Sanctions / OFAC
SO-05Block a confirmed match and notify the sponsor bank within one hour
How Leela would run itEvent-driven · each confirmed match, on confirmation
From the policy libraryThe requirement
A confirmed OFAC match is blocked or frozen immediately and no further transactions are processed for the affected party. The sponsor bank is notified within one hour of confirmation, fastest channel first with written notice the same business day, and receives the complete workpaper. The sponsor bank makes the blocking determination, files the blocking report with OFAC within ten business days, and files the annual blocked-property report. No customer or counterparty is told until the bank has decided and agreed to disclosure, and the parties confirm in writing who executes each later step.
- Applies
- Tell Leela about your company to see whether this applies.
- Status
- Setup needed
Tell Leela how you handle it today, or hand it over: see what’s next.
The work
Block or freeze, stop all further processing for the party, send the confirmed-match notice and workpaper to the sponsor bank inside the hour, record the bank’s decision and filing, and hold all outside communication to agreed neutral language.
What Leela keepsThe evidence this obligation leaves, as the work happens
Listed from the policy libraryContents
- 01Block action recordTransaction or account, time blocked, who confirmed the match
- 02Sponsor bank confirmed-match noticeTime sent, channel, written follow-up, workpaper attached
- 03Division of steps logWritten confirmation of which party executes each subsequent step
Evidence
Block action record
Sanctions / OFAC §4.3, §4.4
3
of 3 records
The work and the records come from this obligation in the policy library.