Chileans Gain Access to Advanced Sanctions List Search Tool

Enhancing Transparency and Compliance in Chile

The US Department of the Treasury’s Office of Foreign Assets Control (OFAC) has made its advanced sanctions list search tool available to Chilean businesses and individuals. This move aims to improve transparency and compliance with international sanctions regulations.

What is OFAC’s Advanced Sanctions List Search Tool?

This sophisticated tool utilizes fuzzy logic on its name search field to identify potential matches against the Specially Designated Nationals (SDN) List and other related sanctions lists. The tool provides a comprehensive search experience, making it easier for users to find relevant information.

Key Features of OFAC’s Sanctions List Search Tool

• Comprehensive coverage: The tool encompasses six key databases:
  • Foreign Sanctions Evaders List
  • Sectoral Sanctions Identifications List
  • Non-SDN Palestinian Legislative Council List
  • List of Foreign Financial Institutions Subject to Correspondent Account or Payable-Through Account Sanctions
  • Non-SDN Menu-Based Sanctions List
  • Non-SDN Communist Chinese Military Companies List
• Advanced search functionality: Fuzzy logic is used on the name search field to identify potential matches

Access and Usage Guidelines

For more information on how this cutting-edge tool functions, its scoring mechanism, who can utilize it, and other related topics, OFAC provides a detailed frequently asked questions section.

Key Benefits for Chilean Businesses and Individuals

• Enhanced transparency and compliance with international sanctions regulations
• Improved access to relevant information and resources
• Increased confidence in business dealings and transactions