Is Iran an OFAC sanctioned country?

New U.S. sanctions list 2020

U.S. sanctions programs vary in scope.  Some are broad-based and geographically targeted (i.e., Cuba, Iran).  Others are “targeted” (i.e., counterterrorism, counternarcotics) and focus on specific individuals and entities.

These programs can encompass broad country-level prohibitions as well as targeted sanctions.  Due to the diversity of sanctions, we recommend that you visit the “Sanctions Programs and Country Information” page for information on a specific program.

OFAC administers several different sanctions programs.  Sanctions can be comprehensive or targeted, using asset freezing and trade restrictions to meet foreign policy and national security objectives.

What does OFAC sanction?

As mentioned, OFAC’s purpose is to penalize those entities or countries that go against or represent a risk to its national financial policy. Therefore, it grants sanctions against foreign countries and regimes, terrorists and international drug traffickers.

What is OFAC’s main function?

OFAC is a bureau of the U.S. Department of the Treasury that administers and enforces economic and trade sanctions based on U.S. foreign policy…. All U.S. persons, including U.S. citizens, are subject to U.S. sanctions.

Which individuals, groups or entities are subject to economic sanctions by the U.S. Treasury Department and OFAC?

Who must comply with OFAC sanctions? OFAC compliance applies to all U.S. persons; including all U.S. citizens and permanent resident aliens, regardless of where they are located, all persons and entities within the U.S., all U.S. persons and entities within the U.S., and all U.S. persons and entities within the U.S. who are subject to OFAC sanctions.

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OFAC lists

As a U.S. company, we comply with Office of Foreign Assets Control (“OFAC”) sanctions. OFAC is a division of the U.S. Department of the Treasury that administers and enforces economic and trade sanctions based on U.S. foreign policy and national security objectives against foreign countries and regimes, terrorists, international drug traffickers, those engaged in activities related to the proliferation of weapons of mass destruction and other threats to the national security, foreign policy or economy of the United States. As such, some are broad-based and geographically targeted (i.e., Cuba, Iran). Others are “targeted” and focus on specific individuals and entities.

What is OFAC or the Clinton List?

The Clinton List issued by the Office of Foreign Assets Control (OFAC) is a sanction program. Mostly referred to as Significant Narcotics Traffickers based in Colombia. … In addition, it declared the drug cartels in Colombia as a threat to the security and economy of the United States.

How do you know if someone is on the Clinton List?

To answer the question How do I know if I am on the Clinton list? You need to go to this link and download the updated list and check if your name is there. However, there are processes that are being carried out against individuals and their links to illegal groups, and your name does not appear immediately.

What are the foreign assets?

Represents available foreign assets. In the case of monetary statistics, it comprises all asset categories, such as holdings of foreign currency, deposits, securities, loans, financial derivatives and other assets, vis-à-vis nonresidents.

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Countries sanctioned by gafi

Since the end of World War II, the United States, given the weakness of most of the countries in the world and shielded by anti-communism, used its economic and military power and the financial organizations born of the Bretton Woods agreement to sanction those states that did not align themselves with its economic and strategic interests.

The most recent excuses for sanctions have been the violation of human rights and terrorism, even in countries where it has been proven by declassified documents that the U.S. government itself has encouraged, financed and protected dictatorial regimes in Latin America and the Caribbean, the Middle East, Africa and Asia, not to mention the dozens of invasions and coups d’états – the perfect backdrop for subjugation and subordination.

In 1950, with the entry of the United States into the Korean War (between North and South Korea), the first economic sanctions were introduced against North Korea, one of the most affected countries, and remained in place until 2008. This decision was aimed at weakening the “Soviet Union’s support” for its ally in the North.

What is OFAC 001?

The Office of Foreign Assets Control (OFAC) of the U.S. Department of the Treasury administers and enforces economic and trade sanctions based on U.S. foreign policy.

What are the functions of a compliance officer?

Functions of the Compliance Officer

Promote training programs on topics related to the prevention of money laundering and financing of terrorism within the organization for all personnel.

What is OFAC in English?

WASHINGTON, D.C., EE.UU. – La Oficina de Control de Activos Extranjeros (OFAC) del Departamento del Tesoro de EE.UU. ha autorizado la exportación de determinados servicios de comunicaciones personales por Internet, como la mensajería instantánea, el correo electrónico y las redes sociales, a Cuba, Irán y Sudán.

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This agency is responsible for administering and enforcing economic sanctions imposed by the United States in order to protect the country’s national security based on its foreign policy. These same sanctions are used to prevent countries, entities and individuals from using the U.S. financial system for purposes contrary to U.S. policy.

Countries sanctioned by OFAC are penalized under national emergency presidential powers, in addition to specific authority granted by legislation which provides controls on transactions and freezes assets under U.S. jurisdiction.

As mentioned, OFAC’s purpose is to penalize those entities or countries that go against or pose a risk to its national financial policy. Therefore, it grants sanctions against foreign countries and regimes, terrorists and international drug traffickers. It also sanctions those countries involved in activities related to the sale of weapons of mass destruction and other threats to the national security, foreign policy or economy of the United States.