OFAC Adds Terrorism-Linked Individuals to the SDN List
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OFAC blocks the U.S.-linked property and interests of named individuals added to the Specially Designated Nationals and Blocked Persons List. U.S. persons are generally barred from doing business with them, and any assets under U.S. jurisdiction must be frozen. The notice affects banks, payment companies, exporters, compliance teams, and any business that screens counterparties for U.S. sanctions risk. Companies should update sanctions screening systems, check existing relationships, and stop any prohibited dealings with the listed individuals.
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Key Changes
- Adds named individuals to OFAC’s SDN List under terrorism-related sanctions authority
- Blocks their property and interests in property subject to U.S. jurisdiction
- Generally prohibits U.S. persons from transactions with the listed individuals
Obligations
What this law requires
Block and freeze all property and interests in property of the listed SDN individuals that are subject to U.S. jurisdiction.
Do not engage in transactions or business dealings with the listed SDN individuals unless authorized by OFAC.
Update sanctions screening controls to include the listed individuals and their known aliases, identification details, and SDGT designation status.
Screen existing customer, counterparty, and transaction relationships against the newly listed SDN individuals and stop any prohibited dealings identified.