The do-not-do business with list….



I found an interesting link through The Sunbeltblog on the “do not do business with” list… I don’t think this is a NEW thing really, for years there have been government policies against doing business with certain individuals, etc… but…. anyway Bruce Schneier has done an article on it which gives some interesting points that you probably aren’t aware of.


Let me clip a bit from his site….

The so-called “Bad Guy List” is hardly a secret. The U.S. Treasury’s Office of Foreign Assets Control maintains its “Specially Designated Nationals and Blocked Persons List” to be easily accessible on its public Web site.
Wanna see it? Sure you do. Just key OFAC into your Web browser, and you’ll find the 224-page document of the names of individuals, organizations, corporations and Web sites the feds suspect of terrorist or criminal activities and associations.
You might think Osama bin Laden should be at the top of The List, but it’s alphabetized, so Public Enemy No. 1 is on Page 59 with a string of akas and spelling derivations filling most of the first column. If you’re the brother, daughter, son or sister-in-law of Yugoslavian ex-president Slobodan Milosevic (who died in custody recently), you’re named, too, so probably forget about picking up that lovely new Humvee on this side of the Atlantic. Same for Charles “Chuckie” Taylor, son of the recently arrested former president of Liberia (along with the deposed prez’s wife and ex-wife).
The Bad Guy List’s relevance to the average American consumer? What’s not widely known about it is that by federal law, sellers are supposed to check it even in the most common and mundane marketplace transactions.
“The OFAC requirements apply to all U.S. citizens. The law prohibits anyone, not just car dealers, from doing business with anyone whose name appears on the Office of Foreign Assets Control’s Specially Designated Nationals list,” says Thomas B. Hudson, senior partner at Hudson Cook LLP, a law firm in Hanover, Md., and publisher of Carlaw and Spot Delivery, legal-compliance newsletters and services for car dealers and finance companies.
Hudson says that, according to the law, supermarkets, restaurants, pawnbrokers, real estate agents, everyone, even The Washington Post, is prohibited from doing business with anyone named on the list. “There is no minimum amount for the transactions covered by the OFAC requirement, so everyone The Post sells a paper to or a want ad to whose name appears on the SDN list is a violation,” says Hudson, whose new book, “Carlaw — A Southern Attorney Delivers Humorous Practical Legal Advice on Car Sales and Financing,” comes out this month. “The law applies to you personally, as well.”
But The Bad Guy List law (which predates the controversial Patriot Act) not only is “perfectly ridiculous,” it’s impractical, says Hudson. “I understand that 95 percent of the people whose names are on the list are not even in the United States. And if you were a bad guy planning bad acts, and you knew that your name was on a publicly available list that people were required to check in order to avoid violating the law, how dumb would you have to be to use your own name?”
Compliance is also a big problem. Think eBay sellers are checking the list for auction winners? Or that the supermarket checkout person is thanking you by name while scanning a copy of The List under the counter? Not likely.

Actually, that quote comes from a Washingtonpost.com column here

If you’re interested to see it….

here’s the pdf of the “Specially designated nationals and blocked persons” list. (Last revised March 30, 2006) (Saddam Hussein is at the bottom of Page 2……)

Related Posts

Blog Traffic Exchange Related Posts
  • Criminal Background Check When you are hiring someone for most positions a criminal background check is a high priority. Especially if the person you are hiring will interact with your family or with children. The internet has made criminal background checks commonplace and easy to conduct. There are many services that make this......
  • What a week.... I think it's time to pass along a long story of what's gone on over the last week or so here and some of the reasons there hasn't been anything posted. Generally, I would say that work has been busy, but something happened last week that went a bit beyond......
  • Voiceshot - Easy Way to Get a Message Out - Automated Message Calling We've all received them.... "robocalls". Usually they fall into a couple categories.... 1) doctors appointment reminders and 2) political campaign ads and 3) telemarketers. Items 2 and three annoy me to no end. In hotly contested elections we have easily received several robocalls a day from each side for a......
Blog Traffic Exchange Related Websites
  • Essential Tips When You Need Small Business SEO Services Outsourcing to the PhilippinesWhenever you have your own firm you would definitely want to promote it through the web. Most probably because you are already conscious that a good portion of your target clients are constant internet users. That is the reason why you should certainly look for the right......
  • Get Helpful Tips About Helping A Friend Gain His Financial Freedom My best friend of thirty years was starting to have a very tough time at his job. He has worked at a plant that processes pepprs for about 20 years and has been very happy. He is the head maintenance person and is in charge of keeping the equipment......
  • Google Work At Home, CollegeAdvantage and JooJoo I have a bunch of smaller thoughts today, so I figured I'd write them up rather than focus on any particular topic. I'm pretty sure I have... wow, shinny object... some kind of undiagnosed ADD. Google Goes after the Work at Home Scammers A few months back, I wrote about......
www.pdf24.org    Send article as PDF   

Similar Posts


See what happened this day in history from either BBC Wikipedia
Search:
Keywords:
Amazon Logo

Comments are closed.


Switch to our mobile site