Build a better mousetrap and the world will beat a path to your door.
24 Aug 2006 at 3:30pm The following deletions have been made to OFAC's SDN list: ALI, Yusaf Ahmed, Hallbybacken 15, Spanga 70, Sweden; DOB 20 Nov 74 (individual) [SDGT]
11 Aug 2006 at 5:30am OFAC has posted a notice to remittance forwarding service providers concerning Cuban convertible pesos.
04.10.06:
What has 9/11, OFAC and Terrorists in common?The OFAC list is the Treasury Department Office of Foreign Affairs SDN list, where terrorists around the world are listed, has been around for years. The list has been updated and is fundamental for the hunt for terrorists for every business.What is OFAC Compliance?To be OFAC compliant means that if you are doing business you must comply with the OFAC list. In other words, you can not do business with anyone on the list!OFAC and the Patriot Act:The Patriot Act has recently been activated and revamped and there’s a lot of people complaining about it. The goverment says it needs the act to hunt down terrorists, and if they need to they can invade your privacy. OFAC Compliance List is not a OFAC Compliance Guide or a OFAC Paper! There has been a lot of OFAC Research and the OFAC Requirements for the SDN LIst, OFAC’s SDN List is that you need to be an identified terrorist to be on the list. People and/or on the list are High Risk persons & Entities and you as a businessman can do Suspect Matching against OFAC SDN List and Audit the result.TERRORISM and Terrorism Prevention is all in the Patriot Act and maybe if the OFAC list had been more known prior to 9/11 we might have been able to prevent the attack. September 12th, 2006 by | Edit| No Comments » |