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.
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 CommitmentsIssued 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.
Open-Source Educational Resources
Sanctions Compliance in Cryptocurrency Whitepaper by EllipticA report that explores how compliance officers can protect their businesses against exposure to cryptocurrency-related sanctions risks.
Practical Tools and Investigation