OFAC Freezes Assets of Newly Sanctioned Individuals
Published Date: 5/11/2026
Notice
Summary
The U.S. Treasury’s Office of Foreign Assets Control (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, starting May 1, 2026. This move aims to stop bad actors from using U.S. resources and sends a clear message about who’s off-limits.
Analyzed Economic Effects
2 provisions identified: 0 benefits, 2 costs, 0 mixed.
Designated Persons' U.S. Assets Blocked
On May 1, 2026, OFAC blocked all property and interests in property subject to U.S. jurisdiction of one or more named persons placed on the Specially Designated Nationals and Blocked Persons (SDN) List. That means money and property in the United States belonging to those listed persons are frozen and subject to blocking.
U.S. Persons Prohibited From Transactions
Starting May 1, 2026, U.S. persons are generally prohibited from engaging in transactions with the person(s) added to OFAC's SDN List. Americans and U.S.-based businesses may not do business with those listed individuals or entities while the blocking remains in effect.
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Key Dates
Department and Agencies
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