Managing the growing complexities of sanctions risk

Posted by Laurie Okawa-Moore
on "July 01, 2022 1:41 pm"

Learn about the challenges institutions are facing, and why a strong risk-based compliance program is essential to meeting regulatory obligations. 

 

css verafin logo combo

verafin banner

“OFAC strongly encourages organizations subject to U.S. jurisdictions to employ a risk-based approach to sanctions compliance by developing, implementing, and routinely updating a sanctions compliance program.”

 – A Framework for OFAC Compliance Commitments

Sanctions have become a key tool for governments navigating the current geopolitical environment and credit unions must be ready to effectively screen for sanctions risks to remain compliant. Learn about the challenges institutions are facing, and why a strong risk-based compliance program is essential to meeting regulatory obligations.  Please click on the link below to learn more about Verafin’s financial crime management platform or contact HCUL Member Relations Officer Becky Jandoc at becky.jandoc@hcul.org

LEARN MORE