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June 07, 2002 at 08:00 PM
NU Online News Service, June 7, 3:06 p.m. – The National Association of Securities Dealers, New York, has created a Web-based tool that member companies can use to check whether customers or prospects are on the U.S. Treasury’s list of “Specially Designated Nationals and Blocked Persons.”
The list contains the names of people that the government believes to be spies, terrorists or drug traffickers.
The USA PATRIOT anti-money laundering act, enacted in the wake of the Sept. 11, 2001, terrorist attacks, prohibits brokerage firms, insurance companies and other financial services companies from doing business with individuals on the government list.
