NIREF — OFAC Entity (1555)

Niref has been added to the SDN list under the Entity sanctions program. This means U.S. persons are prohibited from engaging in transactions with Niref, and their assets are frozen. Compliance with these sanctions is mandatory for all U.S. entities.

• •Niref has been sanctioned by OFAC.
• •They are now on the SDN list.
• •U.S. persons cannot transact with Niref.
• •Their assets are frozen.
• •An OFAC listing typically cuts off normal business with U.S. entities immediately.

U.S. persons must cease all transactions with Niref, and financial institutions need to ensure compliance with the sanctions. This could affect Niref's ability to access U.S. markets.