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.
U.S. sanctions 18 major Iranian banks
Yesterday, the Secretary of the Treasury, in consultation with the Secretary of State, identified the financial sector of the Iranian economy pursuant to section 1(a)(I) of Executive Order 13902, which authorizes Treasury to sanction any Iranian financial institution. Subsequently, OFAC sanctioned eighteen major Iranian banks. Sixteen Iranian banks were sanctioned for operating in Iran’s financial sector and one bank for being owned or controlled by a sanctioned Iranian bank. Additionally, this action includes the designation of an Iranian military-affiliated bank under Treasury’s counter-proliferation authority.
See BankersOnline's OFAC Update for identification of the banks sanctioned by these actions, information on a new Iran-related General License, and links to new Iran-related FAQs.
- Treasury Department press release