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Financial sanctions may be imposed on physical or legal entities charged with alleged enforcing sanctions prohibiting an organisation from carrying out transactions with listed individuals or other organisations. The sanctions can be either comprehensive or selective, using the blocking of assets and trade restrictions to accomplish foreign policy and national security goals, whereas it is applicable to all transactions with no minimum financial liability.

Ridge Allied Co., induce themselves widely to financial sanctions area, with specialised employed officers, being specifically and duly engaged with U.S.A financial sanctions, which are being administered by the Treasury Department’s Office of Foreign Assets Control (OFAC). Our Company deals also with submitting applications for SDN-List removals and federal sanctions-related investigations. It is evident that for most of individuals and legal entities, the result of being identified as an SDN listed person, is severe and devasting especially to those people who are engaging in international trade or have financial ties with international entities or banks. Thus, individuals and legal entities are having the risk to lose their access to their personal or business properties and funds, as banks reaction may block or close their accounts and freeze what they have in their possession.

There are nevertheless, several defensing-arguments that a listed person can be able to appeal an OFAC decision by raising some points which might have been wrongly placed in SDN List. This will increase the chances of being removed from the SDN List. The procedure may not be however so easy a process-handling, due to the fact that OFAC’S response to the petition for removal from SDN List, can possibly be taking up to several months. It is also accustomed that OFAC may respond to the listed person by providing a follow up questionnaire but this can only be attained after satisfactory information received by OFAC’s Administrative Office and after evaluation of the accompanying documentation and evidence provided, which underly the reasons of SDN List placement.

If you have already been served with an OFAC administrative placement or you are subject to an investigation or enforcement action, you may be in need of seeking assistance from experienced and qualified consultant who can be able of handling your case and correspond to OFAC on your behalf.

We, Ridge Allied Corporation Ltd hereby acknowledge, the importance in handling such cases concerning OFAC’s administrative-petition applications and affirm readiness to offer their reasoned credibility and confidence widely matched with professional and experience emanated through long involvement in managing international sanctions. We may further extend our services to enlist request from OFAC Administrative Record in order to be able to obtain the evidentiary memorandum and the attached exhibits that allowed OFAC to place you on the SDN List.