Treasury slaps sanctions on mystery bad actor entity
Published Date: 1/21/2025
Notice
Summary
On January 3, 2025, the U.S. Treasury’s OFAC added a new entity to its Specially Designated Nationals (SDN) List, meaning all their U.S.-based property is now frozen. Americans can’t do business with this entity anymore, blocking their access to U.S. money and markets. This move helps keep the financial system safe and signals serious consequences for those who break the rules.
Analyzed Economic Effects
2 provisions identified: 0 benefits, 2 costs, 0 mixed.
Entity Added to SDN List; Property Blocked
On January 3, 2025, one entity was added to the Treasury’s Specially Designated Nationals (SDN) List. All of that entity's property and interests in property that are subject to U.S. jurisdiction are blocked (frozen) under U.S. law.
U.S. Persons Prohibited From Doing Business
After January 3, 2025, U.S. persons are generally prohibited from engaging in transactions with the listed entity. This means Americans and U.S.-based businesses cannot lawfully do business with that entity under the relevant sanctions authorities.
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Key Dates
Department and Agencies
Related Federal Register Documents
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