Maryland Federation of Art (MFA is committed to providing exhibition opportunities for artists worldwide, but must also comply with all sanctions/restrictions imposed by the US Department of the Treasury, Office of Foreign Assets Control (OFAC). Any violations of the US-imposed sanctions may result in severe corporate and/or individual criminal penalties. To comply with these restrictions, MFA follows the guidelines outlined below:
Prohibition Against Delivery of Services in Sanctioned Countries:
The United States has imposed sanctions against doing business with certain countries. MFA may not deliver products or services to any of the countries listed below:
- North Korea
Providing Services to Citizens of Sanctioned Countries Outside the Sanctioned Country / Payment Originating Outside the Sanctioned Countries:
MFA may deliver services to citizens of the sanctioned countries listed below provided the citizens are working outside the sanctioned country and payment for the services originates outside the sanctioned country:
MFA may not accept payment originating from a bank or financial institution in the above-listed countries.
For Example: If an Iranian citizen creates an account on www.mdfedart.com listing an address in Iran, submits art for jurying to MFA and provides payment drawn on an Iranian bank, we may not deliver editing services to that individual. Should the same Iranian citizen provide a valid address from a non-sanctioned country and payment drawn from a bank originating from a non-sanctioned country, we may provide editing services to that individual.
Providing Services to Citizens of Sanctioned Countries Outside the Sanctioned Country / Payment Originating Inside or Outside the Sanctioned Country:
MFA may provide services to citizens of the sanctioned countries listed below provided the citizens receive services outside the sanctioned country. Payment for the services may originate outside or inside the sanctioned country:
- North Korea
MFA may accept payment from a financial institution originating within North Korea.
Services for Citizens of Cuba
Cuban citizens cannot receive services anytime or anywhere, unless they are permanent resident aliens of the United States and possess a valid and unexpired United States Permanent Resident Card (green card). MFA may not accept payment originating from a bank or financial institution in Cuba.
SDN List – Blocked Assets/Restrictions against Business Transactions with individuals and groups
Additionally, OFAC has imposed restrictions against conducting business with, or has blocked the assets of, certain individuals and groups of individuals within the countries listed below, and any groups or individuals suspected of terrorist activity. These individuals and groups appear on OFAC’s Specially Designated Nationals (SDN) list. New customers within the following countries may be screened prior to any business transactions:
- Cote D’Ivoire
- Democratic Republic of the Congo
- North Korea