Compliance

Compliance Q&A

March 01, 2008
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Compliance Q&A March 1, 2008 By Valerie Moss Q What's the difference between "blocking" and "rejecting" a transaction under Office of Foreign Assets Control (OFAC) sanction programs? A Some OFAC-administered sanction programs require the "blocking" of assets, and others require the rejection of transactions. When the credit union blocks a...
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