Blocked Person definition: copy, customize, and use instantly
Introduction
The term "Blocked Person" refers to an individual, entity, or group that is subject to restrictions under various laws, such as sanctions or export control regulations. It is crucial for ensuring compliance with legal restrictions and preventing transactions or relationships with individuals or entities that could pose legal or financial risks.
Below are various examples of how "Blocked Person" can be defined in different contexts. Copy the one that fits your needs, customize it, and use it in your contract.
Definition of "Blocked Person" as a sanctioned entity
This definition ties "Blocked Person" to entities that are prohibited from engaging in specific transactions due to government sanctions.
"Blocked Person" means any individual, entity, or group that is listed on any sanctions list issued by the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) or any other relevant government authority.
Definition of "Blocked Person" as a restricted entity
This definition connects "Blocked Person" to entities that are restricted from participating in specific transactions under legal regulations.
"Blocked Person" refers to any person or entity that is subject to restrictions under applicable law, including but not limited to entities controlled by a government or sanctioned by the UN, EU, or other national authorities.
Definition of "Blocked Person" as a party under investigation
This definition links "Blocked Person" to individuals or entities that are under investigation for violating applicable sanctions.
"Blocked Person" means any individual or entity that is under investigation by any governmental authority for violating economic or trade sanctions imposed by a relevant jurisdiction.
Definition of "Blocked Person" as a high-risk individual
This definition applies "Blocked Person" to individuals who pose a high risk of being involved in illicit financial activities.
"Blocked Person" refers to any individual, entity, or group identified as a high-risk person by government authorities due to their involvement in activities such as terrorism, money laundering, or organized crime.
Definition of "Blocked Person" in accordance with local law
This definition connects "Blocked Person" to individuals or entities blocked under local or international law.
"Blocked Person" refers to any individual, corporation, or other entity that is blocked or restricted from entering into business dealings according to the laws and regulations of the applicable jurisdiction.
Definition of "Blocked Person" as an individual on a watchlist
This definition links "Blocked Person" to individuals who appear on government watchlists due to concerns about potential risks.
"Blocked Person" means any individual or entity that appears on official watchlists published by government agencies, such as the U.S. Department of State’s Terrorist Designations List.
Definition of "Blocked Person" for export control compliance
This definition ties "Blocked Person" to entities that are restricted from receiving exports due to compliance with export control laws.
"Blocked Person" refers to any individual or entity that is subject to an export control prohibition under U.S. Export Administration Regulations or similar export control laws in other jurisdictions.
Definition of "Blocked Person" as a subject of legal action
This definition connects "Blocked Person" to parties involved in ongoing legal disputes, leading to restrictions on their dealings.
"Blocked Person" means any person, group, or entity against whom legal actions or sanctions have been imposed by a government or international body, preventing their involvement in certain business activities.
Definition of "Blocked Person" in business transaction context
This definition links "Blocked Person" to those prohibited from entering into business transactions.
"Blocked Person" refers to any person or entity that is prohibited from engaging in transactions or business dealings under applicable law due to their status in a sanctions list or other restrictions.
Definition of "Blocked Person" as a sanctioned financial institution
This definition applies "Blocked Person" to financial institutions that are restricted from operating due to sanctions.
"Blocked Person" refers to any financial institution that is subject to restrictions or prohibitions under U.S. or international sanctions programs, including being blocked from operating in the financial sector.
Definition of "Blocked Person" for risk management purposes
This definition ties "Blocked Person" to entities that are categorized as high risk for business dealings.
"Blocked Person" means any individual or entity that poses a high risk to the business in terms of legal exposure, financial integrity, or reputational harm due to sanctions or other prohibitive actions.
Definition of "Blocked Person" in financial transactions
This definition connects "Blocked Person" to individuals or entities prohibited from receiving financial support due to legal sanctions.
"Blocked Person" refers to any individual or entity that is prohibited from receiving financial transactions, including investments, transfers, or loans, under applicable sanctions or financial regulations.
Definition of "Blocked Person" as a result of legal sanctions
This definition links "Blocked Person" to parties subject to legal sanctions from any authority.
"Blocked Person" refers to any individual, group, or entity that has been targeted by sanctions or restrictions imposed by governmental or international bodies, rendering them ineligible for business engagements.
Definition of "Blocked Person" as a political entity
This definition connects "Blocked Person" to political entities or individuals involved in prohibited activities.
"Blocked Person" means any political entity, official, or individual subject to restrictions due to their role in international conflicts, corruption, or other politically sensitive matters.
Definition of "Blocked Person" as a financially restricted entity
This definition links "Blocked Person" to entities restricted from financial activities due to sanctions.
"Blocked Person" refers to any individual, company, or financial institution that is restricted from conducting financial transactions as a result of being on a sanctions list.
Definition of "Blocked Person" in mergers and acquisitions
This definition connects "Blocked Person" to entities that cannot participate in mergers or acquisitions.
"Blocked Person" refers to any person or entity whose participation in mergers, acquisitions, or other corporate actions is prohibited due to sanctions or restrictions.
Definition of "Blocked Person" in commercial contracts
This definition applies "Blocked Person" to contractual situations where a party is barred from involvement.
"Blocked Person" means any individual, entity, or party in a commercial contract that is prohibited from fulfilling contractual obligations due to restrictions imposed by relevant authorities.
Definition of "Blocked Person" as a sanctioned bank
This definition connects "Blocked Person" to financial institutions that are sanctioned.
