Compliance
Compliance Corner - US Treasury
The latest in compliance issues in wealth management across North America.
US Treasury
The US Treasury
has updated its "Specially Designated Nationals and Blocked
Persons List" which itemizes people and organizations with whom
US citizens are banned from dealing because of suspected
terrorism and other threats.
The list, which is issued by the Office of Foreign Assets
Control, is used by bankers, wealth managers, compliance officers
and others to ensure that they do not do business with prohibited
persons. In recent years, the US has imposed sanctions on regimes
such as Cuba, Iran and the Sudan, and punished banks that have
breached cross-border financial controls.
The list can be viewed via the US Treasury's website
here.
