A LIST OF LISTS AND MORE LISTS: DESIGNATIONS AND WHAT THEY MEAN FOR US AND NON-US COMPANIES

From Torres Law on 2nd July, this article says that the US government maintains a variety of lists of sanctioned or denied parties — including entities, individuals, aircraft, and vessels—with whom companies and individuals are prohibited or restricted from dealing.  These lists are assembled for different reasons and under differing authorities.  What each list has in common is that the prohibitions or restrictions can impact companies around the world.  The article goes on to list, and explain, the various US lists –

OFAC –                                   SDN List

Sectoral Sanctions Identification List (SSI)

State Department –             List of debarred parties

Nonproliferation lists

BIS                                           Entity List

Denied Persons List

Unverified List

Other lists                             Including the Consolidated Screening List (CSL) which

captures information from many of the lists identified above.

While the CSL can be helpful and is a free tool, it is not

comprehensive, and may not screen against lists relevant to a

given transaction.

http://www.torrestradelaw.com/posts/A-List-of-Lists-and-More-Lists%3A-Designations-and-What-They-Mean-for-U.S.-and-Non-U.S.-Companies/151

Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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