Let Us Know About The Department of OFAC SDN List Removal

The United States Department of OFAC (Treasury Office of Foreign Assets Control) maintains a record of people who are suspected and believed to be involves in terrorist and similar activities that poses an imminent threat to the United States. This is imperative for the national security interests of the US to keep such people away from their land who are detrimental to the security of the nation. The list is most popularly known as the SDN (Specially Designated National) list. The persons in the list may be individuals or companies. The evidence in support of the decision of Treasury Office of Foreign Assets Control is unavailable to people or companies seeking removal. This may be devastating for people who find their names in the list and keep wondering what wrong they have done.

The outcome of these allegations can cripple an individual in several ways. The designated person will not only lose right to use to assets within US jurisdiction, they will also be not allowed to gain access into the US financial systems. Moreover, any US person will not be allowed to get into any sort of transaction with an individual or corporate entity named in the SDN list. In case, any US person violates the previously mentioned stipulation, they will face harsh consequences. They either may be fined with multimillion dollars or may be sentenced to twenty years of imprisonment.
However, if your name reflects in the SDN list and it is causing you huge financial loss, you should contact an attorney who is well conversant with the working of the OFAC and have knowledge of the removal process. Only an experienced attorney can assist you in offering a representation in the OFAC SDN list removal.