Recent Office of Foreign Asset Controls (“OFAC”) enforcement settlements have shown that regulators expect Internet Protocol (“IP”) address checks and blocking to be used as a mechanism to implement sanctions compliance. OFAC is scrutinizing this activity and failure to screen IP addresses and prevent activity in sanctioned destinations can constitute violations and incur civil penalties.
There have been several recent OFAC enforcement actions issued to global companies that relate to their ...
Continue reading
SUBSCRIBED FEATURES
- Export Compliance Manager Tackles the issues and challenges that keep trade compliance professionals awake at night... with insight and with solutions.
- Export Compliance Manager Shares the know-how of experienced professionals, keeping its readers on top of developing best practice in trade compliance AND helping to deliver real commercial advantage.
- Export Compliance Manager Celebrates the valuable contribution of trade compliance professionals to their companies, communities and to international security.
