BUILDING AND MAINTAINING A GLOBAL OFAC SANCTIONS PROGRAM: A HANDBOOK FOR PRACTITIONERS

By Doris Hektor PhD

A Step-by-Step Guide for Protecting Your Organization from Sanctions Risk Since the USA PATRIOT Act was passed after 9/11, there's been a major shift in how global governments fight terrorism. Due to a greater understanding of money-laundering activities, a broader definition of "financial institution," and closer scrutiny on transactions, many organizations are at risk for inadvertently violating sanctions law. (Yes, including yours.) Compliance expert Doris Hektor lays out a blueprint for mitigating that risk. She'll help you to determine whether your organization is subject to US Office of Foreign Assets Control (OFAC) sanctions law and--if so--to build a robust compliance program. You'll learn how to: * Assess your own sanctions risk exposure and that of clients, customers, third parties, and others such as acquisition targets * Develop and implement a sanctions governance and internal control framework encompassing customer due diligence (CDD), sanctions screening, and so forth * Provide the right training to employees, clients, suppliers/third parties, and partners * Detect possible criminal activities at an early stage and determine what to do next Hektor's book is a great foundational overview for compliance practitioners, company directors, boards, C-suite and other executives, judges, legislators, lobbyists--anyone who needs a good working knowledge of sanctions. Engaging, readable, and sprinkled with real-world examples, it will help you safeguard your business as you do your part in the fight against terrorism. About the Author: Doris Hektor, PhD , has more than 30 years of experience in designing and implementing global OFAC sanctions, anti-money laundering, and anti-terrorist financing compliance programs. A thought leader in her field, she consults with and speaks to international organizations. To learn more, visit https://hgccplus.com/. "Sanctions regulations apply to everyone, not just financial institutions. They carry strict liability, as fines can be levied even when there was no intent. Equipped with years of experience in handling the most complex sanctions situations, Doris masterfully explains what it takes to build a cohesive sanctions program in a practical and sensible manner." --Angie Ong, General Counsel, Corporate Secretary, Head of Policy and Compliance at Partior

• Format: Paperback
• Language: English
• ISBN: B0DCNWL8BK
• ISBN13: 9798335131421
• Release Date: August 2024
• Publisher: Independently published
• Length: 153 Pages
• Dimensions: 9.0" x 0.3" x 6.0"