Featured FAQs
401. OFAC’s 50 Percent Rule states that the property and interests in property of entities directly or indirectly owned 50 percent or more in the aggregate by one or more blocked persons are considered blocked. How does OFAC interpret indirect ownership as it relates to certain complex ownership structures?
"Indirectly," as used in OFAC’s 50 Percent Rule, refers to one or more blocked persons' ownership of shares of an entity through another entity or entities that are 50 percent or more owned in the aggregate by the blocked person(s). OFAC urges persons consider ... Read more
5. When screening for sanctions, how do I determine if I have a valid match to a name on one of OFAC’s lists?
When attempting to verify or disqualify potential matches to individuals or entities on OFAC's sanctions lists, organizations should follow their own sanctions compliance policies and procedures for investigating potential matches. OFAC recommends that s ... Read more
Recently Added FAQs
1270. How can I get my OFAC specific license amended or renewed?
If you currently have a specific license from OFAC and seek to amend the terms of the license due to a change in circumstance, or wish to renew or extend the license's expiration date, please visit the OFAC Specific Licenses and Interpretive Guidance page on O ... Read more
1269. How do I find the case identification ("Case ID") number for my license application? Is it different from the Reference ID or Application Alias in my original application?
Case Identification Number: Once OFAC receives and begins to process your specific license application, OFAC's Licensing Division will assign a case identification ("Case ID") number. This number will be in the Year-Case ID format (i.e., YYYY-9999999). Note th ... Read more