Treasury Puts Ships on Naughty List: Assets Frozen!
Published Date: 3/25/2025
Notice
Summary
On March 20, 2025, the U.S. Treasury’s OFAC added certain people and ships to its blacklist, meaning their U.S.-related property is frozen and Americans can’t do business with them. This move blocks their assets and cuts off financial ties, aiming to enforce U.S. laws and protect national interests. If you’re dealing with these folks or vessels, watch out—your transactions could be stopped immediately!
Analyzed Economic Effects
2 provisions identified: 0 benefits, 2 costs, 0 mixed.
Persons Added to SDN List; Assets Blocked
On March 20, 2025, the Office of Foreign Assets Control (OFAC) placed one or more persons on the Specially Designated Nationals and Blocked Persons (SDN) List. All property and interests in property of those persons that are subject to U.S. jurisdiction are blocked, and U.S. persons are generally prohibited from engaging in transactions with them.
Vessels Identified as Blocked Property
OFAC also placed one or more vessels on the SDN List on March 20, 2025. Those vessels have been identified as property in which a blocked person has an interest, meaning their U.S.-related property interests are blocked and U.S. persons generally may not engage in transactions involving those vessels.
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Key Dates
Department and Agencies
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