Fact: In 2016, businesses accounted for nearly 90 percent of the total number of OFAC fines issued, with 37 percent of those fines totaling $1 million or more.
Doing business in today’s complex global economy is a game of risk and reward. As technology makes it easier to reach more customers and process transactions faster, companies have to keep close tabs on both. One false move could lead to stiff penalties from OFAC or severe reputational damage (or both).
Download this white paper for the latest insight on real-time sanctions screening. In it, CSI addresses the following issues related to comprehensive watch list screening programs:
Uncovering the challenges businesses face
Identifying possible technology solutions
Taking next steps to improve the performance of your watch list screening program
Learn more by downloading the white paper now.
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