Trading with Foreign Enemies
The Office of Foreign Assets Control (OFAC), a part of the Treasury Department, administers and enforces economic sanctions against trading with certain identified enemies of the U.S., as set forth in various lists prepared by OFAC and other agencies. One such list, begun in 1995, is the Specially Designated Nationals (SDN) list, a compilation of individuals and companies owned, controlled, or acting on behalf of targeted governments, such as North Korea, Syria, and Iran. These listed “specially design