Which test should be included in a bank's Office of Foreign Assets Control sanctions screening...

---Wire transfers are one of the most common methods of moving funds across borders and jurisdictions, and therefore pose a high risk of violating OFAC sanctions. A bank’s OFAC sanctions screening audit program should include a test to review the wire transfer screening processes to ensure that potential name hits are investigated promptly and appropriately, and that any blocked or rejected transactions are reported to OFAC in a timely manner. This test would help the bank to assess the effectivenessof its screening system, identify any gaps or weaknesses, and demonstrate its compliance with OFAC regulations.

A Framework for OFAC Compliance Commitments1, page 4, section 4: Testing and Auditing

OFAC Framework for Sanctions Compliance Programs2, page 2, section 4: Testing and Auditing

OFAC Sanctions List Search Tool3