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USA Patriot Act Searches

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The USA PATRIOT Act is an Act of Congress signed into law on October 26, 2001. With its ten-letter abbreviation (USA PATRIOT) expanded; the Act’s full title is “Uniting and Strengthening America by Providing Appropriate Tools Required to intercept and Obstruct Terrorism Act of 2001”.

The Act improves our Counter-Terrorism efforts in several significant ways:

  • The Patriot Act allows investigators to use the tools that were already available to investigate organized crime and drug trafficking.
  • The Patriot Act facilitated information sharing and cooperation among government agencies so that they can better “connect the dots.”
  • The Patriot Act updated the law to reflect new technologies and new threats.
  • The Patriot Act increased the penalties for those who commit terrorist crimes.

United Corporate Services can perform Patriot Act searches also known as an OFAC searches on your behalf. OFAC publishes a list of individuals and companies owned or controlled by, or acting for or on behalf of, targeted countries. It also lists individuals, groups, and entities, such as terrorists and narcotics traffickers designated under programs that are not country-specific. Collectively, such individuals and companies are called “Specially Designated Nationals” or “SDNs.” Their assets are blocked and U.S. persons are generally prohibited from dealing with them.

United Corporate Services reviews the following lists maintained by the Office of Foreign Assets Control and the U.S. Department of the Treasury:

  • Specially Designated Nationals and Blocked Persons
  • Foreign Sanctions Evaders
  • Person Identified as Blocked solely pursuant to E.O. 13599
  • The Non-SDN Palestinian Legislative Council List
  • The Non-SDN Iran Sanctions Act list
  • Part 561 list
  • The Sectoral Sanctions Identifications list

Once we have completed the search, we will provide you with a detailed report of our findings.

When you are ready to conduct a Patriot Act search contact us at info@unitedcorporate.com or speak with your CSR for more information.

FAQ

QuestionWhat is the OFAC watch list?

Answer

OFAC publishes lists of individuals and companies owned or controlled by, or acting for or on behalf of, targeted countries. It also lists individuals, groups, and entities, such as terrorists and narcotics traffickers designated under programs that are not country-specific. OFAC updates its website on a regular basis.

QuestionWhat is OFAC alert?

Answer

When the OFAC service is requested and a consumer’s name matches an entry on the Specially Designated Nationals (SDN) list, an OFAC Name Screen alert is returned. The user is advised to perform due diligence and verify whether the consumer is the individual on the U.S. Treasury’s list.

QuestionWho must comply with OFAC?

Answer

All U.S. persons must comply with OFAC regulations, including all U.S. citizens and permanent resident aliens regardless of where they are located, all persons and entities within the United States, all U.S incorporated entities and their foreign branches.

QuestionAre foreign sanctions evaders on SDN list?

Answer

Collectively, such individuals and companies are called “Foreign Sanctions Evaders” or “FSEs.” Transactions by U.S. persons or within the United States involving FSEs are prohibited. The FSE List is not part of the Specially Designated Nationals (SDN)