With so many rapid changes, it is crucial to ensure that your program can quickly and effectively pivot accordingly. During this deep-dive intensive, practical workshop, the Workshop Leaders will walk through an updated blueprint that can serve as invaluable resource for how to strengthen your program and position it for more anticipated developments and risk factors.

Topics will include:

• Conducting thorough risk assessments to identify your organization’s exposure to OFAC sanctions risks, and regularly updating the risk assessment to reflect changes in business operations, geopolitical dynamics, and updates to sanctions lists
• Developing and implementing comprehensive policies and procedures that align with OFAC regulations and ensuring they are tailored to your organization’s specific risk profile
• Updating screening procedures for customers, vendors, and transactions against OFAC’s sanctions lists, including Specially Designated Nationals (SDN) and Blocked Persons List
• Establishing systems for monitoring transactions in real-time to detect potential sanctions violations and leveraging emerging technologies for supply chain transparency
• Regularly testing and auditing your compliance program to ensure effectiveness and adherence to OFAC requirements, including internal audits and third-party audits