Ghana Sanctions List: US Treasury’s Office of Foreign Assets Control Releases Latest Updates

Overview

The United States Department of the Treasury’s Office of Foreign Assets Control (OFAC) has released its latest sanctions list, targeting individuals and entities involved in harmful activities around the world. The sanctions list is regularly updated to combat terrorism, counter-narcotics trafficking, cyber-related activities, and other illicit behaviors.

Recently Updated or Implemented Sanctions Programs

• Country-specific sanctions: Programs targeting Afghanistan, Belarus, Burma, China, Democratic Republic of the Congo, Ethiopia, Hong Kong, Iran, Iraq, Lebanon, Libya, Mali, Nicaragua, North Korea, Russia, South Sudan, Somalia, Sudan, Syria, Ukraine, Venezuela, West Bank, and Yemen.
• Thematic sanctions: Measures aimed at combating terrorism, counter-narcotics trafficking, cyber-related activities, and other harmful behaviors.

Implications for Ghana

For individuals and entities operating in Ghana who are found to be involved in illegal activities, the sanctions list may have significant implications. The government has urged citizens to exercise caution when dealing with international transactions and to ensure compliance with US regulations.

Accessing the Sanctions List

The full list of OFAC-sanctioned entities can be accessed on the Treasury Department’s website.

Takeaways

• The sanctions list is regularly updated to target individuals and entities involved in harmful activities.
• Country-specific sanctions have been implemented or updated for various countries, including Iran, North Korea, Russia, and Ukraine.
• Individuals and entities operating in Ghana should exercise caution when dealing with international transactions and ensure compliance with US regulations.