Featured FAQs
401. OFAC’s 50 Percent Rule states that the property and interests in property of entities directly or indirectly owned 50 percent or more in the aggregate by one or more blocked persons are considered blocked. How does OFAC interpret indirect ownership as it relates to certain complex ownership structures?
"Indirectly," as used in OFAC’s 50 Percent Rule, refers to one or more blocked persons' ownership of shares of an entity through another entity or entities that are 50 percent or more owned in the aggregate by the blocked person(s). OFAC urges persons… Read more
5. How do I determine if I have a valid OFAC match?
Please take the following “due diligence” steps in determining a valid OFAC match.
If you are calling about a wire transfer or other “live” transaction:
Step 1. Is the “hit” or “match” against OFAC’s Specially Designated Nationals (SDN) list, one of its… Read more
Recently Added FAQs
877. Can U.S. and non-U.S. persons provide humanitarian assistance in response to the Coronavirus Disease 2019 (COVID-19) outbreak in Yemen following the designation of Ansarallah?
Yes. U.S. persons may continue to provide humanitarian goods or assistance to the Yemeni people in response to the COVID-19 outbreak in Yemen, consistent with U.S. sanctions. With respect to certain activities that may result in transactions with or that… Read more
876. Do non-U.S. persons risk exposure to sanctions under E.O. 13224, as amended, for engaging in transactions involving Ansarallah, or any entity in which Ansarallah owns a 50 percent or greater interest, that U.S. persons would be authorized to engage in under General Licenses 9, 10, 11, and 12?
Non-U.S. persons may engage in or facilitate transactions involving Ansarallah, or any entity in which Ansarallah owns, directly or indirectly, a 50 percent or greater interest, without exposure to sanctions under E.O. 13224, as amended, if such activity… Read more