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OFAC - Wire Transfer

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When doing a wire transfer, how recent does the OFAC report on that have to be? I had a situation where a customer came in to sign the wire transfer form a week before the transaction was to take place, as they were going away on vacation, and that is when I took the OFAC. I took it the day that the wire transfer form was signed. Is this correct?

A wire should be checked the day of the wire. Things could have changed in the intervening week.

First published on 12/07/09

First published on 12/07/2009

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