Office of Foreign Assets Control (OFAC) Compliance Policy
(Updated - 15th Sep 2020)
The Office of Foreign Assets Control (OFAC) is an agency under the U.S. Dept of Treasury. OFAC requirements are in accordance with federal law pertaining to economic and trade sanctions against certain targeted foreign countries, regimes, terrorist organizations, international narcotics traffickers and other threats to the national security, foreign policy or economy of the United States.
LBL Corporation complies with The Office of Foreign Asset Control ("OFAC") Policy and is unable to provide services to individuals who live in countries subject to certain sanctions. If you reside in Cuba, North Korea, or the Crimea region of Ukraine, LBL Corporation cannot conduct business with you.
LBL Corporation also cannot do business with individuals or with employees of employers listed on the Specially Designated Nationals ("SDNs") list, regardless of their location. If you attempt to register for any of our online learning course or package despite U.S. sanctions that prohibit LBL Corporation from doing business with you, we are legally required to cancel your registration and we cannot refund your payment. See the OFAC website ( https://home.treasury.gov/policy-issues/office-of-foreign-assets-control-sanctions-programs-and-information ) for details and updates on current sanctions programs.
Wires to OFAC prohibited countries will be automatically disallowed by our banks. A record of all international wire transfers will be maintained as a permanent record in the Finance Department. Information included in these records:
- Beneficiary Bank
- SWIFT code or IBAN
- Beneficiary Bank Address
- Beneficiary name
- Beneficiary address
- Purpose of payment
- Correspondent Bank (if any)
- Amount of Wire Currency
- If you have any question, contact us ( email@example.com )