What is OFAC SDN list?
As part of its enforcement efforts, OFAC publishes a list of individuals and companies owned or controlled by, or acting for or on behalf of, targeted countries. Collectively, such individuals and companies are called “Specially Designated Nationals” or “SDNs.”
What is the US SDN list?
The Specially Designated Nationals and Blocked Persons List, also known as the SDN List, is a United States government sanctions/embargo measure targeting U.S.-designated terrorists, officials and beneficiaries of certain authoritarian regimes, and international criminals (e.g., drug traffickers).
Which lists are maintained by OFAC?
OFAC publishes lists of individuals and companies owned or controlled by, or acting for or on behalf of, targeted countries. It also lists individuals, groups, and entities, such as terrorists and narcotics traffickers designated under programs that are not country-specific.
How many OFAC lists are there?
Due to the diversity among sanctions, we advise visiting the “Sanctions Programs and Country Information” page for information on a specific program. OFAC’s Specially Designated Nationals and Blocked Persons List (“SDN List”) has approximately 6,300 names connected with sanctions targets.
Can US citizens be on the SDN list?
U.S. persons are prohibited from engaging in any transactions with SDNs and must block any property in their possession or under their control in which an SDN has an interest.
What are the three types of OFAC sanctions?
Financial Sanctions
- Specially Designated Nationals List (SDN List)
- Consolidated Sanctions List (Non-SDN Lists)
- Search OFAC’s Sanctions Lists.
- OFAC License Application Page.
- Frequently Asked Questions.
What are the three sanctions lists?
Who is on a Sanctions List?
- Terrorism and Terrorist financing.
- Narcotics trafficking.
- Human rights violations.
- Weapons proliferation.
- Violation of international treaties, e.g arms embargo.
- Money laundering activities.
Who is subject to OFAC?
All U.S. persons must comply with OFAC regulations, including all U.S. citizens and permanent resident aliens regardless of where they are located, all persons and entities within the United States, all U.S incorporated entities and their foreign branches.
Can US citizens be on the OFAC list?
U.S. persons must comply with OFAC regulations, including all U.S. citizens and permanent resident aliens regardless of where they are located, all persons and entities within the United States, all U.S. incorporated entities and their foreign branches.
How often does OFAC mail the SDN list?
How often is the Specially Designated Nationals (SDN) List updated? The SDN list is frequently updated. There is no predetermined timetable, but rather names are added or removed as necessary and appropriate.
How often is the SDN list updated?
Designated Nationals and Blocked Persons (SDN). Credit unions must take steps to download or otherwise obtain the SDN list from OFAC on a regular basis. The SDN list may be updated daily or hourly, and credit unions are responsible for having the most frequent list. The SDN list is not the same as the 314a list provided by FinCEN. The
What is the OFAC sanctions list?
OFAC sanctions lists include the Specially Designated Nationals ( SDN ) list, the Consolidated Sanctions List, and others, including the following (see the OFAC website for additional sanctions lists): Cuba Sanctions. Iran Sanctions. Ukraine/Russia-Related Sanctions. Syria Sanctions. Counter Terrorism Sanctions.
What is OFAC sanction list?
OFAC sanctions lists include the Specially Designated Nationals ( SDN ) list, the Consolidated Sanctions List, and others, including the following (see the OFAC website for additional sanctions lists): Cuba Sanctions Iran Sanctions Ukraine/Russia-Related Sanctions Syria Sanctions Counter Terrorism Sanctions Counter Narcotics Trafficking Sanctions
What are the OFAC regulations?
OFAC Regulations Preempt State Insurance Regulations. The Office of Foreign Assets Control (OFAC) is an agency within the U.S. Department of Treasury charged with administering and enforcing trade restrictions or sanctions on foreign countries and companies registered in those countries.