025
Notice
Summary
The U.S. Treasury’s OFAC just took some folks off their special sanctions list tied to the West Bank. This means their property and money are no longer blocked, so they can use their assets again. If you were watching these changes, now’s the time to update your records and plans!
Analyzed Economic Effects
1 provisions identified: 1 benefits, 0 costs, 0 mixed.
Delisting Restores Access to Assets
The Treasury’s Office of Foreign Assets Control (OFAC) removed certain persons from the Specially Designated Nationals and Blocked Persons List (SDN List) under West Bank sanctions authorities. Their property and interests in property that had been blocked are no longer blocked, and those persons can use their assets again.
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