Comercial Iberoamericana, S.a. was added to the SDN list under the Entity sanctions program. U.S. persons are prohibited from engaging in transactions with this entity. All assets under U.S. jurisdiction are frozen.
•Comercial Iberoamericana, S.a. was sanctioned by OFAC.
•They are on the SDN list under the Entity program.
•U.S. persons cannot transact with this entity.
•All their assets in the U.S. are frozen.
•An OFAC listing typically cuts off normal business with U.S. entities immediately.
Why This Matters
U.S. persons must cease all transactions with Comercial Iberoamericana, S.a. to comply with the sanctions. This could impact their business relationships.