2025-03238NoticeWallet

Treasury Freezes Assets of Sanctioned Folks and Ships Overnight

Published Date: 2/28/2025

Notice

Summary

The U.S. Treasury’s OFAC just added some people and ships to a special blacklist because they broke important rules. This means any money or property they have in the U.S. is frozen, and Americans can’t do business with them. If you’re involved, watch out—these changes take effect right away and could impact money and deals fast!

Analyzed Economic Effects

2 provisions identified: 0 benefits, 2 costs, 0 mixed.

SDN Listings Freeze U.S.-Jurisdiction Assets

You should know that OFAC added one or more people to the Specially Designated Nationals (SDN) List. All money and property they have that is subject to U.S. jurisdiction is blocked, and U.S. persons are generally prohibited from engaging in transactions with those listed individuals.

Designated Vessels Treated as Blocked Property

OFAC placed one or more vessels on the SDN List and identified those vessels as property in which a blocked person has an interest. U.S. persons are generally prohibited from engaging in transactions involving those vessels.

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Key Dates

Published Date
2/28/2025

Department and Agencies

Department
Independent Agency
Agency
Treasury Department
Foreign Assets Control Office
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