2026-07699NoticeWallet

Treasury Freezes Nicaraguan's Assets in Standard Sanctions Move

Published Date: 4/21/2026

Notice

Summary

The U.S. Treasury’s OFAC just blocked the property of Santiago Hernan Bermudez Tapia from Nicaragua, adding him to a special sanctions list. This means Americans can’t do business with him, and any money or property he has under U.S. control is frozen. The action took effect on April 16, 2026, signaling serious financial restrictions for those involved.

Analyzed Economic Effects

2 provisions identified: 0 benefits, 2 costs, 0 mixed.

U.S. persons barred from dealing with SDNs

On April 16, 2026, the Treasury's OFAC added named persons to the Specially Designated Nationals (SDN) List. All property and interests in property of those persons that are subject to U.S. jurisdiction are blocked, and U.S. persons are generally prohibited from engaging in transactions with them.

Gold-sector Nicaraguan firms added to SDN List

OFAC designated multiple Nicaragua-based individuals and entities that operate or operated in the gold sector (for example, ZHONG FU DEVELOPMENT S.A. and several mining companies). Because they are on the SDN List as of April 16, 2026, U.S. persons generally may not transact with these mining companies and any of their property under U.S. jurisdiction is blocked.

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Key Dates

Effective Date
Published Date
4/16/2026
4/21/2026

Department and Agencies

Department
Independent Agency
Agency
Treasury Department
Foreign Assets Control Office
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