Q. What is included in an OFAC check? I know we should be checking for the name/business of who we… Read More
Q. In your experience, what is the standard timing to OFAC screen a vendor once they have been set… Read More
Q. I checked a TIN, and the Name/TIN combination matched the IRS records, but the search returned… Read More
Q. If we periodically run supplier reports against the OFAC list, how long should we keep the file… Read More
Q. When we input the name of a new supplier on the OFAC website and search for all countries, the… Read More
Q. What standards or best practices should be used to distinguish between one time versus ongoing vendors? I have been provided with information in the past that most customer refund payments to an… Read More
Q. In what ways are foreign vendors handled differently from regular vendors, if any? Are there… Read More
If you haven’t heard of OFAC and don’t know what the SDN list is, your company could find itself facing significant fines. The Office of Foreign Assets Control is an agency of the U.S. Treasury… Read More

Q. (con't.) Should tax IDs be required internationally? If not, what means of identity verification

Read More

Subscribe to our Monthly Insider

You may unsubscribe from our mailing list at any time. Diversified Communications | 121 Free Street, Portland, ME 04101 | +1 207-842-5500