Examples of OFAC in a sentence
To the best of Purchaser’s knowledge, none of its ultimate investors is on any list of “Specially Designated Nationals” or known or suspected terrorists that has been generated by the Office of Foreign Assets Control of the United States Department of Treasury (“OFAC”), nor is any such ultimate investor a citizen or resident of any country that is subject to embargo or trade sanctions enforced by OFAC.
Member agrees to comply with all applicable economic sanctions and export control laws and regulations of the United States, including but not limited to Office of Foreign Assets Control ("OFAC") sanctions regulations, as well as the Export Administration Regulations ("EAR") and the International Traffic in Arms Regulations ("ITAR") (collectively, "Trade Laws and Regulations").
Furthermore, Mountain prohibits the re-export, brokering or transshipment of its products or services to any individual, organization or country prohibited by the OFAC, BIS or DDTC.
For any Entity operating in the United States, Entity acknowledges and agrees that ARC and Entity are entities governed by the Laws of the United States and, as such, ARC cannot provide any products or services to Entity or its Cardholders that contravene the Laws of the United States, including but not limited to the Laws promulgated by OFAC or the United States Department of the Treasury or any successor thereto.
None of the money used to purchase the SAFE was derived from or related to any activity that is illegal under United States law, and you are not on any list of “Specially Designated Nationals” or known or suspected terrorists that has been generated by the Office of Foreign Assets Control of the United States Department of Treasury (“OFAC”), nor are you a citizen or resident of any country that is subject to embargo or trade sanctions enforced by OFAC.