OFAC Should Issue SDN Payment Licenses that Don't Expire

By Alexandre Lamy (April 21, 2021, 5:49 PM EDT) -- When the U.S. Department of the Treasury's Office of Foreign Assets Control designates a party as a specially designated national, or SDN, U.S. sanctions prohibitions take effect immediately, requiring U.S. parties to end their dealings with the SDN — and entities in which it has ownership of 50% or more — at the time of designation....

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