Concept

Sanctions Scope

Research / Sanctions

"Subject to sanctions means the following:\n\nA person located or normally resident in any country and/or region with respect to which the United States, the European Union, the United Kingdom or Switzerland maintains trade sanctions prohibiting the shipment or provision of services, goods, technology or software (a “Sanctioned Jurisdiction”);\n\nThe government of a Sanctioned Jurisdiction;\n\nA national of a Sanctioned Jurisdiction, wherever located;\n\nA person on the (A) Specially Designated Nationals and Blocked Persons List maintained by the U.S. Department of the Treasury’s Office of Foreign Assets Control, (B) Foreign Sanctions Evaders List maintained by the U.S. Department of the Treasury’s Office of Foreign Assets Control, (C) U.S. Department of Commerce’s Denied Persons List, (D) U.S. Department of Commerce’s Entity List, or (E) lists of specifically designated nationals (or equivalent) maintained by the United Nations, European Union, United Kingdom or Switzerland;\n\nA person providing financing or otherwise dealing in prohibited new equity or new debt of entities listed on the Sectoral Sanctions Identifications List maintained by the U.S. Department of the Treasury’s Office of Foreign Assets Control or government authorities in European Union, United Kingdom or Switzerland; or\n\nA person acting with any purpose that would be prohibited under the laws of the United States, the European Union, the United Kingdom or Switzerland, including, without limitation, nuclear, chemical or biological weapons proliferation,\n\nIn each case, only if and to the extent that it does not result in a violation of any anti-boycott or blocking law, regulation or statute that is in force from time to time in the European Union (and/or any of its member states) that is applicable to such entity (including, without limitation, EU Regulation (EC) 2271/96 and Section 7 of the German Foreign Trade Regulation (Außenwirtschaftsverordnung)."

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Sanctions Scope | Research | Bifalgorithm | Bifalgorithm