A. Foreign nationals who are residing in the EU are not required to follow EU sanctions.

B. EU sanctions have extraterritorial implications; thus, all countries are required to comply with EU sanctions.

C. EU sanctions compliance has a broader scope than US sanctions compliance.

D. All EU nationals, persons residing in the EU, or persons conducting business in the EU are required to comply with EU sanctions.

E. EU sanctions are applicable within the territory of the EU, including its airspace.

A. Privately held companies conducting international wire transfers through institutions distinct from company registration

B. Established accounts that send or receive funds from non-sanctioned institutions or institutions active on SWIFT

C. Publicly traded corporate vehicles

D. New accounts that are experiencing a sudden rise in value being transferred to the institution from higher risk countries without clear business rationale

E. Regulated entities with a clear web presence with a verifiable business background

A. Digital currency provider

B. Pharmacy

C. Retail company

D. Aircraft maintenance company

A. apply to OFAC for a specific license to clarify the conditions.

B. issue a suspicious activity report.

C. be sure the transaction is within the scope of the general license.

D. be sure other conditions comply with relevant sanctions.

E. be sure the transaction is only related to agriculture and medicine.

A. A company must assess sanctions risks during the due diligence phase of a merger and acquisition.

B. Parties involved in import or export and related transactions could be subject to financial sanctions.

C. The individual or entity is not explicitly named on a sanctions list, therefore there are no potential sanctions risk.

D. A US citizen has been working in the EU and thus, US sanctions do not apply.

E. An individual sending a USD wire that automatically involves the US sanctions.

A. to a company incorporated under the law of a non-EU country, that is 45% owned by a national of an EU Member State.

B. to a company outside the territory of the EU, which is incorporated or constituted under the law of an EU Member State.

C. on a vessel under the jurisdiction of an EU Member State.

D. within a non-EU country which is part of the Customs Union agreement with the EU.

E. within a non-EU country, which has a double taxation convention with all EU Member States.