Prohibited Individuals and Entities

Conducting Due Diligence
  • Obtain the full identity of the persons and entities with which you are dealing (including any parent entities or affiliates), identify the source of their funds, if any, and determine the use of any funding or support you will provide.  It is common and expected practice to make appropriate inquiries before participating in any significant transaction.
  • Request government-issued identification routinely when considering a transaction with someone who is otherwise unknown.  Copies of any documentation checked should be maintained, and the documentation should be verified as authentic if there is any doubt.
  • Consider local sources (newspapers and other media) for information about your partner’s activities and reputation.  If you have any reason to believe your partner is involved in activities that either do or could result in their being sanctioned, do not conduct any transactions with that party.

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