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- nounsanction (noun) · sanctions (plural noun)
- a threatened penalty for disobeying a law or rule:"a range of sanctions aimed at deterring insider abuse"Opposite:
- (sanctions)measures taken by a nation to coerce another to conform to an international agreement or norms of conduct, typically in the form of restrictions on trade or on participation in official sporting events:"the United States had agreed to lift economic sanctions"
- philosophya consideration operating to enforce obedience to any rule of conduct.
verbsanction (verb) · sanctions (third person present) · sanctioned (past tense) · sanctioned (past participle) · sanctioning (present participle)Originlate Middle English (as a noun denoting an ecclesiastical decree): from French, from Latin sanctio(n-), from sancire ‘ratify’. The verb dates from the late 18th century. - A sanctioned person refers to123:
- An individual, group, regime, entity, or thing listed or recognized as specially designated, prohibited, sanctioned, or debarred under any Anti-Terrorism Law.
- A person listed in any sanctions-related list maintained by government agencies or international bodies.
- A person organized under the laws of or resident in a sanctioned country.
- A person owned or controlled by any of the above.
Learn more:✕This summary was generated using AI based on multiple online sources. To view the original source information, use the "Learn more" links.Sanctioned Person means any individual person, group, regime, entity or thing listed or otherwise recognized as a specially designated, prohibited, sanctioned or debarred person, group, regime, entity or thing, or subject to any limitations or prohibitions (including but not limited to the blocking of property or rejection of transactions), under any Anti- Terrorism Law.www.lawinsider.com/dictionary/sanctioned-personSanctioned Persons means (a) any Person listed in any Sanctions-related list of designated Persons maintained by the Office of Foreign Assets Control of the U.S. Department of the Treasury, the U.S. Department of State, or by the United Nations Security Council or the European Union, (b) any Person organized under the laws of or resident in a Sanctioned Country or (c) any Person owned or controlled by any such Person or Persons...
www.lawinsider.com/dictionary/sanctioned-personsOFAC Sanctioned Person means any government, country, corporation or other entity, group or individual with whom or which the OFAC Sanctions prohibit a U.S. Person from engaging in transactions, and includes without limitation any individual or corporation or other entity that appears on the current OFAC list of Specially Designated Nationals and Blocked Persons (the “ SDN List ”).www.lawinsider.com/dictionary/ofac-sanctioned-per… - People also ask
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