The overriding goal of the 2002 National
Money Laundering Strategy (issued by the US Treasury and US
Justice Departments) is to deny terrorist groups access to
the international financial system, to impair the ability
of terrorists to raise funds, and to expose, isolate and incapacitate
the financial networks of terrorists. If you do not have systems
in place to prevent this, you may be part of the problem!
If you are a financial institution, as defined by the Bank
Secrecy Act or the USA PATRIOT Act, then you are subject to
the USA PATRIOT Act. If you are doing any commerce, then you
are subject to OFAC.
Compliance Associates can provide you with OFAC compliance.
In addition, for a minor extra fee, we will also advise you
of any notices of seizure (NOS (DEA, FBI, USPS, Secret Service)).
We will also notify you if any of your accounts are held by
customers who are heads of state (COS), or have other politically
sensitive positions. We will advise you if any accounts that
you had submitted to us previously get added to our OFAC/NOS/COS
database in the future. This provides full coverage on FINCEN
Contact us to see how Compliance
Associates can assist you with your compliance needs.