OFAC Removes 2 Sudanese Entities from SDN List
On February 1, 2012, the Office of Foreign Assets Control removed two Sudanese entities from its Specially Designated Nationals list. SDNs are (i) individuals and companies owned or controlled by, or acting for or on behalf of, targeted countries or…
Sign up for a free preview to unlock the rest of this article
If your job depends on informed compliance, you need International Trade Today. Delivered every business day and available any time online, only International Trade Today helps you stay current on the increasingly complex international trade regulatory environment.
(ii) individuals, groups, and entities, such as terrorists and narcotics traffickers designated under programs that are not country-specific. The assets of listed SDNs are blocked and U.S. persons are generally prohibited from dealing with them. The following two deletions have been made to OFAC's SDN list: (1) PEOPLE'S CO-OPERATIVE BANK, [SUDAN] and (2) UNITY BANK, [SUDAN]. OFAC notice (dated 02/01/2012) available here.