Treasury Blacklists More Individuals, Freezes Their Assets
Published Date: 5/12/2025
Notice
Summary
The U.S. Treasury’s OFAC just 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, so watch out for blocked assets and tightened rules. This move helps keep bad actors from using the U.S. financial system, effective immediately!
Analyzed Economic Effects
1 provisions identified: 0 benefits, 1 costs, 0 mixed.
OFAC Adds SDN Designations, Freezes Assets
The Treasury's Office of Foreign Assets Control (OFAC) added one or more persons to its Specially Designated Nationals (SDN) List and all their property and interests in property subject to U.S. jurisdiction are blocked. U.S. persons are generally prohibited from engaging in transactions with those designated, and the action is effective immediately.
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Key Dates
Department and Agencies
Related Federal Register Documents
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