Risks and Controls - Association of Certified Sanctions Specialists

Finding the Light in the Twilight Zone of the 50 Percent Rule

by Maryam Liaqat | Aug 27, 2022 | Articles | 0 comments

By Robert Sanchez August 27, 2022 Complying with sanctions imposed by the US Treasury’s Office of Foreign Asset Control (OFAC) requires closely monitoring its edicts. When individuals are added to the Specially Designated Nationals (SDN) List, or when entities are...

Why the BIS and FinCEN Initiative to Counter Export Controls Evasion is Significant

by Maryam Liaqat | Aug 13, 2022 | Articles | 0 comments

By David Williams, ACSS Editor August 13, 2022 A leading US foreign export control and sanctions specialist has attested to the significance of the joint effort between the US Department of Commerce’s Bureau of Industry and Security (BIS) and the Financial Crimes...

Widespread Failure to Comply with Standards for Terrorist-Related Sanctions

by Maryam Liaqat | Jun 11, 2022 | Articles | 0 comments

By Saskia Rietbroek, CSS June 11, 2022 For the first time, the Financial Action Task Force (FATF) – the global money-laundering watchdog – has issued a public report about how well member countries comply with its standards. The evaluations are mutual peer reviews...