Regulatory bodiesofac
OFAC
US Office of Foreign Assets Control — administers and enforces US economic and trade sanctions.
OFAC (Office of Foreign Assets Control) is the US Treasury unit that administers and enforces US economic sanctions. Its SDN List (Specially Designated Nationals) is the most important single sanctions list globally — every USD-cleared transaction passes through US correspondent banks, so any OFAC-listed entity is effectively cut off from dollar trade.
OilFlow screens every applicant against OFAC SDN, UN Consolidated, EU Consolidated, and UK HM Treasury lists as a hard stop in the 7-step KYC pipeline.
Related: KYC, UN-Sanctions.
See also