Have I Thought of Everything When It Comes to OFAC?

This is one of those questions that keep OFAC Officers up at night.¬†Due to the complexity of¬†the¬†OFAC¬†sanctions and¬†the scope of application,¬†it is¬†a challenge to create a robust program and think of everything. However,¬†with the¬†potential¬†of fines with even one violation,¬†and the size¬†of fines being issued for multiple violations,¬†it¬†is imperative that financial institutions have a¬†strong¬†OFAC program.¬†A¬†strong¬†program must […]

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