Treasury Freezes Assets of Shady Ships and Sanctioned Souls
Published Date: 5/16/2025
Notice
Summary
The U.S. Treasury’s OFAC just added some people and ships to a special 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. If you’re involved, watch out—these changes take effect right away and could impact money and deals fast!
Analyzed Economic Effects
2 provisions identified: 0 benefits, 2 costs, 0 mixed.
Assets of Listed People and Ships Frozen
The notice says one or more people and vessels were added to the Specially Designated Nationals and Blocked Persons List (SDN List). All property and interests in property subject to U.S. jurisdiction of those listed persons are blocked, meaning those assets cannot be used or transferred under U.S. law.
U.S. Persons Barred from Transactions with SDNs
The notice states that U.S. persons are generally prohibited from engaging in transactions with the newly listed individuals and vessels on the SDN List. If you are a U.S. person, you may not do business or other covered transactions with those listed parties under U.S. sanctions rules.
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Key Dates
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