OFAC Updates: New Designations in Cyber-related and Global Magnitsky Sanctions
The Office of Foreign Assets Control (OFAC) has announced the addition of several new individuals and entities to its Specially Designated Nationals (SDN) List. These designations are part of the agency’s ongoing efforts to combat cyber-related threats and promote accountability for human rights abuses.
In total, 8 individuals and 1 entity have been added to the SDN List, with connections to countries including Cyprus, Greece, Switzerland, Israel, Romania, Georgia, and the United Arab Emirates.
Here is the breakdown of the new designations:
- Individuals: 8
- Countries: Cyprus (2), Greece (2), Switzerland (1), Israel (1), Romania (1), Georgia (3), United Arab Emirates (1)
The new designations include individuals with alleged ties to cyber-related activities, as well as those accused of human rights abuses. The entity added to the list is a company based in the British Virgin Islands.
These updates bring the total number of individuals and entities on the SDN List to [insert number]. The list is updated regularly to reflect changes in the global financial landscape and to ensure that those who engage in illicit activities are held accountable.
For more information on the SDN List and OFAC’s sanctions programs, please visit the agency’s website.
Referrence link: OFAC link
