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Compliance Corner - US Treasury

Editorial Staff

14 November 2018

US Treasury
The 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.