Showing posts with label OFAC compliance terrorits internal audit controls. Show all posts
Showing posts with label OFAC compliance terrorits internal audit controls. Show all posts

Thursday, April 29, 2010

OFAC Compliance - Not as Easy as it Appears

OFAC compliance is tricky as:

1. Rules and customs vary from country to country, confusing companies entering global operations without adequate requirements preparation.

2. OFAC rules, along with the names on the SDN list, change often;

3. Third-party service providers and their own vendors may end up dealing with those OFAC prohibits.