OFAC and Sanctions Screening
Our team blends economic sanctions/OFAC knowledge with data and technology expertise to deliver tailored, objective advice that helps you navigate global compliance requirements with a right-sized, sustainable compliance program
Economic sanctions have long been a key policy tool of governments, particularly in the U.S., and dealing with multiple country regulations can be confusing and conflicting. Sophisticated screening approaches and technologies are required. Our team of former practitioners have wide experience from regulatory jurisdictions worldwide and leading screening tools to meet these challenges.
- Remediate, monitor, or independently consult pursuant to an enforcement order
- Design an effective sanctions screening program and effective system of internal controls
- Execute a comprehensive risk assessment and methodology
- Examine licenses and regulatory reporting procedures
- Review governance structure for foreign institutions with U.S. operations
- Review affiliate and third-party relationships
- Review foreign sanctions compliance and assist in program design and remediation (e.g., Japan anti-social forces)
- Perform independent audits
- Exam preparation
- Corrective action advisory, validation, and confirmation
- Perform forensic investigations on sanctioned transactions
- Review and design governance processes
- Review and design alert management, escalation, and investigation processes
- Evaluate list management, governance, and protocols
- Review and develop payment messaging standards
- Analyze IT infrastructure and disaster recovery procedures supporting the sanctions screening system
- Review and test screening systems and models (e.g. fuzzy logic) to ensure appropriate outcomes
- DFS 504 sanctions screening program gap analysis, remediation and certification
- Sanctions screening systems model validation
- Independent review of screening system effectiveness
- Sanctions screening system configuration and tuning
- Review and testing of data completeness, quality, and lineage
Our Experts
John Arvanitis
Senior Managing Director, Financial Crimes and Fraud Solutions
Darcy Allen
Managing Director, Financial Crimes and Fraud Solutions
Tyler Langenkamp
Managing Director, Financial Crimes and Fraud Solutions
Prasad Chintamaneni
Managing Director, Financial Crimes and Fraud Solutions
Larry Candido
Senior Director
Efren Marquez Alba
Engagement Director
Evan Drexler
Director
Daniel Lane
Director
Jin Kim
Manager
Ready to Talk?
We work with you to understand your needs, so we can tailor our approach to your engagement. Learn more when you connect with our team.
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