If your DLC sends more than 20 invoices per month, you might consider setting up an automated process with Accounts Receivable (AR) and IS&T.
The U.S. Treasury Department’s Office of Foreign Asset Control (OFAC) maintains a list of Specialty Designated Nationals and Blocked Persons (the SDN List), which includes embargoed countries, known terrorist organizations, and other groups. Certain types of financial transactions must first be screened against this list. VPF Accounts Receivable can help assure compliance with OFAC regulations through the use of specialized software.
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The U.S. Treasury Department’s Office of Foreign Asset Control (OFAC) maintains a list of Specialty Designated Nationals and Blocked Persons (the SDN List), which includes embargoed countries, known terrorist organizations, and other groups. Certain types of financial transactions must first be screened against this list. VPF Accounts Receivable can help assure compliance with OFAC regulations through the use of specialized software.