Sanctions Lists and Resources

Sanctions Lists and Resources

EU Sanctions Files 🇪🇺
Sanctions applicable in the European jurisdiction.
 HM Treasury Sanctions List 🇬🇧
The UK consolidated list of financial sanctions.
 OFAC Sanctions List 🇺🇸
Specially Designated Nationals and Blocked Persons list (SDN List) and all other sanctions lists administered by OFAC.
 UN SC Sanctions List 🇺🇳
The United Nations Security Council sanctions list applies to all UN Nation states.
 A Guide to Sanctions Screening
A Guide to Sanctions Screening and Sanctions Lists

According to Money Laundering and Terrorist Financing Prevention Act (MLTFPA), an AML-obliged entity (this also applies to financial market participants), before initiating any business transaction, should effectively identify whether a counterparty is subject to sanctions, or is represented by politically exposed person (PEP) or a person subject to international sanctions or a person whose place of residence or seat is in a high-risk third country. In addition, counterparties not included to sanctions list but have a relationship with a sanctioned entity may pose a risk.

This “Sanctions” section contains the resources on preventive measures often taken by governments and international organisations to change behaviour, prohibit illegal activities, and stop undesirable actions by certain high-risk individuals or groups.

The multiple sanctioning bodies, including sovereign states, regional associations, and international organisations such as UN, each publish their own sanctions, which are not always consistent.

LEIpapa recommends to review official sanctions lists every single time before initiating any business transaction with the new counterparty, and develop a habit for ongoing checking of existing counterparties for possible presence in the official sanctions lists in the relevant jurisdiction.
Last updated on