Regulation & Standards

Sanctions screening: are you compliant?

Recently it seems to be the case that sanctions are being handed out like presents in the holidays – except they’re far less pleasant than a new pair of socks. As of November 2019, the US Office of Foreign Assets Control (OFAC)’s consolidated sanctions list included over 8,900 entities – more than four times the number of any other sanctioning body. But what does this mean for treasurers?

Person looking through screening paperwork before signing it