Common use of Optional OFAC Scan for Funds Transfers Clause in Contracts

Optional OFAC Scan for Funds Transfers. Member may choose to use Xxxxxx’s OFAC scanning services to review its Payment Orders that are subject to OFAC regulations. This does not replace Xxxxxx’s OFAC due diligence for reviewing every Payment Order processed through the system. By each use of the service, Member (re)affirms that it is familiar and agrees to fully comply with the rules and regulations promulgated by OFAC and the U.S.

Optional OFAC Scan for Funds Transfers. Member may choose to use Xxxxxx’s OFAC scanning services to review its Payment Orders that are subject to OFAC regulations. This does not replace Xxxxxxcredit union’s OFAC due diligence for reviewing every Payment Order processed through the system. By each use of the service, Member (re)affirms that it is familiar and agrees to fully comply with the rules and regulations promulgated by OFAC and the U.S.