3 Key Takeaways | OFAC's 2019 Sanctions Enforcement

2019 was a busy year for the U.S. Treasury Department’s Office of ForeigAssets Control (“OFAC”): in May, OFAC provided a compliance roadmap in its “Framework for OFAC Compliance Commitments” guidance
document (see our 6 Key Takeaways from the OFAC Framework); revised its “Reporting and Record-Keeping Requirements” (31 C.F.R. Part 501) to establish new reporting and license application requirements for parties engaging with OFAC; and in June, announced a change in how it calculates fines related to sanction violations. In addition, OFAC had a robust sanctions enforcement year.

Click here for: 3 takeaways from OFAC’s 2019 enforcement actions.

Latest Thinking

View more Insights
Insights Center
close
Loading...
Knowledge assets are defined in the study as confidential information critical to the development, performance and marketing of a company’s core business, other than personal information that would trigger notice requirements under law. For example,
The new study shows dramatic increases in threats and awareness of threats to these “crown jewels,” as well as dramatic improvements in addressing those threats by the highest performing organizations. Awareness of the risk to knowledge assets increased as more respondents acknowledged that their