Topic: Office of Foreign Assets Control (OFAC)
-
OFAC Risk Assessment Matrix (1/12)
Examiners require that credit union management assess which areas of operation create the most risk for OFAC violations and then tailor the credit union’s OFAC policies, procedures and processes on […]
-
OFAC Program Evaluation Matrix (7/16)
This is the sample matrix included in ii Release 0148.
-
OFAC Program Evaluation Matrix (7/16)
This is the sample matrix included in ii Release 0148.
-
FRB: FedACH International ACH Transaction (IAT) Resource Center
All U.S. financial institutions are affected by the new NACHA rule requirements for IATs, even those that do not currently send or receive international ACH transactions as any financial institution […]
-
FFIEC: Bank Secrecy Act Anti-Money Laundering Examination Manual 2014
This Federal Financial Institutions Examination Council (FFIEC) Bank Secrecy Act (BSA) /Anti-Money Laundering (AML) Examination Manual contains an overview of BSA/AML compliance program requirements, BSA/AML risks and risk management expectations, […]
-
FFIEC: Automated Clearing House Transactions—Overview
This page includes FFIEC guidance on OFAC screening requirements for domestic and International ACH Transactions (IATs).
-
0148 OFAC Compliance
This release describes the required blocking of credit union transactions by persons appearing on “OFAC lists” of Specially Designated Nationals and Blocked Persons. OFAC comprehensive sanctions programs target Burma (Myanmar), […]