Is Your Name on This U.S. Govt List...Hopefully Not

[Pib]

You definitely don't want your name on the U.S. Govt Specially Designated Nationals and Blocked Persons List (SDN) as it could create a BIG financial headache for you, especially if you are trying to open a new account.  See the full story at below news weblink...partial quote also below.   And if you want to see if your name is on the SDN list go to the U.S. govt weblink at the bottom of this post.  My name isn't thank goodness.

 

http://www.huffingtonpost.com/entry/treasury-department-financial-no-fly-list_us_58e6505ae4b06a4cb30fd7b0?xbq&&

 

Partial Quote...full story at above weblink

 

Quote

 

Muhammed Ali Khan tried to do one of the most boring, responsible things an American taxpayer can do: set up a government-guaranteed retirement savings account. He was rejected because the Treasury Department thought he might be a terrorist.

 

He isn’t. He’s a software consultant from Fullerton, California. But he shares a first name (with a different spelling), last name and middle initial with a financier of a Pakistani terror group. That man, Mohammad Naushad Alam Khan, is on the Treasury Department’s Specially Designated Nationals and Blocked Persons List (SDN). The 1,026-page catalog lists people and organizations that U.S. citizens and residents are barred from doing business with because of their ties to terror cells, drug cartels or rogue states.

 

The SDN is essentially a financial no-fly list that cuts people off from U.S. banks ― and, as a result, the global financial system. The SDN has more than doubled in length in the last five years. 

 

Khan later found out that his credit reports from Experian and TransUnion had also been flagged as a potential match. The trouble this caused him was relatively minor ― after he got over the shock of seeing a terrorism flag on his credit report, he spent a few hours navigating customer service lines with the Treasury Department and the two credit bureaus. He got his retirement account set up and his credit reports cleared after providing some personal information to show that he was not the man who had financially supported the 2008 Mumbai attacks.......

Instead, Akeel said, the burden falls on people like Khan, who have to try to prove that they are not someone else. Khan succeeded in setting up his retirement fund, but there’s no way for him to proactively tell every U.S. financial institution that he isn’t Mohammad Naushad Alam Khan.

 

 

 

U.S. Treasury Specially Designated Nationals and Blocked Persons List (SDN)

https://www.treasury.gov/resource-center/sanctions/SDN-List/Pages/default.aspx