Compliance Information
OFAC Risk Matrix and Compliance Guidance
OFAC officials provided more detailed guidance and explanation of compliance recommendations and interpretations on a Dec 5, 2006 teleseminar for NACHA. This document combines original guidance on domestic transactions established in 1997, along with fresh guidance.
The ACH Network and OFAC Compliance
NACHA has published a free document "The ACH Network and OFAC Compliance". Please take the time to download this document to assist your organization in remaining compliant with OFAC.
Additional Risk Management and Compliance Information
OCC Bulletin 2006-39, Automated Clearing House Activities, September 1, 2006 (see http://www.occ.treas.gov/ftp/bulletin/2006-39.pdf);
FFIEC’s BSA/AML Examination Manual, 2007 edition (see http://www.ffiec.gov/bsa_aml_infobase/documents/BSA_AML_Man_2007.pdf, pages 199 through 205);
OCC Bulletin 2008-12, Payment Processors, April 24, 2008 (see http://www.occ.treas.gov/ftp/bulletin/2008-12.html);
FDIC Financial Institution Letter 127-2008, Payment Processor Relationships, November 7, 2008 (see http://www.fdic.gov/news/news/financial/2008/fil08127.html)
FFIEC Guidance on Risk Management of Remote Deposit Capture, January 14, 2009 (see http://www.ffiec.gov/pdf/pr011409_rdc_guidance.pdf).