Different restrictions
OFAC distinguishes asset blocking from other trade or financial prohibitions. A US programme does not automatically describe another country’s rules.
FinFly Explains / Economy
What economic sanctions restrict
Sanctions restrict particular transactions, assets, parties or sectors. A sanctions headline does not establish the applicable rules.
Read the act
Check the official measure, effective date, named parties and exceptions. Some programmes provide general or specific licences.
Before transacting
Confirm applicability with your bank and specialist counsel. This explainer does not authorise a particular transaction.
Method
Primary sources
The explainer is checked against these institutional and industry sources. Links open the original material.