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#1122916 - 02/04/09 07:37 PM OFAC Blocked Account
Norrie Offline
Joined: Feb 2008
Posts: 67
If a bank receives an OFAC hit, can it inform the customer that his/her account has been blocked for that reason?

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#1123269 - 02/04/09 11:53 PM Re: OFAC Blocked Account Norrie
'Lil Freak! Offline
10K Club
'Lil Freak!
Joined: Sep 2005
Posts: 10,595
The psych ward
After confirming with OFAC that you have a match there is no reason not to explain that to the customer. The customer will have to contact OFAC directly for further information to get the funds released.
No, I didn't lose my mind. It got scared and ran away.

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