Treasury Blacklists New Target, Freezes U.S. Assets Immediately
Published Date: 1/29/2025
Notice
Summary
The U.S. Treasury’s OFAC just added a new person to their blacklist, meaning all their U.S.-related property is frozen. Americans can’t do business with this person anymore, keeping the money and deals off-limits. This action is effective immediately, so watch out for any connections to this individual!
Analyzed Economic Effects
2 provisions identified: 0 benefits, 2 costs, 0 mixed.
Sanctioned person's U.S. property frozen
The individual named was added to the Specially Designated Nationals and Blocked Persons (SDN) List and all of that person’s property and interests in property subject to U.S. jurisdiction are blocked. This freeze is effective immediately.
U.S. persons barred from dealing with individual
U.S. persons are generally prohibited from engaging in transactions with the named individual on the SDN List, meaning Americans and U.S.-based businesses must not do business with that person. This prohibition is effective immediately.
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Key Dates
Department and Agencies
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Next: 2025-01876 — Notice of OFAC Sanctions Action
The U.S. Treasury’s OFAC just added a new company to its blacklist, meaning all their U.S.-based money and property are frozen. Americans can’t do business with this company anymore, so watch out for any deals involving them. This action kicks in right away and helps keep bad actors from using the U.S. financial system.