The April 4, 2017, chemical attack on innocent civilians in Syria was reprehensible and should not go ignored. You may think 
there’s nothing you can do. Oh, but there is!
On April 24, 2017, OFAC made one of its largest actions in history in response to this tragedy. 271 employees of Syria’s Scientific Studies and Research Center (SSRC) were designated for assisting, sponsoring, supporting, or acting for or on behalf of the Syrian government. The SSRC is the Syrian government agency that is responsible for developing, producing and delivering non-conventional weapons
This is where you, as an individual and an institution are called to action. Any property, or interest in property of the designated persons, that is in the possession or control of U.S. persons, or within the United States must be blocked. In general, U.S. persons are prohibited from dealing with these designated individuals through your financial institution.
Take the responsibility seriously. Sometimes banking regulations may seem like just another burden and another task, but we truly are in the best position to help combat such acts as these and to aid in the fight against terrorist financing and money laundering in general.
Published
2017/05/05
Deb Irving
Deb joined Banker’s Compliance Consulting with twenty years of experience in the banking industry. Her past positions include teller, credit review analyst, assistant financial officer, BSA Officer, Compliance Officer, and Director of Compliance. She has worked for both a small community bank and a large billion-dollar bank.
Deb has Associate Degrees in Business Management and Accounting. She is a graduate of the American Bankers Association National Graduate School of Compliance Management, an honors graduate of Schools of Banking Compliance School, and a graduate of Schools of Banking Advanced School of Banking. Deb’s considerable knowledge and experience make her a valuable member of the Banker’s Compliance Consulting Team. Deb is a Certified Regulatory Compliance Manager (CRCM) and a Certified Anti Money-Laundering Specialist (CAMS).
Deb loves to spend her free time cycling, running, kayaking and weight lifting with her husband. Between them, they have three adult children and six grandchildren. Other interests include anything outdoors and anything she hasn’t done or seen yet!