Blocked Persons

Blocked persons are individuals or entities that appear on government or international sanctions lists and are prohibited from engaging in business transactions or activities. These lists are maintained by authorities such as the U.S. Treasury’s Office of Foreign Assets Control (OFAC) and the United Nations. Organizations must screen their clients and partners against these lists to avoid conducting business with blocked persons.

Complying with regulations regarding blocked persons is crucial for organizations to prevent legal action, financial penalties, and damage to their reputation.