This webinar provided an overview of the challenges companies face with Trade Sanctions screening and ensuring compliance when vetting potential customers, vendors and partners. The 50% OFAC rule for screening imposes additional challenges when researching company ownership and stakeholders.
Topics included:
- Important considerations while screening customers or vendors
- Documenting search and compliance actions by an officer
- Record keeping requirements
- Overview of 50% OFAC rules for US Corporations by US and EU Trade Authorities
