OFAC SDN LIST REMOVAL ATTORNEY
DID YOU FIND YOURSELF ON AN OFAC SDN LIST?
OFAC is an acronym for Office of Foreign Assets Control.
We are not OFAC attorneys.
We are OFAC SDN removal attorneys.
In order to carry out its duties, the OFAC produces the Specially Designated Nationals and Blocked Persons list – also known as the OFAC SDN list.
If you’ve been designated by OFAC as an SDN under any of the sanctions programs, you really have two choices.
Choice number one is to live with it for life.
Choice number two — you seek to have it removed, challenge it.
It’s legally complex, time-consuming, but SDN removal is a real possibility.
Putting a person on the OFAC SDN list is a civil administrative matter arising out of US federal criminal allegations involving such things as drug trafficking and money laundering.
One may be placed on the list and also charged by the US government with the federal crime, or placed on the list and not charged.
Even though the individual is not charged today doesn’t mean that they won’t be charged tomorrow.
If one is placed on the OFAC list, it is a federal crime for a US bank or an individual or a business to conduct one or more financial transactions with the SDN-listed person.
And for the listed person it lasts a lifetime and acts as financial life imprisonment. There is a US legal process that can be pursued for the removal of the SDN from the OFAC list.
When persons have been placed on the list, they’re often confused as to why they’re on the list in the first place.
Many times one finds themselves on the list with absolutely no idea as to what they’ve done wrong.
They’re also confused as to how to challenge the designation.
Some people will spend years trying to challenge a designation by going through the wrong channels.
We’ve seen individuals try to challenge it through the US state department or the department of justice, or even through the United Nations or the European Commission.
OFAC is responsible for administering the list, and OFAC is where one needs to challenge their designation.
Our law firm is experienced in handling these matters.
We challenge OFAC’s designation and seek to have the individual, the business, or the country removed from the sanctions list.
A word of caution, you must be patient.
This process can take anywhere from a minimum of six months up to several years.
OFAC is in the business of designation, not removal.
The good news is we know how OFAC works.
We know how to get you the best result.
Rated OFAC SDN removal attorneys at the Law Office of Yelena Sharova P.C., will sit down with you and go over all the pertinent details of your case. They will begin a personalized legal plan that best fits you and your organization, while also increasing your chances of being removed from the list. Our skilled OFAC SDN removal attorneys can work with you to prepare a complete Petition for Removal that includes all the relevant evidence and arguments.
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