Know Your Sanctions Lists - The CAPTA List
This is the tenth post in a series of twelve covering the lists that make up the U.S. Government's Consolidated Screening List. ECScreening includes access to the Consolidated Screening List as well as other sanctions lists and crucial value-adding features such as Recurring Searches, Search History, and Country Alerts.
The Correspondent Account or Payable-Through Account Sanctions (CAPTA) List is administered by the U.S. Department of the Treasury, Office of Foreign Assets Control (OFAC). It identifies foreign financial institutions subject to sanctions under various programs (“including the Ukraine Freedom Support Act of 2014, as amended by the Countering America's Adversaries Through Sanctions Act; the North Korea Sanctions Regulations, 31 C.F.R. part 510; the Iran Freedom and Counter-Proliferation Act of 2012; the Iranian Financial Sanctions Regulations, 31 C.F.R. Part 561; the Hizballah Financial Sanctions Regulations, 31 C.F.R. Part 566; and Executive Order 13846”).
Entities identified on the CAPTA List are subject to the sanctions described in their list entry. Generally, “U.S. financial institutions are prohibited from opening or maintaining a correspondent account or a payable-through account for the foreign financial institution(s)” on the CAPTA List.
As of May 12, 2020, the March 14, 2019 version of the CAPTA List is in effect. It identifies three banks, all in China and all aliases or former names of the same entity:
- BANK OF KUNLUN CO LTD
- KARAMAY CITY COMMERCIAL BANK CO LTD.
- KARAMAY URBAN CREDIT COOPERATIVES
The CAPTA List is not included within the Specially Designated Nationals (SDN) List and the lists do not currently overlap.
Before March 14, 2019, the CAPTA List was known as the Part 561 List in reference to the Iranian Financial Sanctions Regulations, 31 C.F.R. Part 561. It is also distinct from the U.S. Department of State’s similar-sounding CAATSA List.
Previous Posts in this Series:
Part 4: The Denied Person List (Commerce)
Part 5: Non Proliferation Sanctions
Part 7: The Foreign Sanctions Evaders List