What is an OFAC SDN search?

​The Office of Foreign Assets Control (OFAC) today launched a new and improved tool for searching its Specially Designated Nationals List (SDN). The SDN List is a compilation of entities and individuals that have been targeted under one or more of Treasury’s sanctions programs.

What is OFAC list verification?

What is OFAC? The Office of Foreign Assets Control is a part of the United States Treasury and the group oversees determining whether a company or individual is authorized to do business in the United States. This check includes economic and trade sanctions based on US foreign policy.

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.

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 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.

Who is targeted by OFAC sanctions?

OFAC-administered sanctions are imposed against targeted countries and regimes, as well as individuals and companies. When targeted, such persons are known as Specially Designated Nationals (SDNs). OFAC-targeted foreign countries and regimes are excluded from trade and business with the United States.

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.