InterConsult21 Global B2B

OFAC Compliance

InterConsult21 complies with the OFAC regulations.

InterConsult21 supports the OFAC and do not deal with Countries stated in the following list*

Comprehensive sanctions programs Other non-comprehensive programs
Burma (Myanmar)
Cuba
Iran
Sudan
Syria.
Western Balkans
Belarus
Cote d'Ivoire
Democratic Republic of the Congo
Iraq
Liberia
Lebanon
Libya
North Korea
Somalia
Zimbabwe

Persons Undermining the Sovereignty of Lebanon or Its Democratic Processes and Institutions

 

* Update 2014

10. What countries do I need to worry about in terms of U.S. sanctions?

OFAC administers a number of U.S. economic sanctions and embargoes that target geographic regions and governments.  Comprehensive sanctions programs include Burma (Myanmar), Cuba, Iran, Sudan, and Syria.  Other non-comprehensive programs include the Western Balkans, Belarus, Cote d'Ivoire, Democratic Republic of the Congo, Iraq, Liberia (Former Regime of Charles Taylor), Persons Undermining the Sovereignty of Lebanon or Its Democratic Processes and Institutions, Libya, North Korea, Somalia and Zimbabwe as well as other programs targeting individuals and entities located around the world.  Those programs currently relate to foreign narcotics traffickers, foreign terrorists, transnational criminal organizations, and WMD proliferators.  It is important to note that in non-comprehensive programs, there are no broad prohibitions on dealings with countries, but only against specific named individuals and entities.  The names are incorporated into OFACís list of Specially Designated Nationals and Blocked Persons ("SDN list") which includes over 6,000 names of companies and individuals who are connected with the sanctions targets.  A number of the named individuals and entities are known to move from country to country and may end up in locations where they would be least expected.  U.S. persons are prohibited from dealing with SDNs wherever they are located and all SDN assets are blocked. Entities that a person on the SDN List owns (defined as a direct or indirect ownership interest of 50% or more) are also blocked, regardless of whether that entity is separately named on the SDN List.  Because OFAC's programs are dynamic and constantly changing, it is very important to check OFAC's website on a regular basis to ensure that your SDN list is current and you have complete information regarding current restrictions affecting countries and parties with which you plan to do business. [03-27-12]

Reference:
http://www.treasury.gov/resource-center/faqs/Sanctions/Pages/answer.aspx#6