OFAC and Faster Payments: FedNow® & RTP®
Sanctions screening was built for a batch world. Instant payments do not wait.
104 pages showing how OFAC compliance actually works when settlement takes seconds, from screening technology to what to do with a hit.
What you get, across eight chapters:
- OFAC and faster payments, and the risk factors specific to instant payment systems
- Emerging sanctions compliance technologies for real time screening
- The FedNow Accept Without Posting (ACWP) procedure and OFAC under the RTP operating rules
- Handling a hit, step by step, plus a final exam
- Built on OFAC's Sanctions Compliance Guidance for Instant Payment Systems, still the operative guidance
For BSA and OFAC officers, compliance teams, and risk managers at institutions live on FedNow or RTP, or preparing to be.
Instant PDF download. Copies for the whole institution? See PaymentsProfessor.com/licensing.
License and permitted use. This purchase is a single user license. It covers one named individual at one organization.
It does not cover posting the file to a shared drive, intranet, or learning management system; forwarding or emailing it to colleagues; printing it for distribution; or use by a second legal entity, subsidiary, or member institution.
Need it for a team? Five and ten user licenses are available for every title, and institutional licenses cover unlimited internal staff at one financial institution. See licensing and rates.
