What is a FSE list?

This Foreign Sanctions Evaders List (“FSE List”) includes persons sanctioned pursuant to E.O. 13608 for engaging in conduct relating to the evasion of U.S. economic and financial sanctions with respect to Iran or Syria, which are identified , respectively, with the program tags [FSE-IR] and [FSE-SY].

Who is on the U.S. sanctions list?

Combined, the Treasury Department, the Commerce Department and the State Department list embargoes against 20 countries or territories:

• Afghanistan.
• Belarus.
• Bolivia.
• Cambodia.
• China.
• Crimea.
• Cuba.
• Eritrea.

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.

Can U.S. citizens be on the OFAC list?

Who must comply with OFAC regulations? 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 FSE list?

OFAC publishes a list of foreign individuals and entities determined to have violated, attempted to violate, conspired to violate, or caused a violation of U.S. sanctions on Syria or Iran pursuant to Executive Order 13608.

What is OFAC SSI list?

The Sectoral Sanctions Identifications List (the. “SSI List”) This publication of Treasury’s Office of Foreign Assets Control (“OFAC”) is a reference tool providing actual notice of actions by OFAC with respect to persons that are identified pursuant to Executive Order 13662.

What are the 6 sanctioned countries?

Sanctioned Destinations. North Korea. Syria. Russia-Belarus.

What countries are on OFAC list?

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. The list of sanctioned countries is updated periodically and is available here.

Who is a U.S. person under OFAC?

Can a U.S. citizen be on the SDN list?

U.S. Department of the Treasury Collectively, such individuals and companies are called “Specially Designated Nationals” or “SDNs.” Their assets are blocked and U.S. persons are generally prohibited from dealing with them. View more information on Treasury’s Sanctions Programs.

Are the FSE and SSI list part of the SDN list?

Collectively, such individuals and companies are called “Foreign Sanctions Evaders” or “FSEs.” Transactions by U.S. persons or within the United States involving FSEs are prohibited. The FSE List is not part of the Specially Designated Nationals (SDN) List.

What is SDN and non SDN list?

When full blocking sanctions in a statute or other authority are imposed on a person, that person is identified solely on OFAC’s List of Specially Designated Nationals and Blocked Persons (SDN List). Any other sanctions short of full blocking that are imposed on that person are also identified on the SDN List.

What are the 3 types of OFAC sanctions?

OFAC administers a number of different sanctions programs. The sanctions can be either comprehensive or selective, using the blocking of assets and trade restrictions to accomplish foreign policy and national security goals.

What does SSI mean in sanctions?

Sectoral Sanctions Identifications (SSI) List.

What is OFAC sanction list?

OFAC Sanctions Lists OFAC publishes lists of individuals and companies owned or controlled by, or acting for or on behalf of, targeted countries. It also lists individuals, groups, and entities, such as terrorists and narcotics traffickers designated under programs that are not country-specific.

What is an OFAC country?

The Office of Foreign Assets Control (OFAC) is part of the United States Treasury Department. OFAC manages the United States government’s sanctions and embargo programs, as well as the Specially Designated Nationals (SDNs) and Blocked Persons lists.

Who is considered a US person?

United States Persons The term ”United States person” means: A citizen or resident of the United States. A domestic partnership. A domestic corporation. Any estate other than a foreign estate.

What does it mean if you are on the OFAC list?

Can OFAC block U.S. citizens?

Property and transactions which violate OFAC sanctions can be blocked by the shipper or the financial institution, which has a duty to inspect the SDN list and prevent the flow of funds or goods between the United States (and U.S. citizens living abroad) and the targeted nation or individual.

Do the FSE and SSI lists replace the SDN list?

The FSE and SSI lists replace the SDN list.

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. It also lists individuals, groups, and entities, such as terrorists and narcotics traffickers designated under programs that are not country-specific.

What is the difference between a US person and U.S. citizen?

An individual is a citizen if that person was born in the United States or if the individual has been naturalized as a US citizen. You can also be a US citizen, even if born outside the United States if one or both of your parents are US citizens. You are a ‘tax resident’ of the United States.

Is green card holder a US person?

Lawful permanent residents (LPRs), also known as “green card” holders, are non-citizens who are lawfully authorized to live permanently within the United States.