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 compliance guidance for instant payment services; Libya sanctions regs
On September 30, 2022, OFAC announced its publication of Sanctions Compliance Guidance for Instant Payment Systems, which emphasizes the importance of taking a risk-based approach to managing sanctions risks in the context of new payment technologies such as instant payment systems and to highlight considerations relevant to managing those risks. This guidance also encourages developers of instant payment systems to incorporate sanctions compliance considerations and features as they develop these systems.
OFAC also reissued in their entirety its Libyan Sanctions Regulations, which were previously published in abbreviated form in 2011. The updated Libyan Sanctions Regulations include additional interpretive guidance and definitions, general licenses, and other regulatory provisions that will provide further guidance to the public.