OFAC Regs - where states CONS list must be scanned

Posted By: Madawaska

OFAC Regs - where states CONS list must be scanned - 10/23/18 12:26 PM

Can anyone point me to where regulations quote the CONS list must be scanned?

Or is it lumped into the terminology "OFAC lists".

Thanks for your input.
Posted By: bcompliance

Re: OFAC Regs - where states CONS list must be scanned - 10/23/18 03:57 PM

There is no regulation that says you must scan the CONS list. It is a risk based decision. The regulation only specifies what the penalties are for conducting business with a party subject to certain sanctions lists.