List of Foreign Financial Institutions Subject to Correspondent Account or Payable-Through Account Sanctions
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The List of Foreign Financial Institutions Subject to Correspondent Account or Payable-Through Account Sanctions is an official U.S. sanctions list identifying foreign banks and financial institutions that are restricted from accessing certain U.S. dollar clearing and correspondent banking services.
Statements (46)
| Predicate | Object |
|---|---|
| instanceOf |
financial sanctions list
ⓘ
regulatory list ⓘ |
| appliesTo |
foreign banks
ⓘ
foreign financial institutions ⓘ |
| complianceRequirement |
implementation of internal sanctions controls
ⓘ
screening of foreign financial institution counterparties ⓘ |
| contains |
description of applicable sanctions measures
ⓘ
identifying information for foreign financial institutions ⓘ names of foreign financial institutions ⓘ |
| effectOnListedEntities |
loss of access to U.S. correspondent accounts
ⓘ
loss of access to payable-through accounts in the United States ⓘ restrictions on U.S. dollar transactions ⓘ |
| format | electronic list ⓘ |
| geographicScope | global ⓘ |
| governingBody | U.S. Department of the Treasury NERFINISHED ⓘ |
| hasAbbreviation | CAPTA List ⓘ |
| jurisdiction |
United States of America
ⓘ
surface form:
United States
|
| language | English ⓘ |
| legalBasis |
Global Magnitsky sanctions authorities
ⓘ
Iran-related sanctions authorities ⓘ North Korea-related sanctions authorities NERFINISHED ⓘ Russia-related sanctions authorities ⓘ U.S. sanctions laws and regulations ⓘ Venezuela-related sanctions authorities ⓘ |
| maintainedBy |
Office of Foreign Assets Control
NERFINISHED
ⓘ
U.S. Department of the Treasury NERFINISHED ⓘ |
| publishedOn | OFAC website NERFINISHED ⓘ |
| purpose |
to identify foreign financial institutions subject to correspondent account sanctions
ⓘ
to identify foreign financial institutions subject to payable-through account sanctions ⓘ to implement U.S. foreign policy and national security objectives ⓘ to restrict access of certain foreign financial institutions to the U.S. financial system ⓘ |
| regulatoryFunction | to inform U.S. financial institutions of prohibited or restricted relationships ⓘ |
| relatedTo |
Non-SDN Menu-Based Sanctions List
NERFINISHED
ⓘ
Sectoral Sanctions Identifications List NERFINISHED ⓘ Specially Designated Nationals and Blocked Persons List NERFINISHED ⓘ |
| riskCategory | sanctions risk ⓘ |
| sanctionsType |
U.S. dollar clearing restrictions
ⓘ
correspondent account restrictions ⓘ payable-through account restrictions ⓘ |
| sector | financial services ⓘ |
| updatedBy | Office of Foreign Assets Control NERFINISHED ⓘ |
| updateFrequency | periodically ⓘ |
| usedBy |
U.S. financial institutions
ⓘ
anti-money laundering professionals ⓘ global banks with U.S. operations ⓘ sanctions compliance officers ⓘ |
Referenced by (1)
Full triples — surface form annotated when it differs from this entity's canonical label.
Office of Foreign Assets Control
→
maintains
→
List of Foreign Financial Institutions Subject to Correspondent Account or Payable-Through Account Sanctions
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