News Column

Combine Solicitation - ABARRS Data Subscription

May 23, 2014

Notice Type: Combine Solicitation

Posted Date: 22-MAY-14

Office Address: Department of the Treasury; Internal Revenue Service (IRS); National Office Procurement (OS:A:P); 6009 Oxon Hill Road, Suite 500 Oxon Hill MD 20745

Subject: ABARRS Data Subscription

Classification Code: D - Information technology services, including telecommunications services

Solicitation Number: RFQA14065

Contact: Mark C. Green, Contracting Officer, Phone 2406138444, Email

Description: Department of the Treasury

Internal Revenue Service (IRS)

National Office Procurement (OS:A:P)

The United States Treasury Department Office of Foreign Assets Control (OFAC) currently maintains a public-facing, electronic reporting system. This system, known as the Automated Blocking and Reject Reporting System or ABARRS allows financial institutions all over the world to submit reports of blocked and rejected transactions to OFAC in a secure environment. The data in the ABARRS database is used by policymakers throughout the government to gauge the efficacy of economic sanctions. The data contained in the system is vital to the effective administration of the financial sanctions program OFAC licenses a dataset that includes information on all financial institutions worldwide to ensure that reports filed via ABARRS use a standard financial institution naming convention.


For more stories covering the world of technology, please see HispanicBusiness' Tech Channel

Source: FedBizOpps

Story Tools Facebook Linkedin Twitter RSS Feed Email Alerts & Newsletters