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Karnakis Kosmas, Sofianos

On the SDN listIndividualIRAN-EO13902

Karnakis Kosmas, Sofianos (individual) is on the Specially Designated Nationals (SDN) list of the U.S. Treasury Office of Foreign Assets Control (OFAC). Program: IRAN-EO13902. Addresses on file in: Panama. Its property under U.S. jurisdiction is blocked and U.S. persons are generally prohibited from dealing with it.

Panama has 140 entities, vessels or aircraft with an address on the SDN list, ranking #11 among all countries. Other sanctioned entities with an address in Panama City are listed below.

Sanctions program

Iran: economic sectors (Executive Order 13902) IRAN-EO13902

January 2020 order that allows sanctions on those operating in key sectors of Iran's economy, such as construction, mining, manufacturing and textiles, later extended to petroleum and petrochemicals. It is widely used against networks trading Iranian oil.

Addresses on file

  • Panama City, Panama

Other sanctioned entities in Panama City

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

Frequently asked questions

What does it mean that Karnakis Kosmas, Sofianos 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 person. Entities it owns 50% or more of, directly or indirectly, are also considered blocked.

Can a non-U.S. company do business with Karnakis Kosmas, Sofianos?

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.