Glossary

SDN List

The Specially Designated Nationals (SDN) List is a publication of OFAC which lists individuals and organizations with whom United States citizens and permanent residents are prohibited from doing business. A key list to be scanned against in order to comply with the USA PATRIOT Act.

Related Terms

  • Money Services Business (MSB)

    Money Services Business is a legal term defined by federal law and regulation. Part of a 1999 ruling revising the regulatory definitions of certain non-bank financial institutions for purposes of the Bank Secrecy Act (BSA)....

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  • Red Flag

    A potentially suspicious or money laundering situation raises a Red Flag or warning signal.

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