ST0068DOTOFAC

ST0068

The quality and experience of the personnel dedicated to the SCP, including: (i) the technical knowledge and expertise of these personnel with respect to OFAC’s regulations, processes, and actions; (ii) the ability of these personnel to understand complex financial and commercial activities, apply…

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Plain-language summary

What it actually means.

to be determined

Plain-language summary forthcoming. Source text below.

Source text

As written.

The quality and experience of the personnel dedicated to the SCP, including: (i) the technical knowledge and expertise of these personnel with respect to OFAC’s regulations, processes, and actions; (ii) the ability of these personnel to understand complex financial and commercial activities, apply their knowledge of OFAC to these items, and identify OFAC-related issues, risks, and prohibited activities; and (iii) the efforts to ensure that personnel dedicated to the SCP have sufficient experience and an appropriate position within the organization, and are an integral component to the organization’s success;

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

    Employee responsible for coordinating the program has adequate resources, sufficient authority, and direct access to Senior Management or…

  • M2

    1 — PROGRAM SETUP AND ADMINISTRATION

    Program has procedures to ensure that persons with appropriate competencies are recruited and trained to perform key responsibilities under…

  • M2

    2 — PROGRAM SETUP AND ADMINISTRATION

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

  • M11

    1 — AUDITS AND ASSESSMENTS

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

  • M11

    2 — AUDITS AND ASSESSMENTS

    Program requires that only qualified personnel with requisite authority, training, and experience perform audits.

Related

Other DOT standards.

Source & revisions

First mapped
Jun 8, 2022
Last updated
May 26, 2026 (29m ago)
Source
Framework for OFAC Compliance Commitments