2025-11018NoticeWallet

Treasury Blacklists Bad Actors: Assets Frozen, Deals Banned Instantly

Published Date: 6/16/2025

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.

Designated persons' U.S. assets frozen

When someone is added to OFAC's Specially Designated Nationals (SDN) List, all their property and interests in property that are under U.S. jurisdiction are blocked. That means their money and property in the United States are frozen.

U.S. persons barred from dealing with designees

If a person is on OFAC's SDN List, U.S. persons are generally prohibited from doing business with them. That means Americans and U.S. businesses should not engage in transactions with those listed people, and transactions may be blocked, effective immediately.

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Key Dates

Published Date
6/16/2025

Department and Agencies

Department
Independent Agency
Agency
Treasury Department
Foreign Assets Control Office
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