Sanctions List for Individuals vs. Countries

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Question:

We have a customer who wants to wire money to Pakistan. I don't understand the sanctions list. If there is a list of entities shown, does that mean that we shouldn't send the wire? Is the sanctions list specifically for individuals or countries?

Answer:

If you check your customer's intended recipient and, in the case of a credit to an account in a Pakistani bank, check the bank itself, and find a match to an OFAC SDN List entry, you should not accept the wire before checking to make sure the match is valid. If it's valid you can't accept the wire.