Testing/Auditing - Geunim

Navigating US Economic Sanction Law: OFAC Compliance Guide

Meta Description: Understand the critical framework of U.S. Economic Sanction Law, administered by OFAC, including the types of sanctions (comprehensive vs. targeted), the scope of compliance for U.S. and non-U.S. persons, the ‘50% Rule,’ and the Five Pillars of an effective Sanctions Compliance Program (SCP) to mitigate severe penalties. In today’s interconnected global economy, businesses […]

50% rule, administered by OFAC, and entities, and organizations, Blocking Assets, counterparties, customers, entities, escalate, exemptions, export controls, few exemptions exist, general license, groups, identify weaknesses, individuals, interdict, internal controls, Iran, North Korea, OFAC compliance, permanent residents, regimes, risk assessment, Sanctions Violations, secondary sanctions, services, supply chains, Syria, targeted sanctions, Testing and Auditing, Testing/Auditing, the '50% Rule, trade restrictions, Training Compliance, Treasury Department, vendors