OFAC Reporting demo
Each blocked or rejected item as a custody chain, from hit to filed report, with the 10-business-day clock at its end 1:32
What the demo shows
Sanctions teams file OFAC blocked and rejected reports in 10 business days, and the annual one
Agents take each block or reject decision, count 10 business days without weekends and federal holidays from the event date, draft the report field by field with citations, prove every link of the item's custody chain against its system of record, tie blocked accounts to the general ledger each month-end, build the annual report in July and seal a 10-year record set. The BSA/OFAC Analyst prepares and the OFAC Officer approves and files; the officer sees exactly what the analyst changed from the draft.
Transcript
- OFAC Reporting helps sanctions teams file blocked and rejected reports on time.
- Each is due in ten business days, and kept ten years.
- Tessaly Community Bank rejected a $2,450 payment from Tehran on Friday, October 2.
- Its custody chain links hit, decision, return and report, each sourced.
- The clock skips Columbus Day: due Monday, October 19.
- An agent drafted all seven fields, each cited.
- Analyst Owen Tadros changed one; the officer sees it beside the draft.
- On day six, Officer Lena Marchetti approves and files it.
- The receipt returns; the record is sealed for ten years.
- Agents tie blocked funds to the ledger monthly, so the annual report is early.
- Nobody signs their own work, and the audit trail is ready for the examiner.
- Thirty-three reports this year, all within ten business days.
- Built on Botminds: agents, data, screens and governance on one platform.
The narration as written for the film. Captions are on the player.