 Governmental bodies are increasingly using Sanctions lists to prosecute policy objectives. In the UK it is through the Bank of England, in the US it is through the Office of Foreign Asset Control (OFAC) at the US Treasury and in Europe, the EU publish a list of proscribed entities. The challenges faced by organisations and relevant individuals to comply with these complex and stringent requirements should not be underestimated nor should the costs of non-compliance. Deloitte has unparalleled experience in providing comprehensive, discrete and timely advice on sanctions screening risk management and compliance. We have worked with many of the largest UK, European and global financial institutions and have well established relations with all of the relevant regulators. Our core services include: Benchmarking your current screening policy against the industry standard Reviewing strategy, policy and matching methodologies to comply with sanctions screening legislation Sanctions screening health checks to determine their continuing effectiveness Investigative services in order to establish the scale and root cause of non-compliance as well as assist management to contain the fallout from such matters Screening technology selection and implementation Providing staff training
Download our product cards to find out more about OFAC sanctions (PDF, 168KB) or global sanctions (PDF, 169KB). |
