What is OFAC 50 Percent Rule?
The OFAC 50 Percent Rule is a rule established by the U.S. Office of Foreign Assets Control (OFAC) that states that any organization or company in which 50% or more of the shares are owned by one or more persons on the Specially Designated Nationals (SDN) list is automatically subject to sanctions.
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What is OFAC Clearance?
To ensure that the OFAC Clearance process is carried out correctly, many companies seek the assistance of OFAC lawyers.
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What is the Difference Between OFAC and FinCEN?
OFAC implements economic sanctions, blocks the assets of individuals and organizations that threaten national security, and manages sanctions lists such as the SDN.
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What Are Frozen Assets?
Frozen assets are financial or physical resources to which access is restricted by decision of government agencies, courts or international organizations.
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What Is an OFAC License?
Restrictions associated with international sanctions often become an obstacle to doing business or personal financial transactions.
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How to Remove the SDN List?
The SDN List (Specially Designated Nationals and Blocked Persons List) is a list maintained by the US Office of Foreign Assets Control (OFAC).
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What Is the OFAC Sanctions List?
The OFAC Sanctions List is a tool for combating international threats such as terrorism, nuclear proliferation, and human rights violations.
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