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.
How many OFAC lists are there?
Due to the diversity among sanctions, we advise visiting the “Sanctions Programs and Country Information” page for information on a specific program. OFAC’s Specially Designated Nationals and Blocked Persons List (“SDN List”) has approximately 6,300 names connected with sanctions targets.
What are red flags for OFAC?
Any transaction to which a listed person is a party will be deemed by BIS to raise a Red Flag. U.S. Specially Designated Nationals Lists – OFAC publishes a list of individuals and companies owned or controlled by, or acting for or on behalf of, targeted countries.
Who is OFAC applicable to?
U.S. persons must comply with OFAC regulations, including all U.S. citizens and permanent resident aliens regardless of where they are located, all persons and entities within the United States, all U.S. incorporated entities and their foreign branches.
What is OFAC SDN list?
As part of its enforcement efforts, OFAC publishes a list of individuals and companies owned or controlled by, or acting for or on behalf of, targeted countries. Collectively, such individuals and companies are called “Specially Designated Nationals” or “SDNs.”
How many names can I search in OFAC?
OFAC Search Tool Each line should contain a separate name or phrase to search for in the OFAC Specially Designated Nationals (SDN) and Consolidated Sanctions Program Listings. You may search for a maximum of 500 names or phrases at a time as shown in the example below:
What can I do with the OFAC sanctions list?
Sanctions List Search is a free tool provided by OFAC to assist the public in complying with sanctions programs. It is intended to be used by individual users that are looking for potential matches on OFAC’s sanctions lists.
Is there a way to search the sanctions list?
Sanctions List Search. This Sanctions List Search application (“Sanctions List Search”) is designed to facilitate the use of the Specially Designated Nationals and Blocked Persons list (“SDN List”) and all other sanctions lists administered by OFAC, including the Foreign Sanctions Evaders List, the List of Persons Identified as Blocked Solely…
What is the phone number for the OFAC compliance hotline?
If you find a match or are in doubt about a specific account or transaction or you need additional information, contact OFAC’s Compliance Hotline at 800-540-6322.