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The OFAC search pulls from a database supplied by the Department of Treasury’s Office of foreign Asset Control. The list is called OFAC/SDN (Specially Designated Nationals). As part of it’s enforcement efforts, OFAC published a list 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. Collectively, such individuals and companies are called “Specially Designated Nationals” or “SDNs”. Their assets are blocked and U.S. persons are generally prohibited from dealing with them. Many of the sanctions are based on United Nations and other international mandates, are multilateral in scope, and involve close cooperation with allied governments. |
