Frequently Asked Questions | U.S. Department of the Treasury

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 ... 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Breadcrumb Home PolicyIssues FinancialSanctions FrequentlyAskedQuestions FinancialSanctions FrequentlyAskedQuestions SearchFAQs Backgroundon OFAC'sFrequentlyAskedQuestions OFACFAQsOnOnePage-forsimplein-pagesearchingusingyourbrowser'sfind(CTRL-F)function FeaturedFAQs 401.OFAC’s50PercentRulestatesthatthepropertyandinterestsinpropertyofentitiesdirectlyorindirectlyowned50percentormoreintheaggregatebyoneormoreblockedpersonsareconsideredblocked.HowdoesOFACinterpretindirectownershipasitrelatestocertaincomplexownershipstructures? "Indirectly,"asusedinOFAC’s50PercentRule,referstooneormoreblockedpersons'ownershipofsharesofanentitythroughanotherentityorentitiesthatare50percentormoreownedintheaggregatebytheblockedperson(s).OFACurgespersons…Readmore 5.HowdoIdetermineifIhaveavalidOFACmatch? Pleasetakethefollowing“duediligence”stepsindeterminingavalidOFACmatch. Ifyouarecallingaboutawiretransferorother“live”transaction: Step1.Isthe“hit”or“match”againstOFAC’sSpeciallyDesignatedNationals(SDN)list,oneofits…Readmore RecentlyAddedFAQs 948.DoesDirective1underE.O.14038prohibitU.S.personsfromenteringintoderivativescontractslinkedtonewdebtissuedbytheMinistryofFinanceoftheRepublicofBelarusortheDevelopmentBankoftheRepublicofBelarus? Yes. TransactionsbyU.S.personsandwithintheUnitedStatesinvolvingderivativeproductswhosevalueislinkedtoanunderlyingassetthatconstitutesprohibiteddebtissuedbyapersonsubjecttoDirective1underE.O.14038areprohibited,unless…Readmore 947.IfaU.S.personenteredintoarevolvingcreditfacilityorlong-termloanagreementforapersondeterminedtobesubjecttoDirective1underE.O.14038priortoDecember2,2021,whataretherestrictionsondrawdownsfromthatfacility? Doalldrawdownsanddisbursementspursuanttotheparentagreementneedtocarryrepaymenttermsof90daysorless? IfaU.S.personenteredintoarevolvingcreditfacilityorlong-termloanagreementpriortoDecember2,2021,drawdownsanddisbursementswithrepaymenttermsof90daysorlessarepermitted. Inaddition,drawdownsanddisbursementswhoserepaymentterms…Readmore GeneralQuestions BasicInformationonOFACandSanctions OFACLicenses HowtoReceiveNotificationsAboutOFACUpdates OFACInformationonaCreditReport EntitiesOwnedbyBlockedPersons(50%Rule) Cross-ProgrammaticComplianceServicesGuidance SanctionsPrograms BelarusSanctions BurmaSanctions ChineseMilitaryCompaniesSanctions CounterTerrorismSanctions CubaSanctions Cyber-relatedSanctions Ethiopia-RelatedSanctions GlobalMagnitskySanctions HongKong-relatedSanctions IranSanctions Nicaragua-relatedSanctions NorthKoreaSanctions RussianHarmfulForeignActivitiesSanctions SomaliaSanctions Sudan,Darfur,andSouthSudan-relatedSanctions SyriaSanctions Ukraine-/Russia-relatedSanctions VenezuelaSanctions SanctionsCompliance AssessingOFACNameMatches StartinganOFACComplianceProgram BlockingandRejectingTransactions FilingReportswithOFAC ComplianceforInternet,WebBasedActivities,andPersonalCommunications CompliancefortheInsuranceIndustry AdditionalQuestionsfromFinancialInstitutions QuestionsonVirtualCurrency SanctionsListsandFiles SpeciallyDesignatedNationals(SDNs)andtheSDNList HowtoSearchOFAC'sSanctionsLists InformationonListFileFormatsandDownloads WeakAliases