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Should an institution tell its customer that it blocked their funds, and, if so, how does the institution explain it to them?
An institution may notify its customer that it has blocked funds in accordance with OFAC's instructions. The customer has the right to apply for the unblocking and release of the funds. Information on OFAC's licensing procedures is available on the website. For a copy of the *.PDF application form for the unblocking of funds transfers (TD F 90-22.54), please direct your customer to this link.
Office of Foreign Assets Control (OFAC), U.S. Treasury Department
http://www.treas.gov/offices/enforcement/ofac/
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