Treasury Slaps Sanctions on More Ships and Scoundrels
Published Date: 3/19/2025
Notice
Summary
The U.S. Treasury’s OFAC just added some people and ships to a special blacklist called the SDN List. This means any money or property they have under U.S. control is frozen, and Americans can’t do business with them. If you’re involved, watch out—these changes take effect immediately and could impact financial deals.
Analyzed Economic Effects
3 provisions identified: 0 benefits, 3 costs, 0 mixed.
Property and Interests Are Blocked
All property and interests in property of the designated persons that are subject to U.S. jurisdiction are blocked (frozen). The notice also says vessels placed on the SDN List are identified as property in which a blocked person has an interest.
U.S. Persons Prohibited From Transactions
U.S. persons are generally prohibited from engaging in transactions with the newly listed persons and vessels. That means Americans and U.S. businesses must not do business with them and must avoid transactions that would violate these sanctions.
People and Ships Added to SDN List
The Treasury Department's OFAC added one or more persons and one or more vessels to the Specially Designated Nationals and Blocked Persons (SDN) List. The notice states these designations take effect immediately.
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