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OFAC Introduces New Sanctions List Format

Joe Mont | January 6, 2015

As part of an effort to better assist compliance and screening programs and create a global sanctions list, the Treasury Department this week announced a new format for its Specially Designated Nationals and Blocked Persons (SDN) List.

The Office of Foreign Assets Control’s new sanctions list format was developed with the United Nations and the Wolfsberg Group of International Banks. The stated goal is to “create a universal sanctions list format that can be efficiently used by governments worldwide.” Companies will have both additional information to work with and the ability to customize their watchlists. Some of the new capabilities include:

  • New metadata that includes specific labels that go beyond the standard, “Last...
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