Added Value - SDN Check

Regulated financial institutions (including pawnbrokers) are required by federal law to regularly compare their customer names to the U.S. Department of Treasury's SDN (Specially Designated Nationals) List.

The List contains thousands of names and aliases of individuals that have been designated by the Treasury Department as known terrorists and/or drug traffickers. Failure to report matches to Treasury can result in large fines and criminal prosecution.

Consulting the SDN List regularly can be tedious, burdensome and expensive for businesses.

To solve this problem, LeadsOnline provides the ability to automatically check customer names against the current SDN List, and will provide you a report of any potential matches.

With a name match, you can then determine whether or not your customer is the person Treasury has identified on the List, using the guidelines provided by Treasury in accordance with your own business practices.

The LeadsOnline SDN Check, as with all services we provide to businesses, is secure and complimentary for stores that transmit their daily transactions to LeadsOnline.

To register your store for free SDN List Check service, click here.

Frequently Asked Questions

What division of the U.S. Treasury oversees SDN compliance?

OFAC (Office of Foreign Assets Control)

What are the penalties for violating OFAC requirements?

OFAC has the authority to seek civil penalties, or a combination of criminal penalties and imprisonment. Civil penalties have ranged from $250 to $250,000. The maximum civil penalty range is $11,000 – $1,000,000 for each violation.

Where can I get an OFAC compliance manual specific to pawnbrokers?

The National Pawnbrokers Association provides a comprehensive Compliance Guidance Manual to its members. Call the NPA at 888.808.7296, or email: ofachelp@nationalpawnbrokers.org.

The Manual explains OFAC requirements and answers common questions such as, "How much time do I have to report a potential match to OFAC?" and includes helpful step–by–step instructions for evaluating potential name matches.

How do I contact OFAC with questions, or regarding a potential name match with the SDN List?

Call the OFAC hotline at 800.540.6322 or 202.622.2490

Email them at ofac.feedback@do.treas.gov

Or visit their website at www.treas.gov/ofac.