The Office of Foreign Assets Control ("OFAC") is part of the Terrorism and Financial Intelligence Unit of the U.S. Department of Treasury. OFAC implements economic sanctions against countries, entities, and individuals determined by the President or Congress to be threats to the national security of the United States. OFAC prohibits "U.S. persons" (includes organizations) from, in general, dealing in any way with property in which these named individuals or groups have any interest, direct or indirect. The sanctions can be either comprehensive or selective, using the blocking of assets and trade restrictions to accomplish foreign policy and national security goals.
There are various lists published by OFAC of individuals and companies owned or controlled by, or acting for or on behalf of, targeted countries including the Specially Designated Nationals List ("SDN List") and the Foreign Sanctions Evaders List (“FSE List”). The lists also include individuals, groups, and entities such as terrorists and narcotics traffickers designated under programs that are not country-specific and those individuals and groups that violated, attempted to violate, conspired to violate or caused to be violated U.S. sanctions against Syria or Iran. U.S. persons and entities are generally prohibited from dealing with individuals and companies on these lists wherever they are located and all their assets must be blocked.
FNF prohibits employees from doing business of any kind with targeted governments and organizations, as well as individuals, groups and entities identified on the various OFAC Lists.
PLEASE BE SURE TO SEARCH EACH LIST (SDN & Consolidated):
Search for names on the Specially Designated Nationals List ("SDN List")
Search for names on the Consolidated (Non SDN) List