OFAC SDN List Update: Publication of Updated Ransomware Advisory; Cyber-related Designation

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Publication of Updated Ransomware Advisory; Cyber-related Designation

The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) has issued an updated advisory to highlight the sanctions risks associated with ransomware payments in connection with malicious cyber-enabled activities and the proactive steps companies can take to mitigate such risks, including actions that OFAC would consider to be "mitigating factors" in any related enforcement action.

In addition, the SDN list has recently been updated.  Please visit this page to access the latest version of the SDN list.  Check this page periodically as it may also be updated if a new list-related format or product is offered.

For more information on this specific action, please visit this page.