OFAC Strongly Encourages Companies to Develop and Implement an Effective Sanctions Compliance Program

Posted on May 10, 2019 by lawhukukinet

On May 2, 2019 US Department of Treasury’s Office of Foreign Assets Control (OFAC) published “A Framework for OFAC Compliance Commitments” (the Framework), which provides a specific outline of what OFAC considers to be essential elements of an effective sanctions compliance program.  Crypto businesses should consider the applicability of the Framework to their products. Read our full alert here.

Read more detail on Recent Banking and Finance Law posts –

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