What are SDN Sanctions?
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).
What does Sdntk stand for?
Acronym. Definition. SDNTK. Specially Designated Narcotics Trafficking Kingpin (US OFAC)
Does OFAC impose sanctions?
OFAC administers a number of different sanctions programs. The sanctions can be either comprehensive or selective, using the blocking of assets and trade restrictions to accomplish foreign policy and national security goals.
What does OFAC mean in banking?
Office of Foreign Assets Control
The Office of Foreign Assets Control administers and enforces economic sanctions programs primarily against countries and groups of individuals, such as terrorists and narcotics traffickers.
What is SDN in AML?
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.
How often is Sdn updated?
The OFAC SDN list may be updated as frequently as a few times a week or as rarely as once in six months. To conduct and manage a routine ongoing sanctions screening process, we recommend bundling OFAC SDN screening with your other compliance screening services.
What is 561 related in OFAC?
The Department of the Treasury’s Office of Foreign Assets Control (OFAC) is replacing the List of Foreign Financial Institutions Subject to Part 561 (the “Part 561 List”) with the List of Foreign Financial Institutions Subject to Correspondent Account or Payable-Through Account Sanctions (the “CAPTA List”).
What is OFAC in AML?
OFAC stands for ‘Office of Foreign Assets Control’.
What are the main types of sanctions?
Types
- Reasons for sanctioning. Sanctions formulations are designed into three categories.
- Diplomatic sanctions.
- Economic sanctions.
- Military sanctions.
- Sport sanctions.
- Sanctions on individuals.
- Sanctions on the environment.
What does sdntk stand for?
Today, OFAC has added [SDNTK] Entries to the Specially Designated Nationals List (SDN List):
What are the new entries added to the [sdntk] list?
Today, OFAC has added [SDNTK] Entries to the Specially Designated Nationals List (SDN List): The following [SDNTK] entries have been added to OFAC’s SDN list: ALMACEN PICIS, 3 Avenida 19-59, Local 14, Zona 1, Guatemala City, Guatemala; Registration ID 80617 (Guatemala) [SDNTK].
How does the sanctions list search tool work?
The Sanctions List Search tool uses approximate string matching to identify possible matches between word or character strings as entered into Sanctions List Search, and any name or name component as it appears on the SDN List and/or the various other sanctions lists.
What does SDN stand for?
Specially Designated Nationals And Blocked Persons List (SDN) Human Readable Lists. Last Updated: 07/02/2021. 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. It also lists individuals, groups, and entities, such as terrorists and