FEATURE-U.S.OFFICE OF FORIGN CONTROL sanctions net snares thousands! mabie u to!

Author Topic: FEATURE-U.S.OFFICE OF FORIGN CONTROL sanctions net snares thousands! mabie u to!  (Read 1991 times)

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"I'm a citizen of the United States. I was raised in this country," said Zamora, who is 58 and immigrated from Cuba nearly half a century ago. "And I'm treated like a terrorist."

Yet there was nothing he could do to permanently clear his name, leaving him at risk of being tagged again.

Zamora's case is one of hundreds that have come up since businesses started regularly scanning the Office of Foreign Assets Control's (OFAC) list of blocked people and companies. The businesses are seeking to avoid fines that can reach $10 million per criminal violation.

OFAC sanctions drug traffickers, terrorists, Iranian banks and others under more than 30 different programs, freezing their assets and prohibiting U.S. firms from doing business with them. It relies on the private sector to ensure the sanctions work in practice.

The crackdown by U.S. authorities on money laundering in recent years has already ensured compliance by banks, but the growing importance of sanctions to U.S. foreign policy and the greater familiarity with sanctions has now roped in mortgage providers, apartment rental companies and even casinos as regulators broaden the definition of "financial institutions" that could be liable to penalties.

MANY ARE ON THIS LIST WITHOUT KNOWING!!  BEING REPORTED THROUGH BANKS BUSINESS CREDIT REPORTING COMPANIES....
https://sdnsearch.ofac.treas.gov/