What is the SDN list and do I need to screen my LLC's clients against it?
I run a foreign-owned LLC that provides consulting services to small businesses. A colleague mentioned the 'SDN list' and said I could get in trouble if one of my clients is on it. I thought only banks had to check this list. My LLC is not a bank or financial company. Do I really need to screen every client against the OFAC SDN list? How would I even do that? My clients are mostly small businesses in Latin America and I do not have a compliance department.
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