Can OFAC freeze personal bank accounts, or do sanctions only apply to businesses?
#1
22:32 02/05/2026
Anonymous32084693
Threads: 30
Posts: 0
Can OFAC freeze personal bank accounts, or do sanctions only apply to businesses? My personal accounts were suddenly restricted and the bank mentioned sanctions screening.
#2
02/05/2026
Anonymous32083971
Threads: 0
Posts: 52
OFAC sanctions apply to both individuals and businesses. Personal accounts can absolutely be frozen if your name matches someone on the SDN list or if you've conducted transactions that trigger sanctions concerns. Common scenarios: (1) Your name is similar to someone on the SDN list (false positive). (2) You received money from or sent money to a sanctioned country or entity. (3) You're actually designated on the SDN list. (4) You have business relationships that create sanctions exposure. Banks are required to block accounts of SDN-listed persons and block transactions involving prohibited parties, regardless of whether it's a personal or business account. If this happened to you, immediately contact your bank for specific details about why the account was restricted. Request documentation of the screening hit. If it's a false positive, you'll need to provide identification and evidence that you're not the listed person. I found step-by-step guidance for these situations at https://ofacblockedfundslawyers.com/ when helping a colleague who faced this. If you are actually listed, that's a much more complex situation requiring legal assistance. Don't ignore this - frozen accounts can affect your ability to pay bills, access your money, and can cascade to other financial institutions.
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