Policy Reference: AM-OFAC-2026-001
Compliance

OFAC Compliance
Policy & Buyer Vetting

AM Resourcing Inc. is legally required to screen all buyers, sellers, brokers, and counterparties against U.S. government sanctions lists before engaging in any transaction. This page explains what we require — and provides the direct links for you to verify your own compliance status.

U.S. Treasury — OFAC Enforced
All Parties Screened
Zero Tolerance Policy
Why This Is Required

What Is OFAC and Why Does It Matter?

The Office of Foreign Assets Control (OFAC) is a division of the U.S. Department of the Treasury. It administers and enforces economic and trade sanctions based on U.S. foreign policy and national security goals.

As a U.S.-based company, AM Resourcing Inc. is legally required to screen all counterparties — buyers, sellers, brokers, banks, and vessels — against OFAC sanctions lists before any transaction takes place. Failure to comply can result in civil penalties up to $1,000,000+ per violation and criminal prosecution.

This is not optional. It applies to every deal — regardless of commodity, volume, or country of destination.

Who Must Be Screened

Before AM Resourcing can share any deal details, pricing, or supplier contacts, every party to the transaction must be screened:

➤ The buyer company (legal entity)
➤ The buyer’s authorized signatory (individual)
➤ Any co-broker or intermediary
➤ The LC-issuing bank
➤ The vessel / ship operator (where applicable)
➤ The destination port / terminal
Zero Tolerance — No Exceptions

Any positive match on the OFAC SDN List must be immediately blocked and reported to OFAC within 10 business days. AM Resourcing will terminate all communications with any sanctioned entity without exception.

Check Yourself Now — Free & Instant

Three Required Screening Databases

Before contacting us, we recommend you verify your own status on all three databases below. All searches are free and take under 5 minutes. Click any link to go directly to the search tool.

01
OFAC SDN List
↗ sanctionssearch.ofac.treas.gov
The primary U.S. sanctions list — Specially Designated Nationals and Blocked Persons. Maintained by the U.S. Department of the Treasury. Search your full legal company name AND the individual signatory’s full name. This is the most critical screen and is mandatory for every transaction.
02
Consolidated Screening List
↗ trade.gov/consolidated-screening-list
Maintained by the U.S. International Trade Administration — this single search covers multiple government watchlists including the BIS Denied Persons List, Entity List, Unverified List, OFAC SDN, Non-SDN, and others. A comprehensive one-stop screen for all U.S. trade restrictions.
03
BIS Entity List
↗ bis.doc.gov/lists-of-parties-of-concern
Maintained by the Bureau of Industry and Security (U.S. Department of Commerce). Especially critical for buyers in China, Russia, Iran, and other high-risk jurisdictions. Entities on this list require a BIS license before receiving U.S. exports — including bulk commodities.
🔒 How We Use Your Screening Results

When you contact AM Resourcing, we will run all three screens on your company and authorized signatory before sharing any deal details, pricing, or supplier names. We save a screenshot of each result to your deal file. If you have already run these screens yourself, please include your results when you submit your inquiry — it speeds up the process significantly.

What We Need From You

10-Step Buyer Due Diligence Checklist

These are the steps we work through with every new counterparty before executing any Sales & Purchase Agreement. Being prepared with these documents speeds up the process significantly.

1
Sign the NCNDA
A Non-Circumvention, Non-Disclosure & Confidentiality Agreement must be signed by both parties before any deal details, supplier contacts, or pricing are shared. Download the template on our NCNDA page.
Step 1 — First Contact
2
OFAC SDN Screen
We screen your company AND individual signatory on the OFAC SDN List at sanctionssearch.ofac.treas.gov. Screenshot saved to deal file. Result must be clear before proceeding.
Before Pricing
3
Consolidated Screening List
Your company is screened on the U.S. Consolidated Screening List at trade.gov/consolidated-screening-list. Screenshot saved to deal file.
Before Pricing
4
BIS Entity List
Your company is screened on the BIS Entity List at bis.doc.gov. Critical for buyers in China, India, and other jurisdictions. Screenshot saved.
Before Pricing
5
Company Legal Registration
Provide your company’s full legal name, country of incorporation, and company registration number. This is required to accurately conduct sanctions screening.
At NCNDA Stage
6
Authorized Signatory Identification
The individual who will sign the SPA must provide their full legal name and a copy of their government-issued photo ID (passport preferred).
At NCNDA Stage
7
End-Use Declaration
You must declare the intended end-use of the commodity. This is especially required for petroleum coke exported to China, India, and Vietnam under current BIS guidelines.
Before SPA
8
LC-Issuing Bank Verification
The bank issuing your Letter of Credit must be a first-class international bank. We will verify the BIC/SWIFT code and confirm the bank is not on any OFAC sanctions list before the LC is accepted.
At LC Stage
9
Re-Screen at Transaction
All three screens are re-run at the time of LC issuance. OFAC and BIS lists update daily — an initial clearance is not permanent. Re-screening at close is standard practice on all AM Resourcing transactions.
At LC Issuance
10
Document Retention
All screening screenshots, signed NCNDA, signatory ID, and end-use declarations are retained in the deal file for a minimum of 5 years in accordance with OFAC record-keeping guidelines.
Ongoing
Screening Results — What They Mean

How We Classify Screening Results

✓ Clear
No match found on any list. Transaction may proceed to next stage. Screenshot saved to deal file.
⚠ Under Review
Possible partial name match identified. Escalated to legal counsel for review before proceeding. You will be notified.
✕ Blocked
Confirmed match on SDN or restricted list. All communications terminated immediately. Reported to OFAC as required by law.
● Pending
Screen not yet completed. No deal details, pricing, or supplier contacts will be shared until screening is complete and clear.

Questions About Our Compliance Requirements?

Contact us directly — we are happy to walk through the process with any new counterparty.

Contact Us Download NCNDA