Frequently Asked Questions

42. What do I do if a person tries to open an account and the individual or entity’s name is on OFAC’s SDN List (or is otherwise a blocked person)? Do I open the account and then block the funds?

… who is otherwise blocked (e.g., a blocked government or an entity that is subject to the 50 Percent Rule). This is a prohibited service. However, the institution or its affiliates … who is otherwise blocked (e.g., a blocked government or an entity that is subject to the… Read more

Frequently Asked Questions

Office of Terrorism and Financial Intelligence