OFAC screening schedule

June 29, 2022
June 29, 2022


Q. In your experience, what is the standard timing to OFAC screen a vendor once they have been set up in the ERP system? Every 30 days? 60 days? I understand that the vendor should be screened as a part of the initial onboarding process, but post-setup, is there an industry standard used? A. (Addressed by Debra Richardson, a third-party Vendor Master File Advisor [https://www.debrarrichardson.com]. Debra's independent advisory services firm offers experienced and practical help to financial…

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