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OFAC Publishes Compliance Guidance on US Sanctions

[fa icon='calendar'] 28-Jun-2019 12:46:00 / by Philip Creed posted in Compliance, fincrime, sanctions, ofac

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For the first time, the US Office of Foreign Assets Control (OFAC) has reached out to provide guidance to firms on creating and maintaining an effective sanctions risk mitigation framework. The guidance is primarily based on the essential criteria which OFAC regards as the tools necessary for firms to achieve their business aims, whilst also mitigating the inherent sanctions risks facing them.

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