CyberTRIZPEDIA

US OFAC

Jurisdiction
US/Global
Issuer
OFAC/Treasury
Effective
1950-12-01

Sectors

Banking & FinanceCrypto & Digital AssetsImport / WholesaleInsuranceProfessional ServicesTransport & Logistics

Articles (10)

Scope and Governance — ApplicabilityRisk Assessment — GovernanceOperational Controls — Process RequirementsReporting and Escalation — Evidence and RecordsMonitoring and Evidence — Testing and AssuranceScope and Governance — ReportingRisk Assessment — RemediationOperational Controls — Third-Party ControlsReporting and Escalation — TrainingMonitoring and Evidence — Management Review

Controls that address this (3)

OFAC-001-001 - OFAC Sanctions Screening Programmetechnical · critical priority · Implement real-time OFAC sanctions screening covering SDN List, Consolidated Sanctions List, and relevant country programmes. Screen customeOFAC-002-001 - OFAC Match Review and Freeze Notificationoperational · critical priority · Implement procedures for reviewing potential OFAC matches, determining true matches from false positives, freezing matched assets, filing OFOFAC-003-001 - OFAC Sanctions Compliance Trainingoperational · high priority · Deliver OFAC-specific training to all relevant staff covering: sanctions lists, screening obligations, match review, blocking/rejection proc