Previously Used Routing Number
A routing number that was once the primary routing number for an institution and since replaced, but still accepted for payments.
Related Terms
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Office of Foreign Assets Control (OFAC)
Office of Foreign Assets Control. A US regulatory Agency that is responsible for monitoring funds held or transferred to illegal entities. The OFAC list is a list of companies/individuals that should be prevented from sending/receiving...
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Red Flag
A potentially suspicious or money laundering situation raises a Red Flag or warning signal.
