OFAC Sanctions Action: Addition to Specially Designated Nationals and Blocked Persons List

The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) has designated one or more individuals or entities by adding them to the Specially Designated Nationals and Blocked Persons (SDN) List, effective March 25, 2026. This action is based on OFAC's legal determination that the designated persons meet one or more criteria established under applicable U.S. sanctions programs. All property and interests in property belonging to the designated persons that are subject to U.S. jurisdiction are immediately blocked and frozen. This means any assets held in U.S. financial institutions or otherwise within U.S. jurisdiction cannot be transferred, paid, exported, withdrawn, or otherwise dealt in. U.S. persons — including U.S. citizens, permanent residents, entities incorporated in the United States, and any person physically located in the U.S. — are broadly prohibited from conducting any transactions or business dealings with the newly designated individuals or entities. Violations of these prohibitions can result in significant civil and criminal penalties. Financial institutions, businesses, and individuals operating internationally should immediately screen their counterparties, clients, and transaction flows against the updated SDN List to ensure compliance with U.S. sanctions law.

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