Specially Designated Nationals
/ˈspɛʃəli dɪˈzɪɡneɪtɪd ˈnæʃənəlz/
Definitions
- (n.) Individuals and entities designated by the U.S. Treasury's Office of Foreign Assets Control (OFAC) as involved in terrorism, narcotics trafficking, or other threats to national security, subject to sanctions and asset freezes.
The company was fined for dealing with specially designated nationals on the sanctions list.
Forms
- specially designated nationals
- specially designated national
Related terms
See also
Commentary
The term is often abbreviated as SDNs, and careful compliance with SDN lists is crucial in financial and international law to avoid penalties.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.