Frequently Asked Questions

… wind down transactions involving any entity in which NNP owns, directly or indirectly, a 50 percent or greater interest.  OFAC’s designation of the NNP is directed at the NNP as an … wind down transactions involving any entity in which NNP owns, directly or indirectly, a … Read more

… as collateral by the Government of Venezuela (GOV) of any equity interest in an entity owned 50 percent or more by the GOV. One effect of subsection 1(a)(iii) is to require authorization … persons may engage in certain transactions regarding any equity interest in an entity owned… Read more

… U.S. persons must also comply with all other applicable reporting obligations. See FAQs 49 and 50. Questions about whether a transaction should be blocked should be directed to the OFAC … U.S. persons must also comply with all other applicable reporting obligations. See FAQs 49… Read more

… 4 SSI entities, their property, and their interests in property, including entities owned 50 percent or more by one or more persons determined to be subject to Directive 4. The … 4 SSI entities, their property, and their interests in property, including entities owned 50… Read more

… Passport do not require OFAC authorization to engage in activities that are exempt pursuant to 50 U.S.C. § 1702(b), such as travel to or from any country or the importation or exportation of … Passport do not require OFAC authorization to engage in activities that are exempt… Read more

… de Venezuela, S.A. (PdVSA), or any entity in which PdVSA owns, directly or indirectly, a 50 percent or greater interest (PdVSA Entities). This requirement does not apply to indirect … de Venezuela, S.A. (PdVSA), or any entity in which PdVSA owns, directly or indirectly, a… Read more

… owned by a person on the SDN List (defined as a direct or indirect ownership interest of 50 percent or more) are also blocked, regardless of whether that entity is separately named on the SDN List. For further information, see FAQ 401 and OFAC guidance on the "50… Read more

… to have an interest in all property and entities in which they own, directly or indirectly, a 50 percent or greater interest. As a result, such property and entities are also blocked, even if … to have an interest in all property and entities in which they own, directly or… Read more

… the property and report the blocking to OFAC within 10 days of blocking. Entities that are 50% or more owned by persons blocked by the GHRAVITY E.O. are also blocked, regardless of whether … the property and report the blocking to OFAC within 10 days of blocking. Entities that… Read more

… OFAC’s Specially Designated Nationals and Blocked Persons List (SDN List), and entities owned 50 percent or more, individually or in the aggregate, directly or indirectly, by one or more such … OFAC’s Specially Designated Nationals and Blocked Persons List (SDN List), and… Read more