Any questions regarding the OFAC Russian sanctions program should be directed to OFAC. The Military End User List (Supplement No. What this means is that the assets of any person, be it an individual or an entity, appearing on this list which is subject to U.S. jurisdiction is to immediately be blocked and U.S. persons are prohibited in engaging in almost all types of transactions with them. List of active sanction programs under OFAC apply to the following countries and activities: Conflict Diamonds. The BIS Denied Persons List differs even from the Entity List because it can target both U.S. and foreign persons, and imposes strict licensing requirements which typically come with a presumption of denial. A lot of time folks dealing with import-export compliance issues get confused by the lists; namely, the List of Specially Designated Nationals and Blocked Persons (SDN List) administered by the United States Department of the Treasury’s Office of Foreign Assets Control (OFAC) and the Proscribed Persons Lists administered by the Bureau of Industry and Security at the U.S. Department of Commerce which is comprised of the Entity List and the Denied Person’s List. Please visit the links below for more information about each list. In addition to its list of Specially Designated Nationals and Blocked Persons, OFAC maintains other sanctions lists. Information on "Standard" denials. Human Rights Abuse (Magnitsky Act) Narcotics Trafficking. On the other hand, the two BIS Lists are quite different. Similarly to OFAC, BIS keeps a list of regulated items called the Commercial Control List (CCL). OFAC-API.com imports, sorts and formats the OFAC SDN list each hour, allowing for optimized search times and up to date result sets. United States Department of the Treasury’s Office of Foreign Assets Control. In separate, but related, December actions, the Department of Commerce’s Bureau of Industry and Security (BIS) and the Department of the Treasury’s Office of Foreign Assets Control (OFAC) published new sanctions lists largely aimed at companies tied to the Chinese military. OFAC acts under Presidential wartime and national emergency powers, as well as authority granted by specific legislation, to impose controls on transactions and freeze foreign assets under U.S. jurisdiction.. The Entity List consists of foreign end users who pose an unacceptable risk of diverting U.S. exports and the technology they contain to alternate destinations for the development of weapons of mass destruction. The Fine Print: Export Privileges are denied by written order of the Department of Commerce. For additional information BIS provides the following links: Executive Orders related to Russian sanctions Any transaction to which a listed person is a party will be deemed by BIS to raise a Red Flag. For example, the BIS Entity List imposes upon foreign persons license requirements supplemental to those found elsewhere in the Export Administration Regulations (EAR). Many of the sanctions are based on United Nations and other international mandates, are multilateral in scope, and involve close cooperation with allied governments. He frequently represents clients before the United States Department of the Treasury’s Office of Foreign Assets Control (OFAC), the United States Department of Commerce’s Bureau of Industry and Security (BIS), and in federal courts around the country. Specially Designated Nationals Lists - OFAC publishes a list of individuals and companies owned or controlled by, or acting for or on behalf of, targeted countries. The license requirements, license exceptions, and licensing policy vary … BIS Imposes Administrative Penalties for Submission of False or Misleading Export Information Involving Russia. List of Restricted Entities and Subentities Associated With Cuba Effective January 8, 2021 Frequently Asked Questions on the Cuba Restricted List White House In other words, a license from BIS would be required to ship most items to Syria and other OFAC sanctioned countries, or could be prohibited. The Bureau of Industry and Security ("BIS") of the U.S. Department of Commerce maintains separate lists for the purposes of the programs that it administers (including the Denied Persons List and the Entity List). BIS implements U.S. government sanctions against Cuba, Iran, North Korea, Sudan, and Syria pursuant to the EAR, either unilaterally or to implement UN Security Council Resolutions. The changes went into effect on October 17, 2016. On July 9, 2020, the U.S. Treasury Department’s Office of Foreign Assets Control (OFAC) announced in a press release its decision to add the Xinjiang Public Security Bureau (XPSB) and four Chinese government officials to the list of Specially Designated Nationals and Blocked Persons (SDN List). Search OFAC's Sanctions Lists Including the SDN List Search OFAC's Sanctions Lists Information About OFAC's Sanctions List Search Tools For enforcement, OFAC publishes a list of individuals and companies owned or controlled by, or acting for or on behalf of, targeted countries. The author of this blog is Erich Ferrari, an attorney specializing in OFAC matters.  Please visit the links below for more information about each list. Â, Information About OFAC's Sanctions List Search Tools​​, Budget, Financial Reporting, Planning and Performance, Financial Markets, Financial Institutions, and Fiscal Service, Treasury Coupon-Issue and Corporate Bond Yield Curve, Treasury International Capital (TIC) System, Kline-Miller Multiemployer Pension Reform Act of 2014, FACT SHEET: Treasury to Work to Ensure Families Get Access to Economic Impact Payments, Explore the History of the U.S Department of the Treasury, Tax Filing Season Begins February 12; Learn More Tax Tips and Ways to Speed Your Refund, Treasury Announces Appointment of Several Members of Staff, Report to the Secretary of the Treasury from the Treasury Borrowing Advisory Committee of the Securities Industry and Financial Markets Association, Minutes of the Meeting of the Treasury Borrowing Advisory Committee of the Securities Industry and Financial Markets Association February 2, 2021, Statement from Secretary of the Treasury Janet L. Yellen on the Congressional Budget Office Economic Outlook Report, Statement by Secretary Steven T. Mnuchin on Passage of the Coronavirus Response and Relief Supplemental Appropriations Act, Remarks by Counselor to the Secretary Carter Burwell at the Washington Institute, RT @ClimateEnvoy: . The impact of being on the Entity List can be devastating. OFAC-CSL: Consolidated Sanctions List (Department of the Treasury – Office of Foreign Assets Controls (OFAC)) including: ... Bureau of Industry and Security (BIS)) LADP: List of Administratively Debarred Parties (Department of State – Directorate of Defence Trade Controls (DDTC)) Foreign Election Interference. Below is a list of links to the Office of Foreign Assets Control's Specially Designated Nationals and Blocked Persons list, the Bureau of Industry and Security's Denied Parties List, the Entry List and the Office of Defense Trade Controls' Debarred Persons Lists.Each agency is responsible for maintaining and updating their respective lists. Despite BIS’s important role, many compliance professionals are not even aware of what the EAR stands for, let alone what it prohibits. Implementation in the Export Administration Regulations of the United States’ Rescission of Sudan’s Designation as a State Sponsor of Terrorism. Conviasa: Is OFAC Closing the Cabin Door? OFAC & BIS. @JanetYellen and I know that this is not a moment, it’s a movement – so we’re turning climate energy into climate action…, RT @ABC: "This is really an urgent need, and we need to act big, we have to make sure that we provide a bridge so that people aren’t scarre…, Form 941, employer's quarterly federal tax return, Civil Penalties and Enforcement Information, ​​S​ectoral Sanctions Identifications ListÂ, Non-SDN Palestinian Legislative Council List, T​​he List of Foreign Financial Institutions Subject to Part 561 (the "Part 561 List"), List of Foreign Financial Institutions Subject to Correspondent Account or Payable-Through Account Sanctions (CAPTA List), Non-SDN Menu-Based Sanctions List (NS-MBS List), Information about OFAC's File Transfer Protocol (FTP) Server, If you have an OFAC Alert on your Credit Report, Click here to appeal an OFAC designation or other listing​, Special Inspector General, Troubled Asset Relief Program (SIGTARP), Special Inspector General for Pandemic Recovery (SIGPR), Administrative Resource Center (ARC)- Bureau of the Fiscal Service. 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