March 28, 2014

New Item for Diligence Review Process: OFAC’s Foreign Sanctions Evaders List

In this Akin Gump blog, we learn that OFAC published notice that it was listing 11 named parties as “Foreign Sanctions Evaders,” underscoring the need for entities to add the FSE List to the collection of other restricted-party lists that must be covered and reviewed in diligence activities and other compliance screening. We’ll see if Russian entities start winding up on some of these restricted lists…