Comercial Iberoamericana, S.a. was added to the SDN list under the Entity sanctions program. This prohibits U.S. persons from engaging in transactions with them. Their assets within U.S. jurisdiction are also frozen.
•Comercial Iberoamericana, S.a. was sanctioned by OFAC.
•They are now on the SDN list under the Entity program.
•U.S. persons are prohibited from transacting with them.
•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 any transactions with Comercial Iberoamericana, S.a. and ensure compliance with asset freezes. Failure to comply can lead to penalties.