What does SDN stand for?

Study for the Certified Bank Secrecy Act Professional Test. Use flashcards and multiple-choice questions with hints and explanations. Get exam ready!

Multiple Choice

What does SDN stand for?

SDN stands for Specially Designated Nationals. This is OFAC’s official list of individuals, groups, and entities whose assets are blocked and with whom U.S. persons are generally prohibited from dealing. Being on the SDN triggers blocking of property under U.S. law and requires strict compliance in onboarding, transactions, and ongoing monitoring. The other terms don’t represent the actual designation; there isn’t a Specially Designated Nations list, nor is there a Sanctioned Domestic Nationals or Specially Designated Nonprofit Entities designation.

SDN stands for Specially Designated Nationals. This is OFAC’s official list of individuals, groups, and entities whose assets are blocked and with whom U.S. persons are generally prohibited from dealing. Being on the SDN triggers blocking of property under U.S. law and requires strict compliance in onboarding, transactions, and ongoing monitoring. The other terms don’t represent the actual designation; there isn’t a Specially Designated Nations list, nor is there a Sanctioned Domestic Nationals or Specially Designated Nonprofit Entities designation.

More practice questions