Treasury Adds People and Ship to Sanctions Blacklist Immediately
Published Date: 4/25/2025
Notice
Summary
The U.S. Treasury’s OFAC just added some people and a ship to its 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. These changes take effect right away, so watch out if you’re connected to them!
Analyzed Economic Effects
2 provisions identified: 0 benefits, 2 costs, 0 mixed.
U.S. Persons Barred From Transactions
The Treasury’s OFAC placed one or more people on the Specially Designated Nationals (SDN) List, and U.S. persons are generally prohibited from engaging in transactions with those listed. If you are a U.S. person, you cannot do business with the named individuals or entities while they remain on the SDN List.
Assets Held in U.S. Jurisdiction Are Blocked
All property and interests in property subject to U.S. jurisdiction of the listed persons are blocked by OFAC. This means funds or property in the United States tied to those listed may be frozen and cannot be accessed or transferred by the listed parties.
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Key Dates
Department and Agencies
Related Federal Register Documents
2026-20215, Notice of OFAC Sanctions Action
The U.S. Treasury’s OFAC just added new people to its blacklist, meaning their U.S.-based money and property are frozen. Americans can’t do business with these folks anymore, starting September 29, 2026. This move aims to stop bad actors from using the U.S. financial system and sends a clear message: no funny business allowed!
2026-20008, Publication of Venezuela Sanctions Regulations Web General Licenses 52, 53, 54, 55, 56, 57, and 58
The Treasury’s Office of Foreign Assets Control (OFAC) has officially published seven new general licenses (GLs 52-58) that let certain U.S. businesses do specific transactions with Venezuelan companies, especially those linked to the state oil company PdVSA. These licenses, issued between March and May 2026, clarify what’s allowed under Venezuela sanctions, helping companies avoid penalties while doing business. If you’re involved in trade or finance with Venezuela, these updates are key to keeping your operations smooth and legal.
2026-20032, Notice of OFAC Sanctions Action
The U.S. Treasury’s Office of Foreign Assets Control (OFAC) has added new people to its blacklist, meaning their money and property in the U.S. are frozen. Americans can’t do business with these folks anymore, starting from August 7, 2026. This move helps keep bad actors from using the U.S. financial system and sends a clear message about following the rules.
2026-20010, Publication of Iran-Related Web General Licenses X and X1
The Treasury’s Office of Foreign Assets Control (OFAC) published two special Iran-related licenses called GL X and GL X1. GL X started on June 21, 2026, but was replaced by GL X1 on July 7, which then expired on July 17, 2026. These licenses allowed certain transactions that are usually banned, affecting businesses and individuals dealing with Iran, but the short time frame means the money impact was limited.
2026-20009, Publication of Venezuela Sanctions Regulations Web General Licenses 46D, 47B, 48C, 50C, 51C, 52B, 54B, and 61A
The Treasury’s Office of Foreign Assets Control (OFAC) just published updated general licenses for Venezuela sanctions, replacing older versions to clarify what’s allowed. These changes mainly affect businesses dealing with Venezuelan oil and petrochemical products, letting certain transactions happen legally again. The new licenses took effect on August 27, 2026, helping companies navigate sanctions without risking penalties.
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