Answer:
You are only required to check transactions based on your bank's risk assessment and supporting policies. There is no list of required transactions that you have to check.
First published on BankersOnline.com 10/26/09
OFAC Check of Domestic & International Banks?
Answered by:
Question:
Are we required to run OFAC checks of domestic banks before sending an outgoing wire, orr are we only required to check international banks?
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