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#2252110 - 04/09/21 04:26 PM OFAC check on employees
SunshineBanker Offline
New Poster
Joined: Apr 2016
Posts: 8
Do other banks do ongoing OFAC scans of employees? An initial OFAC scan is done at employment and IF the employee has an account here, there are ongoing scans of their names through the database scans; however the majority of our staff have accounts elsewhere so their names are not scanned.

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#2252113 - 04/09/21 04:33 PM Re: OFAC check on employees SunshineBanker
ACBbank Offline
Power Poster
Joined: Jul 2006
Posts: 3,959
New York City
We do it as part of the on boarding process and if they have an account. I would opine that risk is relatively low that a bank employee would be added to the SDN List for most community banks.
"100 victories in 100 battles isnt the most skillful. Subduing the other's military w/o battle is the most skillful." Sun-Tzu

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#2252798 - 04/22/21 03:36 PM Re: OFAC check on employees SunshineBanker
cried Offline
New Poster
Joined: Sep 2015
Posts: 12
We do. We create a CIF for all employees to ensure they are checked for OFAC on each update. I agree with ABCbank that is is low risk, however better safe than sorry.

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