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OFAC

The Treasury Department's Office of Foreign Assets Control (OFAC) administers and enforces various economic and trade sanctions programs. It sanctions people and entities by adding them to the Specially Designated Nationals List, and it maintains several other restricted party lists, including the Non-SDN Chinese Military-Industrial Complex Companies List, which includes entities subject to certain investment restrictions. 

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Trump Policy Will Generally Ban Transactions With Cuban Military
June 16, 2017 by Brian Bradley|White House

President Donald Trump rolled out changes to U.S. economic policy toward Cuba on June 16, which will include diverting economic activities away from the “Cuban military monopoly,” while allowing U.S. individuals and entities to develop economic ties with the private small business sector in Cuba, according to a White House fact sheet. “President Trump’s policy changes will encourage American commerce with free Cuban businesses and pressure the Cuban government to allow the Cuban people to expand the private sector.” The policy directs the Commerce and Treasury departments to start within 30 days the process of issuing new regulations, a process that could take several months, the White House said.

OFAC Updates SDN List
June 15, 2017 |Treasury Dept.

The Office of Foreign Assets Control has removed 29 entries from its list of Specially Designated Nationals (SDN), under counter-narcotics designations, OFAC said (here). OFAC has also changed two entries on the SDN list under counter-narcotics designations, the agency said.

OFAC Updates SDN List
June 2, 2017 |Treasury Dept.

The Office of Foreign Assets Control has added two individuals under North Korea designations, one individual under nonproliferation designations, and one individual under Democratic Republic of the Congo (DRC) designations to its Specially Designated Nationals (SDN) list, OFAC said (here). OFAC has also added eight entities to the SDN list under North Korea designations, one entity under nonproliferation designations, and one entity under DRC designations, the agency said. OFAC also removed nine individuals from the SDN list under counterterrorism designations, and updated the entries for two entities under North Korea designations.

OFAC Adds to SDN List
May 31, 2017 |Treasury Dept.

The Office of Foreign Assets Control has added four individuals and five entities to its Specially Designated Nationals (SDN) list, under Kingpin Act designations, OFAC said (here).

OFAC Adds to SDN List
May 23, 2017 |Treasury Dept.

The Office of Foreign Assets Control has added eight individuals to its Specially Designated Nationals (SDN) list, under Venezuela designations, OFAC said (here).

OFAC Adds to SDN List
May 22, 2017 |Treasury Dept.

The Office of Foreign Assets Control has added four individuals and five entities to its Specially Designated Nationals (SDN) list, under nonproliferation designations, OFAC said (here and here). OFAC also added four individuals and four entities to the SDN list under Syria designations, the agency announced. Further, OFAC added four individuals to the SDN list under counterterrorism designations, the agency said (here).

OFAC Removes Names From SDN List
May 16, 2017 |Treasury Dept.

The Office of Foreign Assets Control removed 11 individuals, 14 entities and four vessels from its Specially Designated Nationals (SDN) list, and updated the entry for one individual, under Foreign Narcotics Kingpin Act designations, OFAC said (here).

OFAC Adds to SDN List
May 12, 2017 |Treasury Dept.

The Office of Foreign Assets Control has added three individuals and one entity to its Specially Designated Nationals list, under counterterrorism designations, OFAC said (here).

OFAC Removes Entries From SDN List
May 10, 2017 |Treasury Dept.

The Office of Foreign Assets Control removed 46 entries from its Specially Designated Nationals (SDN) list, and updated the entry for one individual, under Foreign Narcotics Kingpin Act designations, OFAC said (here).

OFAC Adds to SDN List
May 5, 2017 |Treasury Dept.

The Office of Foreign Assets Control has added two individuals and three entities to its Specially Designated Nationals list, under Kingpin Act designations, OFAC said (here).