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ARTICLE · 06 JANUARY 2014

Reassessing Your Risk Profile For OFAC Sanctions

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In recent years, OFAC has made the securities industry one of its compliance and enforcement priorities.

United StatesFinance and Banking
Ronald Meltzer
Ronald Meltzer
David Horn
David Horn
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In recent years, OFAC has made the securities industry one of its compliance and enforcement priorities. It has endorsed a risk-based approach to compliance and listed types of transactions that warrant additional scrutiny or due diligence. The authors discuss the origins of this approach, common factors requiring reassessment of risk, and typical compliance measures to deal with it.

Originally published in the December 2013 edition of The Review of Banking & Financial Services, Vol. 29, No. 12.

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The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

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