Who is on the OFAC sanctions list?
Sanctions Programs & Country Info
- Russia-related Sanctions.
- Iran Sanctions.
- North Korea Sanctions.
- Cuba Sanctions.
- Counter Narcotics Sanctions.
- Venezuela-related Sanctions.
- Complete List of Sanctions Programs and Country Information.
Is Russia under OFAC sanctions?
OFAC has further determined that these same services sectors of the Russian Federation economy are subject to sanctions pursuant to E.O. 14024.
Which are OFAC countries?
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.
Which Russian banks can still use Swift?
Russia’s biggest bank, Sberbank PJSC, was allowed to stay on SWIFT, as was Gazprombank JSC, a key bank for Russia’s energy conglomerates. On June 3, the EU added three more banks including Sberbank, which has twice as many assets as any other bank in Russia.
What is the meaning of OFAC?
The Office of Foreign Assets Control administers and enforces economic sanctions programs primarily against countries and groups of individuals, such as terrorists and narcotics traffickers.
What does OFAC check for?
It’s monitoring the candidate to meet national security goals against foreign regimes, foreign countries, international drug traffickers, and terrorists. An OFAC check is also looking for anyone who is recreating weapons of mass destruction.
Does OFAC apply to all USD transactions?
Generally speaking, OFAC prohibits all transactions between those on the SDN list and US individuals and companies that fall under the scope of a “nexus to US jurisdiction”, as explained below.
Which Russian banks are sanctioned by us?
Full blocking sanctions on Russia’s largest financial institution, Sberbank, and Russia’s largest private bank, Alfa Bank. This action will freeze any of Sberbank’s and Alfa Bank’s assets touching the U.S financial system and prohibit U.S. persons from doing business with them.
What countries are sanctioned by the US?
The Bureau of Industry and Security (BIS) implements U.S. Government certain sanctions against Cuba, Iran, North Korea, and Syria pursuant to the Export Administration Regulations (EAR), either unilaterally or to implement United Nations Security Council Resolutions.