Forums

If your business involves any international transactions - payments, shipments, or business relationships with foreign parties - you need at least basic OFAC compliance measures. The level of sophistication required depends on your risk profile: which countries you deal with, transaction volumes, and industry sector. At minimum, you should screen all customers, vendors, and transaction counterparties against OFAC's SDN list before doing business. This screening should happen before the first transaction and periodically thereafter. You also need to understand which sanctions programs affect your business based on your geographic exposure. For instance, if you deal with any entities in Iran, Russia, or other sanctioned countries, you need much more robust procedures. I built our compliance framework using guidance from https://ofacblockedfundslawyers.com/ which outlined risk-based approaches for different business sizes. Even small companies can face significant penalties for violations, so don't assume you're too small to worry about this. Document your compliance procedures and train employees who handle international transactions.

How do I know if my business needs an OFAC compliance program? We're a small import/export company and I'm not sure what our obligations are.

CONTACT SALVAGE ASSET RECOVERY FOR AN ASSISTANCE TO RECOVER YOUR LOST CRYPTOCURRENCY  If you have lost your cryptocurrency to a fake investment platform, you can consider seeking assistance from professional recovery services like SALVAGE ASSET RECOVERY. They help investors recover funds lost to fraudulent investment platforms. They specialize in recovering lost cryptocurrency funds and have a team of experts skilled in tracking and retrieving stolen assets. To improve your chances of recovery, provide them with all relevant information and documentation related to the scam. You can contact them using the details provided below. WHAT’S APP +18476547096 TELEGRAM @SalvageAsset

CONTACT SALVAGE ASSET RECOVERY FOR AN ASSISTANCE TO RECOVER YOUR LOST CRYPTOCURRENCY  If you have lost your cryptocurrency to a fake investment platform, you can consider seeking assistance from professional recovery services like SALVAGE ASSET RECOVERY. They help investors recover funds lost to fraudulent investment platforms. They specialize in recovering lost cryptocurrency funds and have a team of experts skilled in tracking and retrieving stolen assets. To improve your chances of recovery, provide them with all relevant information and documentation related to the scam. You can contact them using the details provided below. WHAT’S APP +18476547096 TELEGRAM @SalvageAsset