Office of Foreign Assets Control, Specially Designated Nationals
Federal law specifies that everyone within the U.S. are responsible for ensuring that they do not undertake business dealings with an individual or entity listed by the Office of Foreign Asset Control (OFAC). This report can help to mitigate such a risk when added to your background screening regimine.
Often referred to as the PATRIOT Act Search***, OFAC SDN stands for Office of Foreign Assets Control, Specially Designated Nationals (SDN) list. The Office of Foreign Assets Control is part of the U. S. Treasury. It is the official body that determines whether or not an entity or individual is permitted to do business with the United States.
The OFAC SDN is 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. This list was primarily designed for use by financial institutions; they are not permitted to deal with anyone on the list. A similar restriction applies to insurance companies. It is safe to assume that employers, also, would prefer not to hire someone on the SDN list.
***About the USA PATRIOT ACT: The USA PATRIOT Act of 2001 is an Act of Congress that was signed into law by President George W. Bush on October 26, 2001. The title of the act is a ten-letter acronym for the PATRIOT Act (USA PATRIOT) that stands for Uniting (and) Strengthening America (by) Providing Appropriate Tools Required (to) Intercept (and) Obstruct Terrorism Act of 2001. It is commonly referred to as the Patriot Act.
On May 26, 2011, President Barack Obama signed the PATRIOT Sunsets Extension Act of 2011, a four-year extension of three key provisions in the USA PATRIOT Act: roving wiretaps, searches of business records (the "library records provision"), and conducting surveillance of "lone wolves"—individuals suspected of terrorist-related activities not linked to terrorist groups.
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