Office of Foreign Assets Control Compliance. Within 60 days of this Agreement, the Bank and the Branch shall jointly submit a written plan to enhance the Branch’s compliance with the OFAC Regulations acceptable to the Supervisors. At a minimum, the plan shall include:
Office of Foreign Assets Control Compliance. Within 60 days of this Agreement, the Bank and the Branch shall jointly submit a written plan to enhance the Bank’s compliance with the OFAC Regulations acceptable to the Supervisors, including, but not limited to, enhanced OFAC screening procedures, documentation of alert review and disposition, an improved methodology for assessing OFAC risks, and enhanced policies and procedures to ensure compliance with the OFAC Regulations. Regulatory Communications
Office of Foreign Assets Control Compliance. Within 60 days of this Agreement, SSC and the Bank shall jointly submit a plan to ensure firmwide compliance with the OFAC Requirements acceptable to the Supervisors including, but not limited to, enhanced OFAC screening procedures.
Office of Foreign Assets Control Compliance. You represent that you are aware of and comply with the United States regulations administered by the Treasury Department’s Office of Foreign Assets Control (“OFAC”) which prohibit, among other things, the engagement in transactions with, holding the securities of, and the provision of services to certain embargoed foreign countries and specially designated nationals, specially designated narcotics traffickers, terrorists, supporters of terrorism and other prohibited parties. You also agree to provide for screening your new and existing customers against the OFAC list and any other government list that is or becomes required under the AML Laws. You further represent that you have implemented procedures, and will consistently apply those procedures, to demonstrate the foregoing representations and warranties remain true and correct at all times.
Office of Foreign Assets Control Compliance. Elavon and Member are entities governed by the Laws of the United States of America and as such, neither Elavon nor Member may provide any products or services to Merchant or its Customers that contravene the Laws of the United States of America, including, without limitation, the Laws promulgated by the United States Department of the Treasury’s Office of Foreign Assets Control (“OFAC”) or any successor thereto.
Office of Foreign Assets Control Compliance. For a Sponsored Merchant operating in the United States, Sponsored Merchant acknowledges that Elavon and Member are entities governed by the Laws of the United States and as such, cannot provide any products or services to Sponsored Merchant or its customers that contravene the Laws of the United States, including the Laws promulgated by OFAC or the United States Department of the Treasury or any successor thereto.
Office of Foreign Assets Control Compliance. Grantee represents to County that: (a) Grantee and each of the Grantee Representatives are not acting, and shall not act, directly or indirectly, for or on behalf of any person, group, entity, or nation named by any Executive Order or the United States Treasury Department as a terrorist, “Specially Designated National and Blocked Person,” or other banned or blocked person, entity, nation, or transaction pursuant to any law, order, rule or regulation enforced or administered by the federal Office of Foreign Assets Control; and (b) Grantee, and the Grantee Representatives, are not engaged in this transaction, directly or indirectly, on behalf of, or instigating or facilitating this transaction, directly or indirectly, on behalf of any such person, group, entity, or nation.
Office of Foreign Assets Control Compliance. Landlord represents to County that: (a) Landlord is not acting, and shall not act, directly or indirectly, for or on behalf of any person, group, entity, or nation named by any Executive Order or the United States Treasury Department as a terrorist, “Specially Designated National and Blocked Person,” or other banned or blocked person, entity, nation, or transaction pursuant to any law, order, rule or regulation enforced or administered by the federal Office of Foreign Assets Control; and (b) Landlord is not engaged in this transaction, directly or indirectly, on behalf of, or instigating or facilitating this transaction, directly or indirectly, on behalf of any such person, group, entity, or nation.
Office of Foreign Assets Control Compliance. Within 60 days of this Agreement, the Bank and the New York Branch shall jointly submit to the Supervisors an acceptable written plan designed to enhance the New York Branch’s compliance with the Office of Foreign Assets Control’s (“OFAC’s”) regulations (31 C.F.R. § 500 et seq.), as well as any guidelines issued or administered by OFAC. At a minimum, the written plan shall include:
