Skip to content

OFAC Check of Domestic & International Banks?

Question: 
Are we required to run OFAC checks of domestic banks before sending an outgoing wire, orr are we only required to check international banks?
Answer: 

You are only required to check transactions based on your bank's risk assessment and supporting policies. There is no list of required transactions that you have to check.

First published on BankersOnline.com 10/26/09

First published on 10/26/2009

Filed under: 
Filed under security as: 

Banker Store View All

From training, policies, forms, and publications, to office products and occasional gifts, it’s available here:

Banker Store

hot right now

image description

Looking for effective, convenient training on a particular subject?

BOL Learning Connect offers more than 200 courses ON-DEMAND or on CD ROM from AML to Reg Z and every topic in between.

Search Topics