39426288 (Colombia) (individual) [SDNTK]. The following entities have been added to OFAC’s SDN List: … 94 15, Nuevo Apartado, Apartado 05045, Colombia; NIT # 8110469383 (Colombia) [SDNTK].
Which countries are sanctioned by OFAC?
Currently, sanctioned countries include the Balkans, Belarus, Burma, Cote D’Ivoire (Ivory Coast), Cuba, Democratic Republic of Congo, Iran, Iraq, Liberia, North Korea, Sudan, Syria, and Zimbabwe.
Who is included in OFAC list?
OFAC publishes lists of individuals and companies owned or controlled by, or acting for or on behalf of, targeted countries. It also lists individuals, groups, and entities, such as terrorists and narcotics traffickers designated under programs that are not country-specific.
Can you tell someone they are on the OFAC list?
Can I tell the customer they are on the OFAC list? You are permitted to inform customer they are on the OFAC list, and that is the reason their assets were blocked or transaction rejected.
Is Turkey an OFAC sanctioned country?
On June 5, 2020, the U.S. Office of Foreign Assets Control (OFAC) issued a final rule implementing sanctions against Turkey originally published in Executive Order 13894, entitled “Blocking Property and Suspending Entry of Certain Persons Contributing to the Situation in Syria.” OFAC originally imposed and subsequently …
Which countries have US sanctions?
|Syria||1986||Syria–United States relations|
|Cuba||1958||United States embargo against Cuba|
|Venezuela||2019||International sanctions during the Venezuelan crisis|
|Turkey||2020||Turkey–United States relations|
What are OFAC red flags?
“Red Flag Indicators,” from the Department of Commerce’s Bureau of Industry and Security, encourage citizens to play an active role in the fight against proliferation and highlights specific activity indicative of potential export violations.
What transactions are subject to OFAC?
Transactions that are Subject to OFAC
- Deposit (checking & savings) accounts.
- Credit Cards.
- Wire transfers.
- ACH transfers.
- Lines of credit.
- Trust accounts.
- Loan payments.
Is Pakistan on the OFAC list?
The following entities have been added to OFAC’s SDN List: ABID ALI KHAN TRANSNATIONAL CRIMINAL ORGANIZATION, Pakistan; Afghanistan; United Arab Emirates [TCO].
What is the OFAC 50% rule?
OFAC’s 50 Percent Rule states that the property and interests in property of entities directly or indirectly owned 50 percent or more in the aggregate by one or more blocked persons are considered blocked.
What to do if someone is on the OFAC list?
Steps to Handle a “Hit” on the OFAC List
- Verify “hit”– Confirm that the “hit” is against the OFAC’s Specially Designated National list or targeted countries. …
- Compare Names – If the “hit” is confirmed to be against OFAC’s SDN list, the next step is to evaluate the quality of the hit.
What are the 3 types of OFAC sanctions?
OFAC Economic Sanctions Programs
- Criminal Enforcement;
- Humanitarian; and.
- National Security.