Recently, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) published “A Framework for OFAC Compliance Commitments” to help organizations take a risk-based approach to developing a sanctions compliance program. The guidance was the first of its kind and gives organizations some clear expectations surrounding sanctions compliance success.
Join the Association of Certified Sanctions Specialists (ACSS) and CSI for this informative webinar explaining what this guidance means for your organization, as well as some of the enforcement actions already issued by OFAC.
Key Learning Points:
- Dive into the five essential components, outlined by OFAC, of a risk-based sanctions compliance program
- Real-life implementation tips for incorporating these components into your business practices and existing policies/programs
- Examples of OFAC enforcement actions and how to avoid being on the wrong side of these penalties