OFAC Lifts Sanctions on Select Individuals' Assets
Published Date: 1/29/2025
Notice
Summary
The U.S. Treasury’s OFAC just took some folks off their blocked list, meaning their property and money are now free to use again. This change affects those people directly and signals a green light for their financial activities. It’s a big deal for anyone watching these sanctions and waiting for updates on who’s in or out.
Analyzed Economic Effects
1 provisions identified: 1 benefits, 0 costs, 0 mixed.
OFAC Unblocks People and Assets
The U.S. Treasury’s Office of Foreign Assets Control (OFAC) published names of people whose property and interests in property have been unblocked and who have been removed from the Specially Designated Nationals (SDN) and Blocked Persons list. If you are one of those people, property and money that had been blocked are now unblocked and no longer on the SDN/Blocked Persons list.
Your PRIA Score
Personalized for You
How does this regulation affect your finances?
Sign up for a PRIA Policy Scan to see your personalized alignment score for this federal register document and every other regulation we track. We analyze your financial profile against policy provisions to show you exactly what matters to your wallet.
Key Dates
Department and Agencies
Related Federal Register Documents
2026-11896 — Notice of OFAC Sanctions Action
On June 10, 2026, the U.S. Treasury’s Office of Foreign Assets Control (OFAC) blocked the property of certain people by adding them to a special sanctions list. This means U.S. folks can’t do business with these individuals, and any money or property they have under U.S. control is frozen. These actions help keep bad actors from using the U.S. financial system.
2026-11761 — Publication of the List of Medical Devices Requiring Specific Authorization for the North Korea Sanctions Regulations
Starting June 11, 2026, certain medical devices can’t be sent to North Korea without special permission from the U.S. Treasury. This new list affects exporters who now need to get specific approval before shipping these devices, helping keep sanctions strong while allowing some medical aid. If you’re in the business of sending medical gear, watch your paperwork and timing to avoid costly delays!
2026-11601 — Publication of International Criminal Court-Related Sanctions Regulations Web General License 11
The Treasury’s Office of Foreign Assets Control (OFAC) published General License 11, which lets certain people wrap up business with specific blocked individuals linked to the International Criminal Court sanctions. This special permission was active from December 18, 2025, until January 17, 2026, and required payments to be held in blocked U.S. accounts. If you dealt with Gocha Lordkipanidze, Erdenebalsuren Damdin, or their companies, this was your green light to finish up safely and legally.
2026-11592 — Publication of Cyber-Related Sanctions Regulations Web General License 2
The Treasury’s Office of Foreign Assets Control (OFAC) officially published General License 2, which lets certain water treatment and distribution transactions with Anco Water Supply Co. Ltd. happen, even though sanctions usually block them. This change helps companies involved in drinking water services keep things flowing smoothly without breaking the rules. The license took effect on April 23, 2026, so affected businesses should act now to stay compliant and avoid penalties.
2026-11616 — Publication of Venezuela Sanctions Regulations Web General Licenses 48A and 49A
The U.S. Treasury just made official two updated licenses (48A and 49A) that let certain U.S. businesses provide goods and services related to Venezuela’s oil, gas, and electricity sectors, even though sanctions are in place. These changes help companies work with Venezuela’s government and its oil giant PdVSA under clear rules, starting from March 13, 2026. If you’re involved in these industries, this means new opportunities with some important contract and payment rules to follow.
2026-11615 — Publication of Venezuela Sanctions Regulations Web General Licenses 5U and 5V
The Treasury Department just made official two important updates to Venezuela sanctions rules, called General Licenses 5U and 5V. These licenses let certain financial transactions involving Venezuela’s 2020 bonds happen legally starting March 20, 2026, replacing older rules. If you deal with Venezuelan bonds, these changes could impact your money moves and timing, so keep an eye on the new dates and permissions!
Previous / Next Documents
Previous: 2025-01879 — Pacific Fishery Management Council; Public Meeting
The Pacific Fishery Management Council is hosting a free online meeting where experts will talk about managing groundfish, like cod and rockfish, for the March 2025 season. Fishermen, seafood businesses, and ocean lovers should tune in because decisions made here could affect fishing rules and catch limits, which might impact their income and the ocean’s health. Mark your calendar and join the conversation to stay in the loop!
Next: 2025-01881 — Notice of OFAC Sanctions Actions
The U.S. Treasury’s OFAC just took some folks off their blocked list, meaning their property and money are now free to use again. This change affects those people directly and signals a green light for their financial activities. It’s a big deal for anyone watching who’s on or off the sanctions list!