Sanction Screening

Recent OFAC Actions, Penalties and New Video Series

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With the turmoil in the world and the ongoing activities of bad actors, the U.S. Treasury Department’s Office of Foreign Assets Control (OFAC) has been busy in 2023. Along with nearly constant updates to sanction lists, OFAC has penalized nine companies and one individual for violations to date in 2023. It has issued ten penalties, … Recent OFAC Actions, Penalties and New Video Series

How to Automate Sanctions Screening

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Screening suppliers against lists of sanctioned businesses, individuals and entities is a critical part of the vendor management process. Sanctions are typically imposed by governments and international bodies, such as the United Nations (UN), to achieve foreign policy objectives, combat terrorism, prevent money laundering or address human rights concerns. The Office of Foreign Assets Control … How to Automate Sanctions Screening