OFAC Match Review and Freeze Notification

Control: OFAC-002-001
Regulation: OFAC Sanctions
Category: operational
Priority: critical
Frequency: ongoing
Type: operational

What this control requires

Implement procedures for reviewing potential OFAC matches, determining true matches from false positives, freezing matched assets, filing OFAC blocking reports within 10 business days, and annual reports on blocked property. Train match reviewers on OFAC regulations.

Other OFAC Sanctions controls

OFAC-001-001 - OFAC Sanctions Screening ProgrammeOFAC-003-001 - OFAC Sanctions Compliance Training