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Customs Glossary/Sanctions List (SDN, EU Consolidated List)

Sanctions List (SDN, EU Consolidated List)

General

PL: Lista sankcyjna (SDN, EU consolidated list) | DE: Sanktionsliste (SDN, EU-Konsolidierte Liste)

Definition

A sanctions list is an official register of natural persons, legal entities, and countries subject to trade and/or financial sanctions. In the EU: EU Consolidated Financial Sanctions List (maintained by the European Commission). In the US: SDN List (Specially Designated Nationals) maintained by OFAC. Businesses must screen counterparties against sanctions lists before every trade transaction.

Related Terms

Sanctions List (SDN, EU Consolidated List) — Customs Glossary | Celna24.com | Celna24.com