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.
Published
2024/09/05