Exception Tracking Spreadsheet (TicklerTrax™)
Downloaded by more than 1,000 bankers. Free Excel spreadsheet to help you track missing and expiring documents for credit and loans, deposits, trusts, and more. Visualize your exception data in interactive charts and graphs. Provided by bank technology vendor, AccuSystems. Download TicklerTrax for free.
OFAC targets indviduals for human rights abuses
Yesterday, on International Human Rights Day, OFAC took action against 18 individuals located in Burma, Pakistan, Libya, Slovakia, Democratic Republic of the Congo, and South Sudan for their roles in serious human rights abuse. Additionally, six entities were designated for being owned or controlled by one of the designated individuals. OFAC designated these individuals and entities under E.O. 13818 and the Global Magnitsky Human Rights Accountability Act, which target perpetrators of serious human rights abuse and corruption.
As a result of yesterday’s action, all property and interests in property of the designated individuals, and of any entities that are owned, directly or indirectly, 50 percent or more by them, individually, or with other designated persons, that are in the United States or in the possession or control of U.S. persons, are blocked and must be reported to OFAC. Unless authorized by a general or specific license issued by OFAC or otherwise exempt, OFAC’s regulations generally prohibit all transactions by U.S. persons or within (or transiting) the United States that involve any property or interests in property of designated or otherwise blocked persons.
The names and identifying information for the individuals and entities targeted in OFAC's action can be found in this BankersOnline OFAC Update.