Sanctions (OFAC) Compliance Infrastructure Advisory
Designed for Financial Institutions and Corporate Entities
Office of Foreign Assets Control (OFAC)
Bureau of Industry and Security (BIS)
OFAC Program Management
Representative Activities
Assessed organizational OFAC and BIS risk exposure to customers, suppliers, and third-party providers within current infrastructure, determined compliance requirements, developed and implemented risk-based programs in alignment with the organization’s risk tolerance.
Sanctions / OFAC Program Management – Developed prioritized roadmap, developed and built a comprehensive sanctions program that aligns with “A Framework for OFAC Compliance Commitments.” Activities included:
- Managed RFP process selection of research and screening tool(s), and list provider(s)
- Identified technology gaps, developed remediation plans, interim processes, and sponsored IT initiatives to implement long-term solutions
- Partnered with enterprise business units to update policies, procedures, and new technology tools
- Evolved sanctions program beyond name screening to proactively recognize sanction risks from products and customers
- Assessment programs for new product development
- Optimized screening systems with third-party tools to balance true and false-positive alerts