OFAC Screening for Wires

To understand and better serve your needs, WesCorp would like to hear from you about your use of, and potential interest in, OFAC/BSA scanning products for wires. Your input will help us evaluate how we can improve our product offerings, making them more valuable to your credit union. This will only take about 5 minutes to complete. Thank you for your time and input!

Does your credit union have policies and procedures for complying with OFAC regulations?

Yes

No

Has your credit union designated a person to be responsible for overseeing compliance with the OFAC regulations and any blocked funds?

Yes

No

What is the name of the person responsible for overseeing OFAC regulations and any blocked funds?

Does your credit union have a current listing of:

How does your credit union primarily check to make sure that it is meeting OFAC regulations?

Manually check against a paper listing

Subscribe to online service providers

What service provider do you use for your daily OFAC screening process?

For your online service provider subscription, do you pay a usage fee or do you have a fixed monthly fee?

Pay a usage fee

Pay a fixed monthly fee

Other

For wire transfers, does your credit union check OFAC listings for:

	Yes	No
Prohibited wire transfer senders

Prohibited wire transfer receivers

How does your credit union document the comparison of wire transfer senders and receivers against OFAC listings?

Does your credit union determine OFAC business rules for potential hits against the OFAC listing?

Yes

No

How do your employees primarily remain vigilant to potential OFAC-blocked activities?

Routine training/testing

Application updates on OFAC regulations

Through Compliance Department

Other

If WesCorp provided OFAC screening as wires are entered into Member Center, what pricing structure would you most prefer?

Increased wire fee to pay for the service

Pay for usage

Fixed monthly fee

Not interested in WesCorp providing OFAC screening as wires are entered into Member Center