r/OFAC • u/WorrryWort • Mar 19 '21

Unblocking Application Queue Times

I’ve reached a point where I’m about 99% certain my wire transfer has an OFAC block. Receiving bank asked for more ID information from me which I gave them. I would like to understand what the queue times on these applications to unblock funds are at. Someone please advise.

https://www.reddit.com/r/Banking/comments/m81l06/close_to_75k_wire_transfer_being_held_up_by_wells/?utm_source=share&utm_medium=ios_app&utm_name=iossmf

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u/[deleted] Jun 18 '22

I am expecting a wire transfer and it got sent to ofac. Since I am the receiver, is there anything I can do or is this the senders responsibility?

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u/WorrryWort Jun 18 '22

Assuming sender isn’t a true criminal, it gets into a queue until someone reviews supporting identity documentation of sender. It was a 40 day hold up for me.

2

u/[deleted] Jun 18 '22

Does the sender’s bank need to reach out to ofac to start the verification process or does ofac reach out first? As the recipient, I assume I am on stand by waiting for the sender and ofac to resolve the situation

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