Ofac requires depository institutions that hold blocked property to file annual reports by of the current year by September 30.
How can Ofac control depository institutions?
The Office of Foreign Assets Control whic his is a ministry in the united states are in charge of the enforcement of economic and trade sanctions on depository institutions.
This is is term with the US foreign policy and national security goals towards the terrorists, international narcotics traffickers or other activities that are not accepted.
Hence, they requires depository institutions that hold blocked property to file annual reports.
THE COMPLETE QUESTION IS ;
Ofac requires depository institutions that hold blocked property to file annual reports by what?
Learn more on depository institutions at :https://brainly.com/question/14184550
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