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Do OFAC rules apply to international ACH transactions?

April 26, 2017ACH International OFAC rules transactions

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Do OFAC rules apply to international ACH transactions?

1 Answer

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Yes. OFAC rules apply to all payments, both domestic and international. Depository financial institutions and their customers should consult with their internal compliance officer on their organizations’ requirements. Further information can also be found on the OFAC Web site, http://www.treas.gov/offices/enforcement/ofac/ (Off-site Link).