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OPRPM Form 95 Rev. 01/2004 Memorandum To Name of Fiscal Officer From Name of Principal Investigator Department Head Administrator Subject Determination of Cost or Price Reasonableness Item or Service to be Acquired Vendor Amount Purchase Order/Contract No. This expenditure is being made under the following condition Sole Source OPRPM Form 65 should also be attached Emergency procurement where only one quote is received Competitive bidding where o...
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OPRPM stands for Office of Foreign Assets Control's (OFAC) Pre-Compliance Review Meeting.
OFAC recommends that individuals and entities subject to or potentially subject to OFAC regulations file OPRPM to ensure compliance with sanctions requirements.
To fill out OPRPM, individuals and entities should provide detailed information about their business activities, including information about transactions with sanctioned countries or individuals.
The purpose of OPRPM is to allow individuals and entities to proactively review their compliance with OFAC regulations and identify any potential issues before they arise.
OPRPM should include information about the individual or entity's ownership structure, business activities, and any transactions with sanctioned countries or individuals.
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