OFAC's SDN List: Hit-and-Miss
Today's Washington Post contains an interesting story entitled "Hit-and-Miss List: If You're in This Directory, Forget Shopping" describing how car dealerships and other U.S. businesses are attempting to comply with OFAC's Specially Designated Nationals and Blocked Persons List.
The article quotes a Treasury Department spokesperson as saying that "financial institutions have really stepped up to the plate in combating illicit finances and checking the list" and "other industries are following suit. . . . We expect U.S. businesses to do all they can to comply with the law, but we do recognize there are challenges in applying broad sanctions of this sort."
Labels: OFAC
|posted by Douglas N. Jacobson| Permalink 
