SDN stands for specially designated nationals and blocked person which includes terrorist organizations, international narcotics traffickers, and those engaged in activities related to the proliferation of weapons of mass destruction. It is a part US foreign policy with an aim to stop the terrorist and other illegal funds from circulating and opposes any kind of trade relations with targeted foreign countries. OFAC and its SDN list are to be followed by all the US citizens and US business before making any business contact with the overseas companies.
It also includes the nation supporting terrorist organizations like Iran, Iraq, and Korea. US businesses are strictly prohibited from dealing with SDNs and if they do they can suffer from serious consequences. It is therefore important for US persons to check OFAC's website on a regular basis to have an updated and latest OFAC SDN list.
The rules and regulations of OFAC are strict and also control the money transfer between two restricted nations. You should not take these laws lightly and follow them seriously so that it will not include your companies name in the SDN list. Persons and business people keep on changing their identity to remain unidentified from OFAC and regulating their illegal transactions. No matter where they are located, if they appear in the SDN list, then U.S. persons cannot enter in any kind of business transaction with them.
In some cases business companies and individuals are included mistakenly in the list. During such scenario one should file for the OFAC SDN list removal. If you happen to be one of those individuals or owner of a business whose names have been listed on OFAC SDN, then you can avail the services of certain law firms which hold expertise in matters related to OFAC.This process is complex and time consuming so it’s better to hire a law firm who has expertise in such process. These firms specialize in SDN list removal and have in-depth knowledge and experience to deal with such cases. There are several law firms providing legal support and assistance to their clients for justice. You can search them on internet.
If you don’t want your property to get seized then approach these law firms for OFAC SDN list removal. US business companies are not allowed to do the business with individuals or firms being sanctioned by the United States and listed under the SDN list. This list contains names of the individuals and firms that have been involved in any activity related to the US security threats and anti-national activities and it came into process to control the activities that may lead to the threat of national security.
