ST0059DOTOFAC

ST0059

The organization has appointed a dedicated OFAC sanctions compliance officer [FN1: This may be the same person serving in other senior compliance positions, e.g., the Bank Secrecy Act Officer or an Export Control Officer, as many institutions, depending on size and complexity, designate a single…

Assess my company

Source text

As written.

The organization has appointed a dedicated OFAC sanctions compliance officer [FN1: This may be the same person serving in other senior compliance positions, e.g., the Bank Secrecy Act Officer or an Export Control Officer, as many institutions, depending on size and complexity, designate a single person to oversee all areas of financial crimes or export control compliance.]

Change history

When and why it changed.

Present in the original catalog

This standard has not changed since it was added.

Assessed by HEXDI

What HEXDI assesses.

  • M2

    1 — PROGRAM SETUP AND ADMINISTRATION

    Specific employee with sufficient qualifications and experience is responsible for coordinating development, implementation, maintenance,…

  • M2

    2 — PROGRAM SETUP AND ADMINISTRATION

    There are a sufficient number of qualified employees assigned to perform key compliance responsibilities.

  • M2

    5 — PROGRAM SETUP AND ADMINISTRATION

    Program provides backup employees to perform the responsibilities of employees with key responsibilities under the program when the primary…

  • M4

    1 — JURISDICTION, CLASSIFICATION, AND MARKING

    Program identifies the roles and responsibilities of employees and/or relevant operational units assigned to administer commodity…

  • M6

    1 — TRANSACTION SCREENING

    Program identifies the roles and responsibilities of employees and/or relevant operational units assigned to administer the screening…

  • M11

    1 — AUDITS AND ASSESSMENTS

    Program designates a qualified employee with requisite authority, training, and experience to coordinate and supervise program audits.

Related

Other DOT standards.

Source & revisions

First mapped
Jun 8, 2022
Last updated
Oct 28, 2026 (6d ago)
Source
Framework for OFAC Compliance Commitments