OFAC and Sanctions Compliance

We recognize that the sanctions landscape is evolving and becoming more challenging and complex than ever before:

Increasing globalization means financial institutions are generally exposed to greater sanctions risks, operational and oversight challenges, and obligations to comply with sanctions administered by multiple jurisdictions and agencies.
Sanctions programs appear to be moving away from broad embar goes to narrowly targeted prohibitions and specific restrictions that require more sophisticated compliance measures.

Regulatory scrutiny and expectations are increasing as evidenced by escalating fines and penalties, joint actions involving multiple federal, state, and local regulators, and high-profile enforcement cases.