Dow Jones- Leveraging Data and Technology for Sanctions Compliance: OFAC’s “50 Percent Rule”
In this article, we will
- Detail the requirements of the OFAC 50% Rule.
- Give examples of firms that have been fined for not knowing that sanctioned parties owned significant parts of companies.
- Help you connect your organization’s risk policy to screening processes in order to reduce false positives when searching for potentially risky customers and other partners.
- Show how to leverage metadata, segmentation and algorithms for improved results.
This article is presented to you by Dow Jones.