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Under Office of Foreign Assets Control (OFAC) rules, a financial institution managing blocked funds:

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Under Office of Foreign Assets Control (OFAC) rules, a financial institution managing blocked funds:

A.

can debit the account for standing checks or bills without prior OFAC authorization.

B.

is strictly prohibited from deducting service charges from the account for an issued credit card.

C.

can charge interest from a frozen account on a loan or credit card without a license from OFAC.

D.

must place the funds in an interest-bearing account without the need for preauthorization from OFAC.

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