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SANCTIONS

Responsible establishment of economic relations and business relationships requires acting in accordance with the law on anti-money laundering and countering the financing of terrorism, countering support for the aggression of the Russian Federation against Ukraine launched on 24 February 2022, as well as other sanctions imposed by international bodies such as the UN and the European Commission. As a trustworthy partner, KRUK S.A. strives to adhere to the highest standards in this respect to prevent the risk of the KRUK Group Companies' activities being used for criminal purposes.
For the sake of full transparency of our activities and due to our obligation not to cooperate with persons and entities covered by sanctions or persons and entities related to them, persons and entities related to a country covered by a sanctions list, we carry out verification of persons and entities with the following lists:

  1. Lists of persons and entities subject to specific restrictive measures pursuant to Article 118 of the AML and Counteracting the Financing of Terrorism Act of 1 March 2018.
  2. Sanction List of the General Inspector of Financial Information pursuant to Article 120 of the AML Act - created and updated on the basis of the decision of the General Inspector of Financial Information to include on the list of persons and entities subject to specific restrictive measures.
  3. European Union Consolidated Financial Sanctions List - a list of entities related to terrorist activities subject to financial sanctions on the basis of legal acts of the European Union, which is drawn up, inter alia, on the basis of:
  • Council Regulation (EU) No 269/2014 of 17 March 2014 concerning restrictive measures in respect of actions undermining or threatening the territorial integrity, sovereignty and independence of Ukraine
  • Council Regulation (EU) No 833/2014 of 31 July 2014 concerning restrictive measures in view of Russia's actions destabilising the situation in Ukraine
  • Council Regulation (EC) No 765/2006 of 18 May 2006 concerning restrictive measures against President Lukashenko and certain officials of Belarus
  1. List of persons and related entities as indicated in Annex 1 to Council Regulation (EU) No 269/2014 of 17 March 2014. The list is updated in accordance with Article 2(2) of Council Regulation (EU) No 269/2014 of 17 March 2014.
  2. Council Regulation (EU) No 208/2014 of 5 March 2014 concerning restrictive measures directed against certain persons, entities and bodies in view of the situation in Ukraine,
  3. OFAC ‘Sectoral Sanctions Identifications’ (SSI List) (list of entities operating in sectors subject to economic sanctions, compiled by the Office of Foreign Assets Control (OFAC) of the US Department of the Treasury,
  4. OFAC ‘Foreign Sanctions Evaders’ (FSE List) ( List of violators of sanctions against Iran and Syria, compiled by the Office of Foreign Assets Control (OFAC) of the US Department of the Treasury,
  5. Council Regulation (EC) No 881/2002 of 27 May 2002 imposing certain specific restrictive measures directed against certain persons and entities associated with Usama bin Laden, the Al-Qaida network and the Taliban, and repealing Council Regulation (EC) No 467/2001 prohibiting the export of certain goods and services to Afghanistan, strengthening the flight ban and extending the freeze of funds and other financial resources in respect of the Taliban of Afghanistan,
  6. Council Regulation (EU) No 753/2011 of 1 August 2011 concerning restrictive measures directed against certain individuals, groups, undertakings and entities in view of the situation in Afghanistan,
  7. United Nations Security Council Consolidated List - a list based on United Nations Security Council resolutions under Chapter VII of the Charter of the United Nations concerning threats to international peace and security caused by terrorist acts.
  8. OFAC Specially Designated Nationals List (SDN List) - a list of entities compiled by the Office of Foreign Assets Control (OFAC) of the US Department of the Treasury, applicable within the jurisdiction of the United States.
  9. OFAC Consolidated Sanctions List (Non-SDN Lists).
  10. Consolidated list of financial sanctions targets in the UK (Office of Financial Sanctions Implementation HMT) - list of individuals who are currently subject to financial sanctions for alleged involvement in terrorist activities in the UK.
  11. Polish sanctions list on countering support for aggression against Ukraine (Ministry of Internal Affairs and Administration) - created on the basis of decisions of the Minister of Internal Affairs and Administration issued on the basis of the Act of 13 April 2022 on specific solutions for countering support for aggression against Ukraine and serving to protect national security.
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