The AML and OFAC Domino Effect: Turmoil in North Africa and the Middle East

March 2011
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The AML and OFAC Domino Effect: Turmoil in North Africa and the Middle East

At a glance

Recent uprisings in Egypt and Tunisia, unrest in other North African and Middle Eastern countries threatens others. In this environment, forward-looking AML and OFAC compliance teams must not only react to news as it is published, but also should proactively seek to isolate and monitor the risks to their institutions from these recent events.

There are a number of steps that can help manage through these uncertainties:

  • Pay increased attention to guidance and alerts from governmental and third party services
  • Update AML and OFAC procedures and processes in response to these increased risks