Leveraging data and technology for sanctions compliance: OFAC’s '50 Percent Rule'

Download "white paper: sanctions compliance" PDF

Complying with the U.S. Treasury’s Office of Foreign Assets Control (OFAC) regulations on sanctions against foreign entities requires much more than checking a list of restricted companies and individuals. For example, the latest rules require digging deeper by considering a company’s “combined ownership of more than 50% by sanctioned parties.” Further, non-list based requirements may also present potential compliance pitfalls.

The good news is, you have tools at your disposal. Getting updated information on sanctions rules and associated entities—coupled with the right screening technology—can help your organization avoid both the risk of fines and of the cost of devoting too many resources to compliance.

Get the white paper, ”Leveraging Data and Technology for Sanctions Compliance: OFAC’s ’50 Percent Rule,’” to:

• learn the detailed requirements of the “50 Percent Rule;”
• get examples of firms that have been fined for not knowing that sanctioned parties owned significant parts of companies;
• understand how to connect your organization’s risk policy to screening processes in order to reduce false positives when searching for potentially risky customers and other partners; and
• learn how to leverage metadata, segmentation, and algorithms for improved results.