Is your organization depending on self-reported data to onboard, monitor, and assess risk? Updated Office of Foreign Assets Control (OFAC) guidance from the Department of Treasury has pushed businesses to have rigorous due diligence measures in place to understand the corporate ownership structure of their partners, third parties, customers, and merchants to effectively sanction screen and monitor ongoing activity and changes.
“Companies can’t simply rely on paper-thin assurances by employees, distributors, or customers.” –
Chief of the SEC Enforcement Division’s Foreign Corrupt Practices Unit
Today, as the bar of what’s deemed “adequate” and “reasonable” continues to rise with increasing regulations, you need to be sure you can protect your company and shareholders from third-party risk.
Download a copy of our white paper, “Compliance: A Strategic Imperative.” You’ll learn:
The values of proactive compliance
What you need to build a compliance perimeter
The four critical elements in best and most sustainable compliance programs
You’ll also have an opportunity to learn more about Dun & Bradstreet’s Complimentary OFAC 50% Rule File Analysis–a great way to get started in assessing compliance risk in your portfolio.
