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#2194086 - 09/27/18 07:44 PM OFAC on letter of credit receipient
Burgess Offline
Diamond Poster
Joined: Jan 2004
Posts: 1,621
when doing letters of credit, should we be doing an OFAC check on the recipient of the letter of credit , , as well as our borrower?
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BSA/AML/CIP/OFAC Forum
#2194097 - 09/27/18 09:03 PM Re: OFAC on letter of credit receipient Burgess
Mojo and Maxwells dad Offline
New Poster
Joined: Feb 2018
Posts: 2
I would consider this a risk based decision. We do and will continue to do so.

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