Sanctions compliance is no longer limited to government list screening. The essential components for a sanctions program are set forth in the May 2019 OFAC Compliance Commitments, though other guidance warns of risks involving the use of front and shell companies, deceptive practices, and evasion on the high seas. Sanctions-related enforcement actions today target not only banks but insurers, software providers and other corporates.
In this session our experts explore:
- Regulatory expectations and scrutiny: deep dive into the key components of the OFAC framework
- Lessons learned from recent OFAC enforcement actions: practical case studies and key takeaways
Hear Kharon, Accuity, and guest speakers explore these points, examine real life case studies, and discuss best practices for enhancing both effectiveness and efficiency in risk screening.