How long do I need to keep records for OFAC?

 

OFAC Attorney: A person engaging in any transaction that is subject to U.S. economic sanctions must keep full and accurate records of each such transaction for a period of five years from the date of the transaction. People or businesses that are holding blocked property must keep full and accurate records regarding such property for the entire time the property is blocked and for five years after the property has been unblocked.

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