The power and integrity of OFAC sanctions derive not only from OFAC’s ability to designate and add persons to the SDN List but also from its willingness to remove persons from the SDN List consistent with the law. The ultimate goal of sanctions is not to punish but to bring about a posi...
Is the “hit” against the OFAC SDN list? Organization vs. individual vs. vessel? Is it a full name match? Have you gathered enough information to compare? Example 1 Example 1 Your potential customer: –Arnulfo Marquez; ABC Import-Export Limited; ...
– Screen all parties connected with registration “Due Diligence” “Due Diligence” Is the “hit” against the OFAC SDN list? Organization vs. individual vs. vessel? Is it a full name match? Have you gathered enough information to compare? Example 1 Example 1 Your potential customer: – ...
Echevarria, Vito
Further, the International Emergency Economic Powers Act (IEEPA) or the Trading with the Enemy Act (TWEA), prohibits individuals or entities from engaging in transactions, directly or indirectly, with those on “OFAC’s Specially Designated Nationals and Blocked Persons List (SDN List...
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