Skip to content

OFAC Requirements for Lenders

Answered by: 

We are looking for recommendations/best practices regarding loan proceeds/payees and OFAC. Is it necessary to check OFAC for those entities receiving proceeds from a loan?

It is if you don't want to risk violating OFAC by giving loan proceeds to someone on the OFAC SDN listing.

First published on 1/17/05

First published on 01/17/2005

Filed under: 
Filed under lending 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