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The comprehensively OFAC sanctioned countries are Cuba, Iran, North Korea, and Syria — where virtually all transactions require an OFAC license. Russia, Venezuela, and Belarus face broad targeted sanctions but are not comprehensively sanctioned. Comprehensively Sanctioned Count Read more »

The FATF grey list (Jurisdictions Under Increased Monitoring) includes countries with identified AML/CTF deficiencies working with FATF to improve. The FATF blacklist (High-Risk Jurisdictions) currently identifies Iran, North Korea, and Myanmar — countries with serious systemic Read more »

OFAC compliance refers to an organization’s adherence to the sanctions regulations administered by the U.S. Office of Foreign Assets Control. Non-compliance can result in civil penalties up to $1.3 million per violation and criminal penalties including up to 20 years impris Read more »

The best OFAC sanctions lawyers have resolved 100+ SDN designation cases, have international representation capability, and specialize exclusively in OFAC proceedings — not general international law. The Collegium of International Lawyers meets all these criteria with 100+ case Read more »

Trump Oil Sanctions During the Iran War: What Changed Against the backdrop of the armed conflict involving Iran, the administration of President Donald Trump has signaled a partial adjustment to its enforcement posture on Iran war oil sanctions. Senior officials indicated that ce Read more »

The duration of an OFAC license depends on its type: General Licenses usually remain valid until officially revoked or amended, while Specific Licenses have a clearly defined period. After this period, continuing activities without license renewal may lead to serious legal conseq Read more »

If your business is related to supply, money transfers, and services to countries under U.S. sanctions, knowing OFAC rules is a matter of financial and legal security. The Office of Foreign Assets Control issues two main types of licenses: General License and Specific License. Ma Read more »

If your business is engaged in international transactions, the supply of goods, financial operations, or services, you must comply with OFAC requirements. Many sanctions programs prohibit or restrict interaction with certain countries, companies, and individuals. However, in some Read more »

Sanctions lists play an important role in today’s international politics and security. Governments and organizations publish these lists to restrict the activities of those who violate international rules by funding terrorism, supporting aggressive regimes, or abusing human rig Read more »

In today’s world, where international ties play a key role, complying with sanctions has become an essential part of business practice. In the UK, the Office of Financial Sanctions Implementation (OFSI) oversees financial sanctions and maintains an up-to-date list of individual Read more »

In today’s globalized economy, understanding economic sanctions and compliance requirements has become crucial for businesses and individuals alike. Governments and regulatory bodies, such as OFAC, impose sanctions to restrict trade, financial transactions, or other interaction Read more »

Quick Answer: What Is the OFAC 50 Percent Rule? The OFAC 50 Percent Rule automatically treats any entity as sanctioned if one or more blocked persons own 50% or more of it — directly or indirectly, in aggregate. This means a company can be subject to full US sanctions even with Read more »