The Specially Designated Nationals (SDN) list is a comprehensive list of individuals, organizations, and entities that are subject to U.S. economic and trade sanctions. The list is published and maintained by the Office of Foreign Assets Control (OFAC), a U.S. government agency responsible for enforcing economic and trade sanctions against foreign countries, organizations, and individuals deemed a threat to national security, foreign policy, or the economy.
The SDN list is published and updated regularly and can be accessed on OFAC’s official website. It is an essential tool used by U.S. companies and financial institutions to comply with OFAC sanctions regulations by performing “OFAC checks” on their customers, transactions, and other relevant information to ensure they are not engaging with individuals or entities on the SDN list.
The SDN list is used in a variety of transactions, including financial transactions, imports and exports, and other commercial activities. It is particularly important for companies and financial institutions to perform OFAC checks before engaging in international transactions, as they may be subject to penalties if they engage with individuals or entities on the SDN list.
In conclusion, the SDN list is a comprehensive list of individuals, organizations, and entities subject to U.S. economic and trade sanctions. It is published and maintained by the OFAC and used by U.S. companies and financial institutions to comply with OFAC sanctions regulations. The SDN list is updated regularly and used in a variety of transactions to ensure compliance with OFAC sanctions.
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This page was last updated on March 8, 2023.
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