Due Diligence Actions for Sanctions Screening

OCCURRED ON WEDNESDAY | DECEMBER 11, 2019 | 11:00 aM - 12:00 PM EST

OVERVIEW: Companies face challenges 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 will include: 

  • 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

 

 If you have any questions or require assistance, please reach out to events@ocr-inc.com. 

 

Thomas-pictureABOUT THE SPEAKER: Thomas Mathew, Senior Vice President at OCR, has over 25 Years of managerial and technical expertise designing enterprise web based and client server applications. He is responsible for business development and works closely with customers to understand their needs. With his vast knowledge and experience, he shares his expertise of the compliance industry and the latest trends, supply chain management, security and more.