Additional, OFAC sanctions solely replicate the US sanctions packages. Many different international locations even have related sanctions packages in place, together with the European Union, United Kingdom, Japan, Australia, Switzerland, China, and lots of extra. OFAC-sanctioned international locations embrace comprehensively sanctioned international locations comparable to Russia, Iran, Cuba, and North Korea and different international locations topic to OFAC sanctions together with Iraq, Lebanon, Venezuela, and Nicaragua.
OFAC publishes an inventory of Particularly Designated Nationals (SDNs) and supplies a OFAC SDN listing search device. Utilizing the search device, a consumer can examine if a corporation is on the OFAC SDN Record. Some sanctions apply to whole international locations (e.g. Iran), areas (e.g., the Crimea area of Ukraine), or governments (e.g., the federal government of Venezuela), and people international locations, areas, and governments aren’t on the SDN Record. The OFAC SDN listing and search device are additionally not exhaustive and any evaluation can’t solely depend on this listing, the muse mentioned.
The inspiration confused its dedication to open supply and world collaboration and doing so responsibly whereas complying with legal guidelines and laws the place the muse and group members function. “It’s disappointing that the open supply group can’t function independently of worldwide sanctions packages, however these sanctions are the regulation of every nation and aren’t elective,” the muse mentioned.
