#1196095 - 06/04/0906:28 PMOFAC screening for ACH Originators
DRN
Junior Member
Joined: Jan 2003
Posts: 36
Virginia
I am trying to see what other banks are doing as far as IATs and OFAC screening. Do you (the ODFI) expect your originators to perform an OFAC screening before the files are sent to you or are you performing the OFAC screening?
As far as IAT is concerned; gateways, ODFIs and RDFIs have a responsibility to ensure OFAC compliance. The originating customer (assuming they are a US entity) also has a responsibility to ensure their own OFAC compliance.