HR 6370
OFAC Licensure for Investigators Act
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Bill overview
This bill aims to help private sector firms investigating potential sanctions violations by establishing a pilot program with the Office of Foreign Assets Control (OFAC). Under this program, firms could receive a license to conduct small, nominal financial transactions as part of their investigations. The program would require firms to regularly report their activities to OFAC, ensuring transparency and oversight. This would assist firms in their efforts to identify and report suspicious financial activity related to sanctions.
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