Sanctioned Person definition: Copy, customize, and use instantly
Introduction
The term "Sanctioned Person" refers to an individual, organization, or entity that is subject to sanctions imposed by a government or international body. These sanctions can include restrictions on financial transactions, trade, or other forms of business activity. Identifying and understanding the status of a "Sanctioned Person" is essential to ensure compliance with relevant laws and regulations, particularly in the context of international trade, investment, and finance.
Below are various examples of how "Sanctioned Person" can be defined in different contexts. Copy the one that fits your needs, customize it, and use it in your contract.
Definition of "Sanctioned Person" in international trade compliance
This definition connects "Sanctioned Person" to global trade restrictions.
"Sanctioned Person" means any individual or entity designated by a governmental authority as subject to trade, economic, or financial sanctions, including those listed by the U.S. Office of Foreign Assets Control (OFAC).
Definition of "Sanctioned Person" in financial services regulations
This definition ties "Sanctioned Person" to banking and investment compliance.
"Sanctioned Person" refers to any person or entity restricted by international or domestic sanctions, prohibiting financial institutions from providing services to them.
Definition of "Sanctioned Person" in corporate governance policies
This definition applies "Sanctioned Person" to internal compliance frameworks.
"Sanctioned Person" means any individual or entity identified by a company’s compliance department as being restricted under applicable trade or financial sanction laws.
Definition of "Sanctioned Person" in contractual agreements
This definition links "Sanctioned Person" to legally binding contracts.
"Sanctioned Person" refers to any party to an agreement who is or becomes subject to trade restrictions imposed by a governmental or regulatory body.
Definition of "Sanctioned Person" in cross-border transactions
This definition ties "Sanctioned Person" to international business dealings.
"Sanctioned Person" means any individual, entity, or government subject to economic restrictions that prevent participation in cross-border commercial transactions.
Definition of "Sanctioned Person" in anti-money laundering (AML) compliance
This definition applies "Sanctioned Person" to financial crime prevention.
"Sanctioned Person" refers to any person or entity listed on sanctions lists maintained by international organizations or government authorities to prevent money laundering and terrorism financing.
Definition of "Sanctioned Person" in supply chain management
This definition connects "Sanctioned Person" to vendor due diligence.
"Sanctioned Person" means any supplier, contractor, or third-party entity that is prohibited from engaging in business activities due to applicable sanction laws.
Definition of "Sanctioned Person" in government contracting
This definition ties "Sanctioned Person" to public procurement regulations.
"Sanctioned Person" refers to any individual or organization barred from participating in government contracts due to national security or sanction restrictions.
Definition of "Sanctioned Person" in real estate transactions
This definition applies "Sanctioned Person" to property dealings.
"Sanctioned Person" means any individual or entity subject to sanctions that restrict property purchases, leasing, or financing within regulated jurisdictions.
Definition of "Sanctioned Person" in cryptocurrency compliance
This definition links "Sanctioned Person" to digital asset regulations.
"Sanctioned Person" refers to any person or entity prohibited from accessing cryptocurrency exchanges or blockchain-based financial services due to imposed sanctions.
Definition of "Sanctioned Person" in mergers and acquisitions (M&A)
This definition connects "Sanctioned Person" to corporate takeovers.
"Sanctioned Person" means any potential acquirer, seller, or business entity involved in an M&A transaction that is restricted due to sanctions imposed by a regulatory authority.
Definition of "Sanctioned Person" in aviation and shipping regulations
This definition ties "Sanctioned Person" to transportation compliance.
"Sanctioned Person" refers to any aircraft or vessel owner, operator, or lessee restricted under international or national sanction laws.
Definition of "Sanctioned Person" in insurance policies
This definition applies "Sanctioned Person" to underwriting and coverage restrictions.
"Sanctioned Person" means any insured individual or policyholder whose coverage is voided due to being designated under applicable sanctions programs.
Definition of "Sanctioned Person" in employment and labor law
This definition links "Sanctioned Person" to hiring and workforce compliance.
