COMPLIANCE

OFAC

The US Treasury's Office of Foreign Assets Control (OFAC) administers laws that impose economic sanctions against hostile foreign countries and dangerous individuals, such as terrorists and narcotics traffickers, to further US foreign policy and national security objectives. All US businesses are responsible for complying with OFAC regulations, which restrict transactions by US companies with designated countries and individuals.

GCG has established an internal compliance procedure, including running an OFAC report under the auspices of our General Counsel's office, to screen every check we issue to detect and review suspect transactions before they are processed.


Daniel Lane
Vice President, Audit & Compliance
631-470-5000

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