OFAC Compliance

Requirements

You must:

• maintain effective OFACOFACU.S. Treasury Department, Office of Foreign Assets Control. compliance procedures;
• monthly screen all PersonsPersonsLegal person, including an individual, estate, trust, corporation, partnership, limited liability company, financial institution, joint venture, association, or other organization or entity (whether governmental or private). per Part I, Chapter 3: Borrower, Guarantor, Key Principals, and Principals, Section 308: Compliance; and
• within 24 hours, report any sanctioned or blocked PersonPersonLegal person, including an individual, estate, trust, corporation, partnership, limited liability company, financial institution, joint venture, association, or other organization or entity (whether governmental or private). to Lender Risk ManagementLender Risk ManagementTeam that can be contacted at [email protected] .