"Blocked Person" refers to any financial institution that has been sanctioned or restricted by governmental authorities, preventing it from conducting financial transactions.
Definition of "Blocked Person" as an entity with ownership restrictions
This definition links "Blocked Person" to entities whose ownership is limited under sanctions laws.
"Blocked Person" means any entity or individual whose ownership or control over assets is prohibited under applicable laws or sanctions programs.
Definition of "Blocked Person" in terms of foreign investment
This definition applies "Blocked Person" to individuals or entities restricted from foreign investment activities.
"Blocked Person" refers to any individual or entity that is prohibited from receiving foreign investments due to being on a sanctions list or other governmental restrictions.
Definition of "Blocked Person" for exporters
This definition ties "Blocked Person" to parties blocked from receiving exports under legal restrictions.
"Blocked Person" means any person or entity that is prohibited from receiving exports or transacting with exporters due to sanctions or restrictions from relevant authorities.
Definition of "Blocked Person" in corporate compliance
This definition connects "Blocked Person" to individuals or entities that fail to comply with relevant laws.
"Blocked Person" refers to any individual, company, or other entity that is non-compliant with the legal requirements and is thus prohibited from conducting business under any relevant law.
Definition of "Blocked Person" as a result of terrorist designation
This definition applies "Blocked Person" to individuals or entities designated as terrorists under legal regulations.
"Blocked Person" refers to any individual, entity, or organization that has been designated as a terrorist or terrorist organization under applicable national or international laws and is subject to corresponding sanctions.
Definition of "Blocked Person" as a government entity
This definition ties "Blocked Person" to government entities or representatives under sanctions.
"Blocked Person" means any government or governmental agency that is subject to sanctions or restrictions imposed by international bodies or national authorities.
Definition of "Blocked Person" for corporate governance
This definition connects "Blocked Person" to individuals or entities that pose a governance risk due to their sanctions status.
"Blocked Person" means any person or entity who, due to their sanction status, is prohibited from engaging in corporate governance activities, such as serving as a director, officer, or shareholder in a regulated company.
Definition of "Blocked Person" as a subject of export bans
This definition links "Blocked Person" to entities under export restrictions.
"Blocked Person" refers to any entity, individual, or organization that is prohibited from receiving exports under any export ban imposed by an authority, including the U.S. Department of Commerce.
Definition of "Blocked Person" as a target of legal sanctions
This definition applies "Blocked Person" to parties subject to legal sanctions from any authority.
"Blocked Person" refers to any individual, group, or entity that has been targeted by sanctions or restrictions imposed by governmental or international bodies, rendering them ineligible for business engagements.
Definition of "Blocked Person" as a designated entity
This definition connects "Blocked Person" to entities that have been officially designated by authorities due to certain activities.
"Blocked Person" refers to any individual, group, or entity that has been officially designated as a prohibited party by an authority, such as the U.S. Department of State or OFAC.
Definition of "Blocked Person" for sanctions enforcement
This definition ties "Blocked Person" to those subject to enforcement under sanctions programs.
"Blocked Person" means any individual or entity that is subject to enforcement measures under national or international sanctions programs, including being restricted from conducting business or financial activities.
Definition of "Blocked Person" under anti-money laundering regulations
This definition connects "Blocked Person" to those who are restricted due to anti-money laundering laws.
"Blocked Person" refers to any individual or entity identified as a risk for money laundering or terrorism financing, making them subject to prohibitions under applicable anti-money laundering regulations.
Definition of "Blocked Person" in relation to asset freeze
This definition links "Blocked Person" to those whose assets have been frozen due to sanctions.
"Blocked Person" means any individual or entity whose assets have been frozen or restricted in accordance with government sanctions or asset control measures.
Definition of "Blocked Person" as a subject of international trade restrictions
This definition applies "Blocked Person" to parties affected by international trade restrictions.
"Blocked Person" refers to any individual, company, or other entity that is subject to restrictions or prohibitions under international trade agreements, such as import or export bans.
Definition of "Blocked Person" as a prohibited party under foreign policy
This definition connects "Blocked Person" to those prohibited due to foreign policy decisions.
"Blocked Person" means any individual or entity that is prohibited from participating in certain activities or transactions due to foreign policy decisions made by a government or international body.
Definition of "Blocked Person" under United Nations sanctions
This definition ties "Blocked Person" to individuals or entities under United Nations sanctions.
"Blocked Person" refers to any individual, group, or entity that is subject to sanctions or restrictions imposed by the United Nations Security Council, including asset freezes and travel bans.
Definition of "Blocked Person" as a prohibited individual under domestic laws
This definition connects "Blocked Person" to individuals prohibited under domestic laws due to their involvement in prohibited activities.
"Blocked Person" means any person or entity that is prohibited from entering into business relationships or financial transactions under domestic laws due to their involvement in criminal or sanctioned activities.
Definition of "Blocked Person" as a non-compliant entity
This definition links "Blocked Person" to entities that are non-compliant with regulatory frameworks.
"Blocked Person" refers to any entity that is found to be non-compliant with national or international regulatory frameworks, resulting in their blockage from certain business activities.
Definition of "Blocked Person" for compliance with international regulations
This definition applies "Blocked Person" to those whose actions do not comply with international regulatory standards.
"Blocked Person" means any individual or entity that does not comply with international regulations, such as international sanctions, export controls, or anti-money laundering laws, making them subject to restrictions.
This article contains general legal information and does not contain legal advice. Cobrief is not a law firm or a substitute for an attorney or law firm. The law is complex and changes often. For legal advice, please ask a lawyer.