Each Saturday, AuditLink runs all members and non-members against the Office of Foreign Assets Control (OFAC) sanctions lists for potential matches and then generates a report for credit union BSA officers to review on the following Monday morning.
As a result of the recent sanctions imposed by the United States government against Russia, the OFAC sanctions lists have received 48 pages of additional entities. These new additions will go into effect with this weekend’s scan and will very likely increase the size of the report.
If you would like additional information on the impact of these recent sanctions, NASCUS has published a detailed article, which can be accessed here. Or, if you have any questions, please contact Marvin Johnson at marvin.johnson@cuanswers.com.
