OFAC SDN Removal
The United States government, acting through the Department of Treasury’s Office of Foreign Assets Control (OFAC), will target and “designate” an individual or business based on foreign policy and national security concerns. Collectively, the individuals and businesses are called “Specially Designated Nationals” or "SDNs."
The designation can mean public humiliation and financial ruin. This form of economic warfare blocks (freezes) the designee's assets, seeks to limit its international trade and cut off all financial transactions that are subject to U.S. domestic or extraterritorial jurisdiction.
It is an economic death penalty and can last a lifetime.
OFAC maintains an SDN list of thousands names of individuals and businesses that have been designated based on subject matters such as international narcotics trafficking, money laundering, and international terrorism. Designations are also made for reasons that are country specific such as the Democratic Republic of Congo (DRC), Belarus, and Myanmar. The SDN list is frequently updated.
We offer representation in SDN removal. We challenge OFAC's designation through the use of legal challenges and seek to have our clients' names and/or businesses removed from the OFAC SDN list. The firm has been successful with past removals. It is currently handling a number of these matters and is known for fighting vigorously for our clients. Our Washington, DC office is located 1 block from OFAC.