Treasury Thaws One Company While Freezing Another's Assets
Published Date: 3/26/2025
Notice
Summary
OFAC just took one group off its blocked list, meaning their property is no longer frozen by the U.S. But one person on the list got an update, and their assets are still frozen, with U.S. folks banned from doing business with them. These changes keep the rules sharp and clear for everyone involved.
Analyzed Economic Effects
2 provisions identified: 1 benefits, 1 costs, 0 mixed.
Individual Remains Blocked
OFAC updated one individual’s entry on the SDN List and states that all property and interests in property subject to U.S. jurisdiction of this individual remain blocked. U.S. persons are generally prohibited from engaging in transactions with this individual.
Entity Removed From SDN List
The Treasury’s Office of Foreign Assets Control (OFAC) published that one entity has been unblocked and removed from the Specially Designated Nationals and Blocked Persons List (SDN List). The entity’s property and interests in property subject to U.S. jurisdiction have been unblocked.
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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!
2026-11615 — 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!
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.
2026-11614 — Publication of Iran-Related Web General Licenses U and V
The Treasury’s Office of Foreign Assets Control (OFAC) published two special Iran-related licenses called GL U and GL V. These licenses let certain transactions happen that are usually banned under U.S. sanctions, but both had set expiration dates in 2026. If you’re involved in business or finance connected to Iran, these licenses gave you a temporary green light to operate within specific rules.
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.
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