The Office of Foreign Assets Control announced changes to its "Specially Designated Nationals" list. SDNs are (i) individuals and companies owned or controlled by, or acting for or on behalf of, targeted countries or (ii) individuals, groups, and entities, such as terrorists and narcotics traffickers designated under programs that are not country-specific. The assets of listed SDNs are blocked and U.S. persons are generally prohibited from dealing with them.
The Treasury Department provided more details about President Obama's May 1 Executive Order on foreign sanctions evaders, in a FAQ sheet made public May 2. (The order (here) imposed additional sanctions on those found to have tried to evade the original sanctions, see ITT Online Archives [Ref.12050203]).
The Office of Foreign Assets Control announced changes to its "Specially Designated Nationals" list. SDNs are (i) individuals and companies owned or controlled by, or acting for or on behalf of, targeted countries or (ii) individuals, groups, and entities, such as terrorists and narcotics traffickers designated under programs that are not country-specific. The assets of listed SDNs are blocked and U.S. persons are generally prohibited from dealing with them.