OFAC Adds and Removes Names on the SDN Sanctions List
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OFAC blocks the U.S.-linked property of newly designated persons and bars U.S. persons from most transactions with them. The notice identifies at least one Iranian individual, Amir Hossein Rad, as added to the SDN List under terrorism-related and Iran sanctions authorities, with secondary sanctions risk noted. The notice also says OFAC removed one or more persons from the SDN List, which unblocks their property and allows transactions unless another restriction applies. Businesses, banks, crypto platforms, exporters, insurers, and compliance teams should update sanctions screening systems and review any current or recent dealings involving the listed names and aliases.
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Key Changes
- Adds at least one person to OFAC’s SDN List, blocking property and interests in property under U.S. jurisdiction.
- Generally prohibits U.S. persons from transactions with newly designated persons.
- Removes one or more persons from the SDN List, unblocking their property unless another restriction applies.
Obligations
What this law requires
U.S. persons are generally prohibited from engaging in transactions with Amir Hossein Rad, including known aliases Amir Rad and Amirhossein Rad, because OFAC added him to the SDN List under the listed sanctions authorities.
All property and interests in property of Amir Hossein Rad that are subject to U.S. jurisdiction must be blocked.
Compliance teams should update sanctions screening systems to reflect the SDN List addition of Amir Hossein Rad, including aliases, date of birth, nationality, email addresses, phone number, and Iranian national ID where applicable.
Businesses and financial institutions should review current or recent dealings involving Amir Hossein Rad and his aliases to identify transactions or property that must be blocked or rejected under OFAC sanctions rules.
Non-U.S. persons face secondary sanctions risk for certain dealings with Amir Hossein Rad under section 1(b) of Executive Order 13224, as amended by Executive Order 13886.