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Member Profile – Bryan Early: Approaching the Sanctions Profession from an Academic and Sanctions Policy Perspective
May 4, 2018
By Anna Sayre, Legal Content Writer SanctionsAlert.com
The use of sanctions as an international regulatory and compliance tool has risen exponentially in recent times. The increasingly complex nature of these sanctions programs has led to the need for qualified persons equipped with the knowledge to tackle the day-to-day compliance and operational duties brought on by the ever-changing rules that govern sanctions policy. read more…
Experts from BIS Identify Key Issues for Exporters and How to Develop an Effective Export Control Program
April 24, 2018
Just as the U.S. Treasury’s Office of Foreign Assets Control (OFAC) has great influence over the implementation of U.S. sanctions policy, its cousin – the U.S. Department of Commerce’s Bureau of Industry and Security (BIS) – plays an equally vital role in the implementation of U.S. export/import policy.
BIS regulates less sensitive military items, as well as, commodities and technology referred to as “dual-use;” these are items that are designed for both commercial and military applications.BIS derives its power mainly from the Export Administration Act (EAA) and is responsible for administrating the Export Administration Regulations (EAR). Similarly to OFAC, BIS keeps a list of regulated items called the Commercial Control List (CCL). BIS has broad jurisdiction over U.S. origin items.
Wolfsberg’s New Correspondent Banking Questionnaire Incorporates Specific Guidance to Aid in Sanctions Compliance
April 11, 2018
By: Anna Sayre, Legal Content Writer SanctionsAlert.com
In direct response to increased regulatory expectations for enhanced due diligence in correspondent banking relationships, the Wolfsberg Group (Wolfsberg), published its new Correspondent Banking Due Diligence Questionnaire (CBDDQ) in February 2018, incorporating a number of important changes. The new Questionnaireis not only four times as long as its 2014 predecessor, containing 110 instead of 28 questions, but has also expanded its scope to specifically address due diligence issues relating to Anti-Bribery and Corruption, Counter terrorism Financing,and Sanctions exposure controls. read more…
OFAC Enforcement Actions: Trends and Analysis
Preparing for a Regulatory Examination of Your Financial Institution’s OFAC Program
Beyond List Matching: Compliance with Sectoral Sanctions
EU and U.K. Sanctions Update: The Potential Effects of Brexit on U.K. Sanctions Law and How Compliance Officers Can Prepare For the Switch
Interactive Sanctions Map
OFAC Enforcement Actions Database
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Announcing the first ever Sanctions Technology Taskforce!
SanctionsAlert.com is proud to launch its groundbreaking Sanctions Technology Taskforce (or STTF). This committee, consisting of consultants and compliance practitioners as well as technology companies, will share and discuss modern trends and best practices in cutting-edge tech advancements for the sanctions community. This will include a monthly Tech Column of latest developments, an annual Best Practices Book, quarterly Tech Webinars addressing the latest in sanctions technology, and much more!
Join SanctionsAlert.com Sanctions Compliance Professionals LinkedIn group, where members network and discuss sanctions news and issues. Open to compliance professionals.
- CELEX:02002R0881-20170917: Council Regulation (EC) No 881/2002 of 27 May 2002 imposing certain specific restrictive measures directed against certain persons and entities associated with the ISIL (Da’esh) and Al-Qaida organisations