FHFA Suspended Counterparty Program.

Federal Housing Finance Agency

The Suspended Counterparty Program was established by the Federal Housing Finance Agency (FHFA) to effectively mitigate potential risks that may arise for the Federal Home Loan Banks, commonly referred to as "regulated entities". The program is designed to identify and take action against individuals and entities with a history of engaging in fraudulent or dubious financial activities.

Consequently, suspended counterparties are prohibited from conducting any business transactions with the aforementioned regulated entities. Please note that the list provided exclusively features details of currently suspended individuals.

The suspension process commences when a regulated entity submits a report to the FHFA, outlining covered misconduct while demonstrating their awareness of the individual's actions. Upon review of the report, the FHFA will assign a punishment if deemed necessary. Although the duration of an individual's suspension varies, the maximum timeframe CI has reported is ten years.

It is essential to recognize that the search is conducted using an individual's name and date of birth, which may increase the likelihood of false positives. CI strongly recommends using other identity validation methods to confirm accurate data on a subject.

Furthermore, it is crucial to understand that the FHFA Suspended Counterparty List is not a database, and a search of this list is conducted via a CSV file that must be downloaded and manually searched each time.