Appearing on a Sanction List and Identifying an Individual with Foreign Holdings or Connections (April 13, 2011)
By Gayle Lynn-Nelson
How can I be sure an individual or business I might enter into a business relationship with does not appear on a sanction list? And if I need to identify an individual with foreign holdings or connections can this be done through lexis.com?
The OFAC and Global Sanctions List source will include only individuals and businesses that appear on the OFAC (Office of Foreign Asset Control) and various global sanctions lists. The sanctions lists are issued by various entities and contain businesses or individuals that have been sanctioned or are "enemies of the state," as is the case with the OFAC. The Politically Exposed Persons and Foreign Agents Registrations source will contain a list of individuals with foreign affiliations. This is where you will go to identify individuals with foreign holdings or connections. This file contains information on politically exposed persons who are senior foreign officials, foreign agents who have registered with the Department of Justice stating they have business interests or investments overseas and are registering that they are in compliance with applicable laws.
