U.S. Treasury Adds Multiple Individuals, Entities to Sanctions List

The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) has updated its Specially Designated Nationals (SDN) List, adding 34 individuals, 28 entities, and 20 vessels linked to illicit activities. New designations include Turkish nationals tied to Hezbollah, Ecuadorian citizens connected to drug trafficking networks, and Cuban state-owned enterprises. Notable additions include Jimmy Leonidas Alarcón Holguín and other Ecuadorian nationals linked to maritime cocaine smuggling, as well as Cuban entities associated with the Cuban Institute of Friendship with the Peoples. OFAC also revised entries for Hezbollah and expanded sanctions on Iranian-linked actors. The updates aim to target financial support for terrorism, narcotics trafficking, and corrupt economic practices. No unrelated administrative changes were reported.

source

Made by AI. If you spot anything of concern write us at contact@cybach.com. We’ll promptly correct irregularities.


Posted