How often do I need to scan my customer database for SDNs?How often do I need to scan my customer database for SDNs?
The frequency of running an OFAC scan must be guided by your internal bank policy and procedures. Keep in mind, however, that if your bank fails to identify and block a target account (of a terrorist, for example), there could be The frequency of running an OFAC scan must be guided by your internal bank policy and procedures. Keep in mind, however, that if your bank fails to identify and block a target account (of a terrorist, for example), there could be “real world” consequences such as a transfer of funds or other valuable property to an SDN, an enforcement action against your bank, and negative publicity.
