Sanctions control & ownership Understand what subjects are owned or controlled by a sanctioned entity or individual. Our specialist research team has identified more than 49,000 companies owned or controlled by
On 24 February 2023, the one-year anniversary of Russia's invasion of Ukraine, the US Department of State and the US Department of Treasury's Office of Foreign Assets Control (OFAC) imposed sanctions on numerous additional individuals, entities and vessels that the US has determined are engaged...
Moody’s data and technology solutions can help financial institutions, as well as businesses outside financial services, conduct their due diligence on a company that produces or deals in goods on the CHPL. For example, understanding relevant risk factors such as ownership and control related...
OFSI has published the information-sharing Memorandum of Understanding (MOU) with the Office for Foreign Assets Control (OFAC) dated 9 October 2024. The MOU is said to enhance OFSI's and OFAC's collective ability to collaborate and share information, further fortifying their coordinated efforts i...
Since the G7 plus Australia introduced a $60/bbl cap on the price for seaborne Russian-origin crude oil, prohibiting service providers in their jurisdictions to enable maritime transportation above that level, Russia has built a shadow fleet of tankers st...
An entity that is owned 50% or more by one or more SDNs is itself treated as an SDN. There is no guidance on how to interpret the 50% test in complex ownership scenarios, but it is generally though of as economic ownership. For example, if an entity is owned (by value) 60% by ...
often concealing identities and objectives. This underscores the need for U.S. persons to carefully scrutinize transactions for beneficial ownership, and in the case of goods and services, end-use, and to look beyond immediate, declared counterparties, and beneficiaries. Indeed, OFAC’s actions are...
Obtain government approvals in connection with mergers and acquisitions, including notifications to DDTC, national security clearance approvals and negotiating Foreign Ownership, Control, or Influence (FOCI) mitigation instruments with the Defense Security Service. ...
This requires of the regulated entity to request information from the prospective client on their identity as well as beneficial ownership information. Additionally, the prospective client may be requested to provide documentary proof of their current residential or business address and information on the...
The plan, although accepted by the international community, was rejected by the Arabs, and in May 1948, as British forces withdrew, Israel was born in a region with unresolved disputes over borders, security, land ownership, and other matters. Since that time, Israel has fought a number of ...