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#2207155 - 02/26/19 07:35 PM OFAC 50% Rule
Sep9487 Offline
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Joined: Jun 2018
Posts: 5
What methods do banks use to comply with the OFAC 50% Rule?
Last edited by Sep9487; 02/26/19 07:36 PM.
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#2207206 - 02/26/19 10:16 PM Re: OFAC 50% Rule Sep9487
HappyGilmore Offline
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Joined: Jun 2004
Posts: 19,855
Pulling people out of the ditc...
i can't speak to any other banks, but if they are a 50% or greater owner and a hit is made, it gets held...as with any other OFAC compliance, banks make risk decisions on what to scan or not scan.
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