OFAC Compliance Sanctions Resources

24 September 2024 | Industry Intel

Below are key resources and recent guidance related to OFAC compliance, sanctions programs, and risk mitigation.

Compliance Program Essentials

A significant number of sanction-related enforcement actions could be avoided by putting in place the elements discussed in the guidance linked below.  Specifically, the following core elements include:

  • engagement from senior management
  • risk assessment
  • internal controls
  • testing
  • training

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