August 31, 2012 - 1:04pm
#1
We are trying to determine how other credit unions perform OFAC data checks on newly established accounts. Do you perform the OFAC check before the account is opened? Within 24 Hours? May you perform the OFAC check weekly (based on a "Low" OFAC Risk Assessment)? You may email me directly @ [email protected] .Thanks for your help!Lisa Greenwell CPA, CFSA, CFE, Internal Audit, Commonwealth Credit Union
