What is the difference between the USA and the OFAC lists?
Screena sources several lists to comply with U.S. sanctions regulations and trade restrictions.
US OFAC Specially Designated Nationals (SDN) List
As part of its enforcement efforts, the Office of Foreign Assets Control (OFAC) publishes a list of individuals and companies owned or controlled by, or acting for or on behalf of, targeted countries. It also lists individuals, groups, and entities, such as terrorists and narcotics traffickers designated under programs that are not country-specific. Collectively, such individuals and companies are called "Specially Designated Nationals" or "SDNs." Their assets are blocked and U.S. persons are generally prohibited from dealing with them. View more information on Treasury's Sanctions Programs.
In the early days of the massive new sanctions targeting Russian individuals and companies (i.e., around February 23, 2022), we found that the original US Trade Consolidated Screening List (CSL) was not systematically synchronized in real-time with the original OFAC lists.
Screena immediately reported the issue to the US International Trade Administration (ITA)'s Data Services Platform.
While the ITA’s Data Services Platform promptly resolved this issue, we advise Screena users to rely on the original OFAC lists (i.e., the "OFAC SDN" and "OFAC CONSOLIDATED" dataset) to ensure strict compliance with OFAC's sanctions regulations.
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