Which term is used to describe a list of individuals or entities designated by OFAC as blocked?

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Multiple Choice

Which term is used to describe a list of individuals or entities designated by OFAC as blocked?

The term described is the SDN List. OFAC designates individuals and entities as blocked, and this roster is known as the Specially Designated Nationals List—the shorthand for which is SDN. Financial institutions screen against this list to identify blocked persons and their blocked property. The other options don’t denote a list of designated individuals: Blocked Property refers to assets subject to restriction, Rejected Transactions are outcomes of screening, and Recordkeeping Requirements are regulatory duties.

The term described is the SDN List. OFAC designates individuals and entities as blocked, and this roster is known as the Specially Designated Nationals List—the shorthand for which is SDN. Financial institutions screen against this list to identify blocked persons and their blocked property. The other options don’t denote a list of designated individuals: Blocked Property refers to assets subject to restriction, Rejected Transactions are outcomes of screening, and Recordkeeping Requirements are regulatory duties.

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