ACH OFAC Policy

The US Treasury Department’s Office of Foreign Assets Control (OFAC) administers economic sanctions and embargo programs that require the freezing of assets and transactions involving interests of target countries, target country nationals, and other specifically identified companies and individuals. As with all payment mechanisms, the ACH Network is subject to the requirement to comply with OFAC-enforced sanctions policies.

Agencies will not be able to send International ACH transactions to foreign banks as Accounts Payable transactions for any corporate or non-consumer payment through the State Accounting System or any interfaces. Please contact the State Treasurer’s Office if a vendor that banks in a foreign country is requiring your agency to remit funds via ACH.