Recently, Sister Anne received a lot of inquiries from American sellers, claiming that their fund accounts were frozen by Amazon in the United States and asked to provide proof of OFAC. In fact, as early as the beginning of last year, many sellers and friends have been recruited on this one after another, and the frozen funds are also quite large.
What is OFAC? Sellers who have followed our official account should not feel unfamiliar. [ Previously, our official account article has introduced OFAC in detail. You may wish to know: Cross-border seller Amazon account funds are frozen by OFAC? Is it related to the U.S. Treasury Department? 】
To put it simply, OFAC assists the Office of the President of the United States and the National Security Agency in freezing and controlling assets involved in violations, and this freezing does not require any court or administrative agency.
In many cases, the seller's funds are not actually frozen by OFAC, but are more frozen by Amazon or banks. However, in order to protect itself, Amazon must apply for a certificate from OFAC to unfreeze it.
To apply for an OFAC certificate, the logic, documentation and communication must be clear and well-organized, which is enough to self-certify. It is not something that ordinary sellers or agents can easily do.
Last year, in response to the case of providing OFAC certificates to Amazon, the team of professional accountants and tax accountants in the United States (all with years of experience in communicating with the US Internal Revenue Service, Banks, Finance Department and other departments), successively represented a number of Amazon with closed accounts. The seller communicated with the U.S. Department of the Treasury, completed the unblocking of the capital account for a number of Amazon sellers, and successfully applied for the license. The success rate can be said to be 100%! [ Our official account has also published an article: USD 390,000 & 260,000! ! US Amazon sellers have been unblocked by OFAC frozen account funds & Amazon seller friends, have you unblocked account funds frozen by US OFAC? 】
For a long time, how to unblock the funds is the most concerned issue for everyone. After all, the money that is in vain lies in Amazon's account and cannot be moved, which is really distressing. So, how do we achieve unblocking? In fact, you can follow these steps:
Apply for OFAC License.
Professionals should be invited to do this step, integrate the document chain, write a logical and clear English letter to OFAC, and apply for a certificate. If you need it, you can find the team of Uncle Ken and Sister Anne. We have experience in this area. If once you encounter your legal person and company, and it is indeed on the SDN list, we also have tax lawyers who can go to court to help you.
Communicate with the bank.
Communicate with Amazon.
Steps 2 and 3, in the process of applying for OFAC License, and after the application is successful, all need to be done by people in the United States who are familiar with the needs of banks and Amazon. In our service, this part is included, you can rest assured to leave it to us.
If you have such needs, please contact us as soon as possible!