OFAC-Issued Guidance: A Sanctions Compliance Framework
If you are mystified by your company’s compliance responsibilities related to sanctions, there is help. In 2019 the Department of Treasury’s Office of Foreign Assets…
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An OFAC Case Study
On November 25, 2019, Apple Inc. entered an agreement with the U.S. Department of Treasury to pay a civil penalty of $466,912. The fine is…
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Are You OFAC Compliant? Or Do You Just Think You Are?
Threats to businesses abound, and given that accounts payable issues payments, it is a prime target for criminal perpetrators of all kinds. In addition to…
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Avoiding the Men in Black – An OFAC Case Study
As she crossed the company parking lot early one morning, the director of shared services saw them. Men in black. Two of them. As she…
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VIMCOE Template: Vendor Welcome Letter
Below is a sample Welcome Letter for a new vendor. You can download a template of this letter by clicking here. CONTACT NAMEVENDOR NAMEADDRESSCITY, ST…
