What is financial crime?
The Office of Foreign Assets Control (OFAC) administers and enforces economic sanctions programs primarily against countries and groups of individuals, such as terrorists and narcotics traffickers. The sanctions can be either comprehensive or selective, using the blocking of assets and trade restrictions to accomplish foreign policy and national security goal.
The Foreign Corrupt Practices Act* (FCPA) generally prohibits the payment of bribes to foreign officials to assist in obtaining or retaining business. The FCPA also requires issuers to maintain accurate books and records and have a system of internal controls sufficient to, among other things, provide reasonable assurances that transactions are executed and assets are accessed and accounted for in accordance with management's authorization. The SEC and the Department of Justice are jointly responsible for enforcing the FCPA.
Why Should You Care About Financial Crime?
Protect against money-laundering, fraud and non-complianceLearn More
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Identify and plan for operations impacts to ensure a flawless implementation.Learn More
Robust databases of high-risk individuals and entitiesLearn More
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