"Sanctioned Person" refers to any employee, contractor, or business partner prohibited from working within a jurisdiction due to legal sanction restrictions.
Definition of "Sanctioned Person" in investment fund compliance
This definition connects "Sanctioned Person" to investor screening.
"Sanctioned Person" means any individual or entity restricted from investing in funds, securities, or financial instruments due to regulatory sanctions.
Definition of "Sanctioned Person" in trade finance
This definition ties "Sanctioned Person" to import and export restrictions.
"Sanctioned Person" means any individual or entity subject to trade embargos or restrictions, preventing them from engaging in international trade finance activities.
Definition of "Sanctioned Person" in international banking
This definition connects "Sanctioned Person" to financial institutions.
"Sanctioned Person" refers to any customer, account holder, or financial institution designated by a regulatory authority as subject to sanctions prohibiting financial transactions.
Definition of "Sanctioned Person" in debt markets
This definition applies "Sanctioned Person" to bond issuances and credit markets.
"Sanctioned Person" means any issuer, borrower, or investor prohibited from participating in debt financing due to applicable sanctions.
Definition of "Sanctioned Person" in securities trading
This definition links "Sanctioned Person" to stock market restrictions.
"Sanctioned Person" refers to any trader, brokerage firm, or investment entity restricted from securities trading due to regulatory sanctions.
Definition of "Sanctioned Person" in venture capital and private equity
This definition connects "Sanctioned Person" to startup and investment funding.
"Sanctioned Person" means any investor, fund, or business entity prohibited from receiving or providing venture capital or private equity funding due to sanctions.
Definition of "Sanctioned Person" in intellectual property transactions
This definition ties "Sanctioned Person" to patent and trademark licensing.
"Sanctioned Person" refers to any party restricted from acquiring, licensing, or transferring intellectual property due to legal or regulatory sanctions.
Definition of "Sanctioned Person" in foreign direct investment (FDI)
This definition applies "Sanctioned Person" to cross-border business investments.
"Sanctioned Person" means any foreign entity or individual prohibited from making direct investments in a country due to international sanctions.
Definition of "Sanctioned Person" in joint ventures and partnerships
This definition links "Sanctioned Person" to business collaborations.
"Sanctioned Person" refers to any prospective or existing joint venture partner restricted from participating due to applicable sanction laws.
Definition of "Sanctioned Person" in corporate supply chains
This definition connects "Sanctioned Person" to procurement and logistics.
"Sanctioned Person" means any supplier, manufacturer, or distributor subject to trade restrictions that prohibit engagement in commercial supply chain activities.
Definition of "Sanctioned Person" in nonprofit and humanitarian aid compliance
This definition ties "Sanctioned Person" to charitable organizations.
"Sanctioned Person" refers to any individual or organization restricted from receiving or distributing humanitarian aid due to international sanctions.
Definition of "Sanctioned Person" in legal services and compliance consulting
This definition applies "Sanctioned Person" to professional advisory services.
"Sanctioned Person" means any client or business entity to whom legal or compliance services cannot be provided due to sanctions-related restrictions.
Definition of "Sanctioned Person" in gaming and online gambling regulations
This definition links "Sanctioned Person" to the gambling industry.
"Sanctioned Person" refers to any individual or entity prohibited from engaging in online or physical gaming activities due to applicable sanction laws.
Definition of "Sanctioned Person" in telecommunications and digital services
This definition connects "Sanctioned Person" to technology restrictions.
"Sanctioned Person" means any individual or organization barred from accessing telecommunications networks, software, or digital platforms due to imposed sanctions.
Definition of "Sanctioned Person" in consumer banking and credit services
This definition ties "Sanctioned Person" to retail financial products.
"Sanctioned Person" refers to any individual or entity restricted from obtaining banking, lending, or credit services due to financial sanctions.
Definition of "Sanctioned Person" in corporate restructuring and bankruptcy
This definition applies "Sanctioned Person" to insolvency proceedings.
"Sanctioned Person" means any creditor, debtor, or stakeholder subject to restrictions that prevent participation in restructuring or bankruptcy settlements.
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.