US Treasury’s OFAC Unveils Enhanced Sanctions List Search Tool in Korea

Seoul, South Korea - A Leap Forward in Sanctions Compliance

The Office of Foreign Assets Control (OFAC) has launched an upgraded Sanctions List Search tool, designed to simplify and enhance searches for entities listed on the Specially Designated Nationals (SDN) List and other related sanctions lists.

What’s New in the Enhanced Search Tool?

Fuzzy Logic Technology

The innovative search feature utilizes fuzzy logic technology to match potential matches in the name search field. This enhancement allows users to conduct comprehensive searches across multiple sanctions lists, including:

• Foreign Sanctions Evaders List
• Sectoral Sanctions Identifications List
• Non-SDN Consolidated Sanctions List

Specialized Categories on the Non-SDN Consolidated Sanctions List

The latter list encompasses several specialized categories, such as:

• List of Foreign Financial Institutions Subject to Correspondent Account or Payable-Through Account Sanctions
• Non-SDN Palestinian Legislative Council List
• Non-SDN Menu-Based Sanctions List
• Non-SDN Communist Chinese Military Companies List

Accessing More Information on the Sanctions List Search Tool

Individuals seeking more detailed information on how the Sanctions List Search tool operates, scoring mechanisms, user eligibility, and other topics can consult OFAC’s Frequently Asked Questions section.