FAQ

How does freezing a crypto wallet differ from freezing a bank account? What happens to frozen assets if the owner dies? Can you use a frozen account to pay a lawyer or cover living expenses? Do frozen accounts accrue interest while blocked? What’s the difference between “blocked,” “frozen,” and “seized” (confiscated) property? How does the EU/UK sanctioned-countries list differ from the OFAC list? What if cargo only transits through a sanctioned country without being delivered there? Do sanctions against a country apply to its dual nationals or US residents? Can a US citizen visit a comprehensively sanctioned country as a tourist? What general licenses currently authorize travel or remittances to Cuba, Iran, and Russia? What Services and Transactions Are Subject to OFAC Regulations? What Is OFAC (Office of Foreign Assets Control)? What are the fines and consequences for violating OFAC sanctions? What restrictions does OFAC impose on individuals and legal entities? How to obtain a copy of the SDN list from OFAC? What is the SDN (Specially Designated Nationals) list? Do all OFAC programs automatically block transactions? What is an OFAC license and what is it needed for? How to apply for an OFAC license to unblock your funds? How do I find out if I am on the OFAC list? What does OFAC check stand for? What are the three types of OFAC sanctions? OFAC Sanctions Programs Explained: Comprehensive vs. Targeted What if the match is not against an OFAC list? What is the OFAC law? How long does it take to be removed from the SDN list? What is a blocked asset? Does OFAC check require SSN? Who is considered a US person under OFAC? What is the OFAC alert on my credit card? What is OFAC blocking? Is the OFAC SDN list public?