Revised: September 30, 2014
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.