OSFI removed 5 individuals from its Consolidated List on Monday, based on their removal from the UN list on the previous Friday. All 5 are deceased or presumed deceased.
It’s important to note that, if any of these people are on the OFAC SDN List, they will generally not be delisted from the SDN List. This is because OFAC’s goal is to stop the flow of money, and assets may remain in these listed people’s names after death.
OSFI press release
UN press release
Categories: OSFI Updates UN Updates
Leave a Reply