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Where does it say customers are not allowed to be notified? For example: > 41. Should an institution tell its customer that it blocked their funds, and, if so,
by miracle2k 4y ago
Where does it say customers are not allowed to be notified? For example:
> 41. Should an institution tell its customer that it blocked their funds, and, if so, how does the institution explain it to them?
> An institution may notify its customer that it has blocked funds in accordance with OFAC's instructions. The customer has the right to apply for the unblocking and release of the funds.
https://home.treasury.gov/policy-issues/financial-sanctions/faqs/topic/1601 https://home.treasury.gov/policy-issues/financial-sanctions/...