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InterConsult21 Global B2B |
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InterConsult21 complies with the OFAC regulations. InterConsult21 supports the OFAC and do not deal with Countries stated in the following list*
Persons Undermining the Sovereignty of Lebanon or Its Democratic Processes and Institutions
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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 OFAC’s 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]
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