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When may Office of Foreign Assets Control (OFAC) sanctioned-related transactions be allowed that would otherwise...

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When may Office of Foreign Assets Control (OFAC) sanctioned-related transactions be allowed that would otherwise be prohibited?

A.

When the bank's board of directors approves the OFAC risk appetite for sanction-related transactions

B.

Through an OFAC licensing process to determine that the transaction does not undermine the US policy objectives

C.

Only when the federal banking regulator provides OFAC approval before the transactions are processed

D.

After going through a robust internal OFAC audit process that reviews sanction-related risks

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