IAF (User) Association member should make sure their entity (e.g. scheme owner, industry group),
– is not affiliated with an entity covered by sanction/s (e.g. ownership)
– members are not sanctioned (themselves) or affiliated with an entity covered by sanction/s (e.g. ownership)
– members are not providing services to an entity covered by sanction/s.
If it is discovered there is activity with an entity covered by sanctions, then immediate action would need to be taken to disassociate from that entity.
