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U.S. Economic Sanctions

Learn important information about Economic Sanctions.

 

 

Important Information about Economic Sanctions

BankFund is established under and is fully subject to the laws and regulations of the United States, including but not limited to laws and regulations governing U.S. economic sanctions towards various entities, individuals,
and countries.

The U.S. Office of Foreign Assets Control (OFAC) administers and enforces economic sanctions programs primarily against countries and groups of individuals, such as terrorists and narcotics traffickers. U.S. economic sanctions and regulations are subject to change. Among other things, these sanctions and regulations prohibit and restrict access to certain financial services to include the ownership of accounts and movement of funds.


What this means for you

Membership
BankFund is prohibited from banking individuals subject to sanctions programs or individuals located in certain countries subject to sanctions programs.
 
Travel
If you are traveling to or through countries subject to US economic sanctions, your BankFund accounts and services may be impacted. Members are advised to have sufficient resources to accomplish travel in the event of service disruptions or restrictions.

NOTE: Disruptions and restrictions are not necessarily imposed by BankFund. For example, plastic card services may be unavailable due to lack of terminals or digital banking may be unavailable due to firewalls imposed by a third-party.


Additional Resources

For additional information about Sanctions Programs and Country Information, visit the OFAC website.

The U.S. Department of State publishes current travel alerts and warnings that may also include information on
currency restrictions.