I have recently started a new job (within the past 2 weeks) as a compliance assistant. I have been out of compliance (working in a bank) for 8 months, so somethings have left my memory. I am currently trying to update the OFAC policy and cannot remember what all has to be scrrened through OFAC. Do monetary instrument sales have to be screened, safe deposit boxes? Could anyone tell me where to go to get the requirements? Thanks a lot!!

http://www.treas.gov/offices/enforcement/ofac/faq/index.shtml

This might be a good place to start for a refresher.

You will not find any lists of things your are required to check. Complete the poll and you will see what others are doing.

I just looked at the poll numbers again, and was shocked to see the high percentage that check nothing on ACH. Am I wrong in thinking that it is required?

See every other response to OFAC questions, "nothing is required, but...."

I think as long as you only allow domestic ACH you should be okay not checking. We are all relying on each other to check our own customers against the OFAC lists. Here's a link to NACHA's OFAC Guide NACHA OFAC Guidance