FAC Ref: Gen-155913 (ACH Unbatching Guidance) (041214-FACRL-GN-02)

Date issued: Mar. 20 1997

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TURBOFAC Commentary (63 words)

Notes:

1) Precursor guidance to Guidance to National Automated Clearing House Association (NACHA) on domestic and cross-border ACH transactions (2004) (GEN-235613). The understanding concerning the screening of batched domestic payments is presumably still valid. Other guidance letters to NACHA address the international issues. See also Letter from OFAC to Nacha re: Rejecting IAT Transactions (2009) and ii) FAC No. GEN-594137.