The 50% rule prohibits or restricts transacting with entities not included on OFAC’s Specially Designated Nationals and Blocked Persons (“SDN list”) list, but majority owned by designated parties (so-called sanctioned-by-law parties). It impacts virtually all industries and jurisdictions.
No established standards or best practices exist to assist firms in setting policies and procedures for identifying and screening unlisted entities. Yet recent enforcement actions demonstrate that firms wit...
- Export Compliance Manager Tackles the issues and challenges that keep trade compliance professionals awake at night... with insight and with solutions.
- Export Compliance Manager Shares the know-how of experienced professionals, keeping its readers on top of developing best practice in trade compliance AND helping to deliver real commercial advantage.
- Export Compliance Manager Celebrates the valuable contribution of trade compliance professionals to their companies, communities and to international security.