OFAC Update: Fresh Insights on Recent Actions
The Office of Foreign Assets Control (OFAC) has recently announced an update on their website, and we’re excited to dive into the latest developments. In their latest release, OFAC has made significant changes to their sanctions lists, adding new individuals and entities from various countries.
New Additions: A Breakdown by Country
According to the latest update, the following countries have seen new additions to their sanctions lists:
- Russia: 15 new individuals and 5 entities have been added to the sanctions list, bringing the total to 1,443 individuals and 276 entities.
- Iran: 20 new individuals and 3 entities have been added, increasing the total to 1,236 individuals and 184 entities.
- North Korea: 12 new individuals and 2 entities have been added, bringing the total to 842 individuals and 120 entities.
- Cuba: 8 new individuals and 1 entity have been added, increasing the total to 242 individuals and 72 entities.
- Venezuela: 10 new individuals and 1 entity have been added, bringing the total to 222 individuals and 54 entities.
What’s Next?
As part of their efforts to improve user experience, OFAC has launched a user survey to gather feedback on their website. The survey will be accessible until December 30, 2024, and will help inform the development of new features and resources.
Stay tuned for further updates on OFAC’s latest actions and changes to their sanctions lists.
Referrence link: OFAC link
