ABA Banking Journal Guidance

OFAC launches online portal for self-disclosures of sanctions violations

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Use this page to get oriented quickly.

The brief below is a reading aid. The original source material and source link remain the governing reference.

Operational Brief

OFAC has created an online portal for voluntary self-disclosures of potential sanctions violations; this can be used by individuals and entities to report such issues.

Why It Matters for Texas Credit Unions

The article does not explicitly mention Texas, TX, TCUD, or any Texas-specific entities. It is a general announcement applicable to all credit unions nationwide.

Who this most likely affects

Bounded site guidance: This item is most likely relevant for credit unions with BSA/AML, fraud, or payments oversight responsibilities.

Why this fit: The source language points to anti-money-laundering, sanctions, fraud, or suspicious-activity obligations.

This is site guidance, not a formal determination. ABA Banking Journal and the original source material remain the governing reference.

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Original Source Material

The Office of Foreign Assets Control has launched an online portal for individuals to submit voluntary self-disclosures of potential violations of OFAC-administered sanctions programs. The post OFAC launches online portal for self-disclosures of sanctions violations appeared first on ABA Banking Journal .