Are you a financial crime compliance professional tasked with scrutinizing the ever-dynamic world of global sanctions? Good news: ACFCS is here to help.
Below are some helpful links for avoiding sanctions snags, links to general and specific questions, details on how to create sanctions compliance programs and more.t from key thought leaders.Getting Started
Introductory Reading and Resources.
OFAC’s Specially Designated Nationals and Blocked Persons List
(SDN List) has approximately 6,300 names connected with sanctions targets. These individuals and companies are referred to as “Specially Designated Nationals” or “SDNs.” Their assets are blocked and U.S. persons are generally prohibited from dealing with them.
Framework for OFAC Compliance Commitments
Issued in May 2019, this document lays out the five essential components of sanctions compliance, and is a good starting point for those looking to understand OFAC’s expectations.
EUROPEAN UNION AND UNITED NATIONS SANCTIONS RESOURCES
To view a visual EU sanctions map and easy to navigate country-by-country listing of what EU sanctions are in place, click below.View Here
Going Deeper
Open-Source Educational Resources
Sanctions Compliance in Cryptocurrency Whitepaper by Elliptic
A report that explores how compliance officers can protect their businesses against exposure to cryptocurrency-related sanctions risks.
OFAC’S PROPOSED VIRTUAL CURRENCY BLACKLIST COULD COMPLICATE SANCTIONS, CRYPTO COMPLIANCE
Originally published on coindeskPractical Tools and Investigation
Sanctions List Search Tool
OFAC offers an online, open-access tool to search its specially designated national (SDN) and consolidated sanctions lists. The tool allows for fuzzy logic searching.
Sanctions Penalty Tracker
This is a great site that tracks overall financial crime and compliance penalties, including AML and OFAC fines.