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Karpis Ag

On the SDN listEntityILLICIT-DRUGS-EO14059

Karpis Ag (entity) is on the Specially Designated Nationals (SDN) list of the U.S. Treasury Office of Foreign Assets Control (OFAC). Program: ILLICIT-DRUGS-EO14059. Addresses on file in: Switzerland. Its property under U.S. jurisdiction is blocked and U.S. persons are generally prohibited from dealing with it.

Switzerland has 42 entities, vessels or aircraft with an address on the SDN list. Other sanctioned entities with an address in Zug 6300 are listed below.

Sanctions program

Global illicit drug trade (Executive Order 14059) ILLICIT-DRUGS-EO14059

December 2021 order targeting those involved in the international production or trafficking of illicit drugs, such as fentanyl and its precursors, and those who finance them.

Addresses on file

  • Banhofstrasse 20, Zug 6300, Switzerland

OFAC remarks

Organization Established Date 14 Dec 2021; Organization Type: Other financial service activities, except insurance and pension funding activities, n.e.c.; Tax ID No. 181046704 (Switzerland); Legal Entity Number 875500KMMBZ815XS0H29; Registration Number CH-170.3.046.619-4 (Switzerland); Linked To: KARPAVICIUS, Rokas.

Other sanctioned entities in Zug 6300

Sharing a city does not imply any link between these entities.

Frequently asked questions

What does it mean that Karpis Ag is on the SDN list?

It means that its property and interests in property under U.S. jurisdiction are blocked and U.S. persons are generally prohibited from dealing with this entity. Entities it owns 50% or more of, directly or indirectly, are also considered blocked.

Can a non-U.S. company do business with Karpis Ag?

OFAC sanctions bind U.S. persons and companies, as well as transactions that pass through the U.S. financial system (for example, U.S. dollar payments). Some programs, such as those for Russia and Iran, include secondary sanctions on non-U.S. persons. Seek advice before transacting.

How does an entity get removed from the SDN list?

A sanctioned party can petition OFAC for removal by showing a change in circumstances. OFAC publishes removals on its website; DataCloud USA updates the list daily and marks the profiles of delisted parties.

More context: how to check if a company is debarred or sanctioned.