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. Their assets may also be 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 them.
•Their assets may be 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 immediately. This could lead to significant operational disruptions for the entity.