April 10, 2015

On April 1, 2015, the Obama Administration issued an Executive Order that will sanction individuals and entities that attempt, carry out or support malicious cyber-enabled activities that pose a significant threat to U.S. national security, foreign policy, as well as the country’s economic health and financial stability. Often, these activities are carried out by non-U.S. persons working, in whole or in part, outside of the United States; as such, they may be beyond the reach of traditional U.S. law enforcement authorities.

Therefore, the Administration is imposing financial sanctions against these parties in the same way that foreign terrorists, narcotics traffickers and criminal organizations are targeted. The Executive Order directs the State Department to impose travel bans on designated parties, prohibiting their entry into the United States, and orders the Treasury Department’s Office of Foreign Assets Control (“OFAC”) to freeze their assets.

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