Answer:
While I know that OFAC has some rather interesting views on a POD beneficiary's legal interest in a deposit account, I don't agree that an account should be blocked based on a possible match of the beneficiary. I see no problem with opening a separate account for the blocked account's owner, as long as he or she is not an OFAC-sanctioned person.
First published on BankersOnline.com 4/19/10