2025-03819NoticeWallet

Treasury OFAC Freezes Assets of New Sanctioned Person and Firm

Published Date: 3/11/2025

Notice

Summary

The U.S. Treasury’s OFAC just added one person and one company to its blacklist, meaning all their U.S.-related assets are frozen. Americans can’t do business with them anymore, and this takes effect right away. It’s a big move to keep bad actors out of the U.S. financial system.

Analyzed Economic Effects

1 provisions identified: 0 benefits, 1 costs, 0 mixed.

Assets Blocked; U.S. Persons Barred

OFAC added one individual and one company to its Specially Designated Nationals (SDN) List. All property and interests in property of those listed that are subject to U.S. jurisdiction are blocked, and U.S. persons are generally prohibited from doing business with them; this takes effect right away.

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Key Dates

Published Date
3/11/2025

Department and Agencies

Department
Independent Agency
Agency
Treasury Department
Foreign Assets Control Office
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