The U.S. Treasury Department’s Office of Foreign Asset Control (OFAC) maintains a list of Specialty Designated Nationals and Blocked Persons (the SDN List), which includes embargoed countries, known terrorist organizations, and other groups. Certain types of financial transactions must first be screened against this list. VPF Accounts Receivable can help assure compliance with OFAC regulations through the use of specialized software.
The Details
The U.S. Treasury Department’s Office of Foreign Asset Control (OFAC) maintains a list of Specialty Designated Nationals and Blocked Persons (the SDN List), which includes embargoed countries, known terrorist organizations, and other groups. Certain types of financial transactions must first be screened against this list. VPF Accounts Receivable can help assure compliance with OFAC regulations through the use of specialized software.