July 28, 2022
Which Countries are on Sanctioned List by the OFAC
There are two things that every business needs to avoid: bankruptcy and risk. Interestingly, when a business is not fully focused on its due diligence
There are two things that every business needs to avoid: bankruptcy and risk. Interestingly, when a business is not fully focused on its due diligence
The Office of Foreign Assets Control or OFAC is a federal agency administered by the U.S. Treasury Department. It’s a regulatory body that maintains a
Businesses heavily rely on identity verification solutions. This is due to the rampant increase in identity crime, increased risk factors, and the overall increase in
Sanction screening is one of the most important elements of due diligence, enabling businesses to validate the real identities of businesses against the authorized global
AML directives recommend businesses screen the incoming profiles against the global sanction lists within reason and feasibility. This means that in addition to verifying the
OFAC, prominently known as the Office of Foreign Assets Control, is a federal agency of the U.S. government which monitors, administers, and issues imperative guidelines
The Office of Foreign Asset Control, commonly known as OFAC is a financial intelligence and enforcement agency of the U.S Treasury Department. The regulatory body
