OFAC and sanctions compliance

We recognize that the sanctions landscape is evolving and becoming more challenging and complex than ever before:

• Increasing globalization means financial institutions are generally exposed to greater sanctions risks, operational and oversight challenges, and obligations to comply with sanctions administered by multiple jurisdictions and agencies.
• Sanctions programs appear to be moving away from broad embargoes to narrowly targeted prohibitions and specific restrictions that require more sophisticated compliance measures.
• Regulatory scrutiny and expectations are increasing as evidenced by escalating fines and penalties, joint actions involving multiple federal, state, and local regulators, and high-profile enforcement cases.

PwC can help your business

PwC is a leader in providing regulatory compliance services and global financial institutions, including a spectrum of services to support sanctions compliance objectives.

• Regulatory responses: coordinating data extraction, remediation and response
• Remediation and look back exercises
• Internal investigations
• Incident response: design and implementation of strategic, tactical or remedial response
• Operational design fit to your business and regulatory needs
• Policies and procedures: design and implementation, assessment and enhancement
• Data integrity and cleansing
• System mapping and testing to ensure operational effectiveness
• Tailored training for employees at all levels
• Strategy support to build, develop, or enhance compliance programs