Investment Banking Council of America (IBCA) complies with all laws and regulations enforced by the Office of Foreign Assets Control (OFAC). As an organization, IBCA is bound by OFAC regulations, which prohibit US entities from conducting business transactions with certain countries, individuals, and organizations.
IBCA does not conduct business with individuals or organizations restricted under export compliance regulations or listed on the Specially Designated Nationals (SDN) list. Reviewing the OFAC SDN list before applying for CIBP™ or IBCA’s partnership programs is essential for prospective candidates outside the United States. IBCA also does not engage in business activities in specific countries or territories, such as Crimea and designated regions of Ukraine*, Cuba, Iran, North Korea, and Syria, where candidates or entities are subject to sanctions.
Failure to comply with OFAC regulations may lead to disciplinary action, including legal repercussions. Individuals who register for the CIBP™ charter or organizations/institutions that apply for partnerships despite US sanctions prohibiting such engagements will have their registration promptly canceled without a refund.
*Note: given the ever-evolving geopolitical landscape, guidance pertaining to this region may rapidly change. Individuals are encouraged to contact the Office of Trade Compliance for the latest updates.