Webinar: Due Diligence Actions for Sanctions Screening

OCR Webinars

Webinar: Due Diligence Actions for Sanctions Screening

This webinar provided an overview of the challenges companies face with Trade Sanctions screening and ensuring compliance when vetting potential customers, vendors and partners.  The 50% OFAC rule for screening imposes additional challenges when researching company ownership and stakeholders.

Topics included:

  • Important considerations while screening customers or vendors
  • Documenting search and compliance actions by an officer
  • Record keeping requirements
  • Overview of 50% OFAC rules for US Corporations by US and EU Trade Authorities