Hello,
I'm curious everyones opinion on whether or not a trust name needs to be run through OFAC, specifically revocable trusts.
We run irrevocable trust names because our core has a field specifically intended for them because they use an EIN.
Not so much for the revocable trusts, where many customers simply use their SSN. We are of course running the customers personal names, just not the trust title.
Help! Also, if there is anything that specifically address this that info would be very much appreciated.