diff --git a/CHANGELOG.md b/CHANGELOG.md
index c258871d..43c1fb0d 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -2,7 +2,11 @@
 
 All notable changes to this project will be documented in this file.
 
-## [1.7.0] - 2024-09-18
+## [1.7.1] - 2024-09-24
+### Fixed
+- Fixed logic to get the absolute ofac.json file path
+
+## [1.7.0] - 2024-09-19
 ### Added
 - Added OFAC restricted addresses validations
 
diff --git a/pyinjective/ofac.py b/pyinjective/ofac.py
index 75147e97..7a98239b 100644
--- a/pyinjective/ofac.py
+++ b/pyinjective/ofac.py
@@ -12,20 +12,17 @@
 class OfacChecker:
     def __init__(self):
         self._ofac_list_path = self.get_ofac_list_path()
-        if not os.path.exists(self._ofac_list_path):
+        try:
+            with open(self._ofac_list_path, "r") as f:
+                self._ofac_list = set(json.load(f))
+        except Exception as e:
             raise Exception(
-                "OFAC list is missing on the disk. Please, download it by running python3 pyinjective/ofac_list.py"
+                f"Error parsing OFAC list. Please, download it by running python3 pyinjective/ofac_list.py ({e})"
             )
 
-        with open(self._ofac_list_path, "r") as f:
-            self._ofac_list = set(json.load(f))
-
     @classmethod
     def get_ofac_list_path(cls):
-        current_directory = os.getcwd()
-        while os.path.basename(current_directory) != "sdk-python":
-            current_directory = os.path.dirname(current_directory)
-        return os.path.join(os.path.join(current_directory, "pyinjective"), OFAC_LIST_FILENAME)
+        return os.path.join(os.path.dirname(__file__), OFAC_LIST_FILENAME)
 
     @classmethod
     async def download_ofac_list(cls):
diff --git a/pyproject.toml b/pyproject.toml
index 7846c94a..9f6c5a36 100644
--- a/pyproject.toml
+++ b/pyproject.toml
@@ -1,6 +1,6 @@
 [tool.poetry]
 name = "injective-py"
-version = "1.7.0"
+version = "1.7.1"
 description = "Injective Python SDK, with Exchange API Client"
 authors = ["Injective Labs <contact@injectivelabs.org>"]
 license = "Apache-2.0"