Several different sanctions programs are covered as part of OFAC’s SDN List – to date more than 30. But not only US businesses are affected by US trade restrictions: Due to the extraterritorial reach of US export controls, screening against US sanctions lists is also recommended for companies that trade in US goods, technology, or services – directly or indirectly – no matter where in the world they are located. Individuals, groups, and entities designated under non-country-specific sanctions programs (such as terrorists and narcotics traffickers)Īssets of SDNs are blocked and US persons are generally prohibited from dealing with them.Individuals and companies owned or controlled by, or acting for or on behalf of, sanctioned countries.OFAC is the financial intelligence and enforcement agency that administers and enforces US economic and trade sanctions in accordance with US national security and foreign policy objectives.Īs part of its enforcement efforts, OFAC publishes the “SDN List” – the “Specially Designated Nationals And Blocked Persons List.” This sanctions list includes so-called "Specially Designated Nationals" (SDNs): OFAC is the short name for the US Treasury Department’s Office of Foreign Assets Control.
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