OFAC Updates

OFAC recently announced some things that may be helpful in your compliance efforts.

There is a new OFAC Compliance Hotline page for users to get guidance and submit queries. OFAC’s Compliance Hotline email is no longer in use and the phone number will only be operational until the end of the year.

OFAC is also in the process of updating many of its FAQs. More information, including which FAQs have already been updated and how to receive notice about future updates, is available here.

Changes are also being made to make OFAC’s website more user-friendly, including a new search function for the FAQs.

When you need an answer to an OFAC question, it’s very often time-sensitive; so, we encourage you to take note of these changes and update your procedures, as necessary.

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Published
2024/09/05
Amy Kudlacek

Amy Kudlacek

Amy brings many years of banking and compliance experience to Banker’s Compliance Consulting. She has worked for both large and small financial institutions and spent time working in every area of a bank. She started out as a teller in college and eventually became a branch manager. Her love, however, was always compliance. Amy began her career with Banker’s Compliance Consulting in 2000. Her knowledge and experiences have allowed her to develop a well-rounded and practical approach to regulatory compliance. Amy is CRCM certified, has a Bachelors Degree in Business Administration and is a graduate of the ABA Compliance School. Amy & her husband have two children at home and stay busy following their activities. They spend a lot of time in the bleachers!

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