Many times it is a challenging act to correctly implement a restricted and denied party screening process. Challenges would include the following: • What is the best timing for the screening? • Who might be the best person or job function to manage the screening process? • How to reduce the false positive hits […]

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Source: U.S. Department of the Treasury (OFAC)  – On January 5, the Department of the Treasury’s Office of Foreign Assets Control (OFAC) published two Kingpin Act General Licenses:  General License 3B, “Authorizing Certain Transactions and Activities to Wind Down Operations Involving La Estrella and El Siglo Newspapers”, and General License 4E, “Authorizing Certain Transactions involving […]

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