On August 2, 2024, OFAC announced changes to its Compliance Hotline. TCA recommends that financial institutions review their policies and procedures related to OFAC to remove references to OFAC’s retired contact methods.
On August 16, 2024, OFAC retired the Compliance Hotline email of [email protected]
On December 31, 2024, the Compliance Hotline telephone numbers of (800) 540-6322 and (202) 622-2490 will be retired.
In the same press release OFAC announced the contact information for the Compliance Hotline going forward. This information should also be updated in policies and procedures.
- Effective January 1, 2025, the Compliance Hotline will now be accessed via a homepage: OFAC Compliance Hotline | Office of Foreign Assets Control (treasury.gov)
See the full press release here: Important Announcement for Users of OFAC’s Compliance Hotline (govdelivery.com)
These changes do not impact OFAC’s instructions regarding how to report blocked or rejected property/transactions or file Annual Reports of Block Property (ARBP): OFAC Reporting System | Office of Foreign Assets Control (treasury.gov)
TCA is A Better Way to stay up to date with compliance, AML/CFT, CRA, and Fair Lending requirements. Contact us at (800) 934-7347 or by email at [email protected].
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