OFAC Sanctions Notice: New Addition to SDN List
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Date: 2026-08-25
The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) has announced a new addition to its Specially Designated Nationals and Blocked Persons List (SDN List). This step is part of ongoing efforts to enforce sanctions related to Venezuela.
On August 7, 2026, OFAC identified BLUWAVES PROPERTIES LIMITED as an entity whose property and interests in property within U.S. jurisdiction are now blocked. BLUWAVES PROPERTIES LIMITED, established on March 5, 2021, operates out of the British Virgin Islands, with registration number 2056404.
This designation is pursuant to Executive Order 13850, dated November 1, 2018. The Executive Order targets individuals and entities contributing to the situation in Venezuela, specifically those operating in the oil sector of the Venezuelan economy.
U.S. persons are generally prohibited from engaging in any transactions with BLUWAVES PROPERTIES LIMITED. This restriction is part of a broader strategy to address the national emergency regarding Venezuela, as outlined in Executive Order 13857, dated January 25, 2019.
For further information, individuals can contact OFAC. The Associate Director for Global Targeting is available at 202-622-2420. The Assistant Director for Licensing is reachable at 202-622-2480. Meanwhile, inquiries regarding sanctions compliance can be directed to the Assistant Director for Sanctions Compliance at 202-622-2490. More details can be found on OFAC’s website.
Bradley T. Smith, the Director of the Office of Foreign Assets Control, announced this action. This notice is officially recorded in the Federal Register with document number 2026-17263, filed on August 24, 2026.
Stay informed about further updates through the Government Publishing Office’s website.
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