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The Department of the Treasury’s OFAC released a framework for sanctions compliance that is applicable to U.S. organizations and foreign entities doing business in or with U.S. parties or goods and U.S. persons. The framework strongly encourages organizations to develop, implement and routinely update a Sanctions Compliance Program that includes five (5) essential components: management commitment, risk assessment, internal controls, testing and auditing and training.

Don't ignore sanctions screening requirements. Follow this checklist on how to mitigate your organization's financial and reputational risk.

Don’t Miss Out on Our Next Webinar: Navigating Sanctions & Watchlists 🚨 Join us next week for the third episode in our Supply Chain Spotlight series. In today’s global market, managing sanctions and watchlists is critical to protecting your organisation and supply chain from potential reputational and financial risks. Our special guest from the London Stock Exchange Group will walk you through the best practices and latest tools to help you stay compliant and avoid costly mistakes. 📅 Date: 25th October 2024 🕑 Time: 11:00 BST Topics include: 🔍 Effective sanctions screening 📊 Managing watchlists 🔐 Mitigating risks across your supply chain Secure your spot now and get ready to level up your compliance strategies... Register here: https://loom.ly/lq0LEGI #SupplyChain #Compliance #Sanctions #RiskManagement #AchillesWebcast

Don’t Miss Out on Our Next Webinar: Navigating Sanctions & Watchlists🚨 Join us next week for the next episode in our Supply Chain Spotlight series. In today’s global market, managing sanctions and watchlists is critical to protecting your organisation and supply chain from potential reputational and financial risks. Our special guest from the LSEG (London Stock Exchange Group) will walk you through the best practices and latest tools to help you stay compliant and avoid costly mistakes. 📅 Date: 23rd October 2024 🕑 Time: 10:30 PST Topics include: 🔍 Effective sanctions screening 📊 Managing watchlists 🔐 Mitigating risks across your supply chain Secure your spot now and get ready to level up your compliance strategies! Register here: https://loom.ly/lq0LEGI #SupplyChain #Compliance #Sanctions #RiskManagement #AchillesWebcast

As global supply chains face scrutiny, managing third-party risk is critical. Our upcoming webinar covers trends in due diligence, DOJ’s use of UFLPA, global regulations, sanctions & best practices for compliance. Join us to stay ahead and minimize risks.

As global supply chains face scrutiny, managing third-party risk is critical. Our upcoming webinar covers trends in due diligence, DOJ’s use of UFLPA, global regulations, sanctions & best practices for compliance. Join us to stay ahead and minimize risks.

What should a sanctions risk assessment look like? Generally, we consider it best practice to mirror the requirements of the MLR2017. This sets out various risk factors to consider. These are: - your firm's customers - the countries or geographic areas in which you operate - the products or services which your firm provides - your firm's transactions - how your firm's products and services are delivered. Read more about assessing your firm's exposure to risks associated with the UK's sanctions regime here: https://bit.ly/49gfgA1

A recent $3.7 million settlement by a global financial firm highlights the importance of comprehensive OFAC screening processes to mitigate sanctions risks. Read our article to understand how businesses can navigate the complexities of OFAC compliance.

As global supply chains face scrutiny, managing third-party risk is critical. Our upcoming webinar covers trends in due diligence, DOJ’s use of UFLPA, global regulations, sanctions & best practices for compliance. Join us to stay ahead and minimize risks.

As global supply chains face scrutiny, managing third-party risk is critical. Our upcoming webinar covers trends in due diligence, DOJ’s use of UFLPA, global regulations, sanctions & best practices for compliance. Join us to stay ahead and minimize risks.