ST0022DOTOFAC
ST0022
Senior management ensures that its compliance unit(s) is/are delegated sufficient authority and autonomy to deploy its policies and procedures in a manner that effectively controls the organization’s OFAC risk. As part of this effort, senior management ensures the existence of direct reporting…
Plain-language summary
What it actually means.
to be determined
Plain-language summary forthcoming. Source text below.
Source text
As written.
Senior management ensures that its compliance unit(s) is/are delegated sufficient authority and autonomy to deploy its policies and procedures in a manner that effectively controls the organization’s OFAC risk. As part of this effort, senior management ensures the existence of direct reporting lines between the SCP function and senior management, including routine and periodic meetings between these two elements of the organization.
Assessed by HEXDI
What HEXDI assesses.
- M1
4 — MANAGEMENT COMMITMENT
Senior Management ensures that there are adequate communication channels between Senior Management and employees with key compliance…
Related
Other DOT standards.
Source & revisions
- First mapped
- Jun 8, 2022
- Last updated
- May 26, 2026 (29m ago)
- Source
- Framework for OFAC Compliance Commitments