Treasury Unfreezes Assets: Sanctioned Folks Back in Business?
Published Date: 5/21/2025
Notice
Summary
The U.S. Treasury just took some folks off its blacklist, meaning their property and money are no longer frozen. This change lets these people access their assets again, so watch for updates if you’re dealing with them. It’s a big deal for anyone affected, with no new restrictions starting now.
Analyzed Economic Effects
2 provisions identified: 2 benefits, 0 costs, 0 mixed.
Names Removed from OFAC SDN List
The Treasury's Office of Foreign Assets Control (OFAC) published the names of one or more persons who have been removed from the Specially Designated Nationals and Blocked Persons List (SDN List). Those persons' property and interests in property have been unblocked, which lets those persons access their money and assets again.
Counterparties Should Monitor Updates
OFAC says people who do business with the removed persons should watch for updates. If you are dealing with those persons, the published change may affect whether you can transact with them going forward.
Your PRIA Score
Personalized for You
How does this regulation affect your finances?
Sign up for a PRIA Policy Scan to see your personalized alignment score for this federal register document and every other regulation we track. We analyze your financial profile against policy provisions to show you exactly what matters to your wallet.
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!
2026-11601 — 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.
2026-11592 — Publication of Cyber-Related Sanctions Regulations Web General License 2
The Treasury’s Office of Foreign Assets Control (OFAC) officially published General License 2, which lets certain water treatment and distribution transactions with Anco Water Supply Co. Ltd. happen, even though sanctions usually block them. This change helps companies involved in drinking water services keep things flowing smoothly without breaking the rules. The license took effect on April 23, 2026, so affected businesses should act now to stay compliant and avoid penalties.
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.
Previous / Next Documents
Previous: 2025-09054 — Product Change-Priority Mail Negotiated Service Agreement
The Postal Service is teaming up with a business to offer special deals on Priority Mail shipping. This new agreement means some customers will get better prices and options starting soon. It’s all about making shipping faster and cheaper for folks who send lots of packages.
Next: 2025-09056 — Product Change-Priority Mail and USPS Ground Advantage Negotiated Service Agreement
The Postal Service is adding a new shipping deal for Priority Mail and USPS Ground Advantage to its special contract list. This means businesses using these services could see new pricing options soon. The change affects shippers and could start impacting costs once approved by the Postal Regulatory Commission.