A Denied Person or Entity can be described as:
Individuals and entities that have been denied export privileges.
A Denied Party may also be known as for example:
- Restricted Party
- Denied Persons List (DPL)
- Denial List
- Specially Designated National (SDN)
- Export Denied Party List
- Trade Party Screening
- Sanctions
- Embargoes
The law states in general (not just USA) that it is illegal to provide economic benefit or resource to a person, entity etc that appears on one of the many lists that exist globally.
Any dealings with a party on this list that would violate the terms of its denial order are prohibited.
It’s therefore good business sense to conduct screening to demonstrate reasonable care.
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