WebMar 23, 2024 · Entities on the OFAC list can be deceptive, so accurate information is crucial to correctly verify identities. Doing business with an entity or individual on the OFAC or SDN list is risky, but so is incorrectly … WebOFAC is a government agency within the U.S. Department of the Treasury. OFAC stands for Office of Foreign Assets Control, which administers and enforces economic sanctions based on U.S. foreign policy. The goal is to enforce national security against targeted individuals and entities such as: Foreign and sanctioned countries.
What Does the OFAC Sanctions List Have to do With …
WebDec 2, 2024 · The Department of the Treasury's Office of Foreign Assets Control (OFAC) is publishing Belarus Directive 1 under Executive Order 14038. OFAC is also issuing Belarus General License 5, "Authorizing the Wind Down of Transactions Involving Open Joint Stock Company Belarusian Potash Company or Agrorozkvit LLC.". In conjunction with Directive … Web2 days ago · In addition to the actions described below, today OFAC revoked Russia-related General License 15, which had authorized transactions involving any entity owned 50 percent or more, directly or indirectly, by Usmanov that was not listed on OFAC’s Specially Designated Nationals and Blocked Persons List (SDN List). pabco hydroseal brushable
Frequently Asked Questions Office of Foreign Assets Control
Web2 days ago · The Department of the Treasury's Office of Foreign Assets Control (OFAC) is issuing Russia-related General License 62, "Authorizing the Wind Down of Transactions Involving Holdingovaya Kompaniya Metalloinvest AO, MegaFon PAO, Limited Liability Company USM Telecom, or Akkermann Cement Ca Limited Liability Company", General … WebApr 11, 2024 · It also lists individuals, groups, and entities, such as terrorists and narcotics traffickers designated under programs that are not country-specific. Collectively, such individuals and companies are called "Specially Designated Nationals" or "SDNs." Their assets are blocked and U.S. persons are generally prohibited from dealing with them. WebSection 311 of the USA PATRIOT Act provides the Secretary with a range of options that can be adapted to target specific money laundering and terrorist financing risks most effectively. These options provide the Treasury Department with a powerful and flexible regulatory tool to take actions to protect the U.S. financial system from specific ... jennifer garner y hilary swank