Description
Description:Â OFAC is the Office of Foreign Asset Control, part of the U.S. Department of Treasury. OFAC is responsible for administering and enforcing economic and trade sanctions against certain nations, entities and individuals. OFAC maintains a listing of these restricted counter parties in a document called the “Specially Designated Nationals List”. Updated Weekly.
Coverage:Â The OFAC List – World Wide
The SDN List (Specially Designated Nationals and Blocked Persons list) and other OFAC-administered sanctions lists, including the Foreign Sanctions Evaders List, Non-SDN Iran Sanctions Act List, Sectoral Sanctions Identifications List, List of Foreign Financial Institutions Subject to Correspondent Account or Payable-Through Account Sanctions, and Non-SDN Palestinian Legislative Council List, play a crucial role in compliance and risk mitigation. It is important to note that OFAC does not provide recommendations on confidence ratings. While Sanctions List Search assists in utilizing the SDN List and other sanctions lists, it is not a substitute for thorough due diligence. The use of Sanctions List Search does not absolve any criminal or civil liability arising from actions taken in reliance on the tool.
