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Word of the day: entity

When OFAC refers to an “entity”, what do they mean?

Well, it’s not the same thing as “entity” from the dictionary… includes the following definition:

being or existence, especially when considered as distinct, independent or self-contained

Executive Order 13224, for example, makes it plain, from OFAC’s point of view:

the term “entity” means a partnership, association, corporation, or other organization, group, or subgroup

So, anything that appears on the SDN List that isn’t a person or cargo vessel is an entity.

Depending on who you are speaking to, you might run into one or the other usage.

Categories: General Information


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