OFAC Releases Video Guidance on Blocked Funds
The Office of Foreign Assets Control last week released another video in its ongoing effort to provide guidance on U.S. sanctions programs and rules. The latest episode, released July 12, features guidance on “what it means when funds are blocked in connection with OFAC sanctions, as well as recommended steps for what to do if your funds have been blocked.”
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The agency has released other videos on U.S. sanctions regimes and a tutorial on how to use OFAC’s Sanctions List Search Tool (see 2401190016, 2307280070 and 2308280047).