OFAC Freezes Assets of Newly Blacklisted Foreign Troublemaker
Published Date: 1/21/2025
Notice
Summary
The U.S. Treasury just added a new group to its watchlist, meaning all their U.S.-based money and property are frozen. Americans can’t do business with them anymore, starting now. This move helps keep bad actors from using the U.S. financial system.
Analyzed Economic Effects
1 provisions identified: 0 benefits, 1 costs, 0 mixed.
New SDN Listing Freezes Assets
The Treasury’s Office of Foreign Assets Control (OFAC) placed one entity on the Specially Designated Nationals (SDN) List. All property and interests in property of that entity that are subject to U.S. jurisdiction are blocked, and U.S. persons are generally prohibited from engaging in transactions with the entity.
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Key Dates
Department and Agencies
Related Federal Register Documents
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