ST0890DOTOFAC

ST0890

Given the dynamic nature of U.S. economic and trade sanctions, a successful and effective SCP should be capable of adjusting rapidly to changes published by OFAC. These include the following: (i) updates to OFAC’s List of Specially Designated Nationals and Blocked Persons (the “SDN List”), the…

Assess my company

Plain-language summary

What it actually means.

to be determined

Plain-language summary forthcoming. Source text below.

Source text

As written.

Given the dynamic nature of U.S. economic and trade sanctions, a successful and effective SCP should be capable of adjusting rapidly to changes published by OFAC. These include the following: (i) updates to OFAC’s List of Specially Designated Nationals and Blocked Persons (the “SDN List”), the Sectoral Sanctions Identification List (“SSI List”), and other sanctions- related lists; (ii) new, amended, or updated sanctions programs or prohibitions imposed on targeted foreign countries, governments, regions, or persons, through the enactment of new legislation, the issuance of new Executive orders, regulations, or published OFAC guidance or other OFAC actions; and (iii) the issuance of general licenses.

Assessed by HEXDI

What HEXDI assesses.

  • M2

    1 — PROGRAM SETUP AND ADMINISTRATION

    Program is reviewed to determine the need for updates at least annually and when significant changes in the law or company operations occur.

  • M2

    2 — PROGRAM SETUP AND ADMINISTRATION

    Procedures assign responsibility to an employee or group of employees to monitor the Federal Register and Code of Federal Regulations for…

  • M3

    3 — TRAINING

    Training materials are accurate, up-to-date, regularly reviewed, and timely updated for significant changes in the law and/or company…

  • M3

    6 — TRAINING

    Export/Import Compliance Intranet Site is accurate, up-to-date, regularly reviewed, and timely updated for significant changes in the law…

  • M4

    3 — JURISDICTION, CLASSIFICATION, AND MARKING

    Program requires updates to the export/import matrix to ensure it is kept current for changes in the law and for changes to company…

  • M6

    2 — TRANSACTION SCREENING

    Screening procedures require updates to the product/country matrix and/or a decision-tree to ensure it is kept current for changes in the…

Related

Other DOT standards.

Source & revisions

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