central florida: Office of Foreign Assets Control, Where Is My Money?
- 12/01/15 09:27 AM
My Buyer recently closed the sale of a property owned in New York. The proceeds were to be transmitted via wire transfer to a bank account that she maintains here. We waited, and waited and waited; the agent transfererred the funds but they magically disappeared in the banking system. The transferor bank was searching, the transferee bank was searching, and after numerous days, located the funds in an inaccessible account managed by none other than the OFFICE OF FOREIGN ASSETS CONTROL or (OFAC) for short. In case you have never heard of them (and I had not), … (3 comments)
My Buyer recently closed the sale of a property owned in New York. The proceeds were to be transmitted via wire transfer to a bank account that she maintains here. We waited, and waited and waited; the agent transfererred the funds but they magically disappeared in the banking system. The transferor bank was searching, the transferee bank was searching, and after numerous days, located the funds in an inaccessible account managed by none other than the OFFICE OF FOREIGN ASSETS CONTROL or (OFAC) for short. 
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