Commerce Prohibition Policy for OFAC Sanctioned Countries - Back to Governance Policies
Status: July 2026
AIST complies with U.S. sanctions laws and regulations administered by the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC).
AIST will not conduct business transactions with individuals, organizations, or entities located in, ordinarily resident in, or acting on behalf of a comprehensively sanctioned jurisdiction. As of the most recent review, this includes:
- Cuba
- Iran
- North Korea
- Crimea region of Ukraine
- Donetsk People’s Republic (DNR) region of Ukraine
- Luhansk People’s Republic (LNR) region of Ukraine
AIST will also not conduct business with any individual, organization, or entity listed on OFAC’s Specially Designated Nationals and Blocked Persons List (SDN List) or any other applicable U.S. government sanctions or restricted-party list.
For purposes of this policy, “business transactions” include, but are not limited to, membership applications and renewals, event registrations, sponsorships, exhibit contracts, publication purchases, advertising, training programs, donations, vendor agreements, speaker payments, honoraria, and other payments to or from AIST.
Transactions involving countries, regions, individuals, or entities subject to targeted or selective OFAC sanctions may require additional review before AIST can proceed. OFAC sanctions programs are subject to change, and AIST will rely on current OFAC guidance, sanctions lists, and applicable U.S. law when evaluating transactions.
AIST reserves the right to deny, cancel, suspend, or refund any transaction when necessary to comply with U.S. sanctions laws or AIST’s compliance obligations.