You Suspect an OFAC Match. Now What?

December 18, 2012

We often examine ways to protect your organization against doing business with individuals or entities on the Office of Foreign Assets Control’s (OFAC) Specially Designated Nationals (SDN) list, the most important of which is to ensure you have an infallible automated screening solution.

But do you know what to do once you think you have a valid OFAC hit? Whether the match involves a wire transfer, another type of live transaction, or an account, there are certain steps you must follow to determine if it’s a valid… [more]

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