ST0940DOTOFAC

ST0940

ANNEX
, OFAC RISK MATRIX [Low]. The board of directors, or board committee, has approved an OFAC compliance program that includes policies, procedures, controls, and information systems that are adequate, and consistent with the institution's OFAC risk profile

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Source text

As written.

ANNEX
, OFAC RISK MATRIX [Low]. The board of directors, or board committee, has approved an OFAC compliance program that includes policies, procedures, controls, and information systems that are adequate, and consistent with the institution's OFAC risk profile

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.

  • M1

    4 — MANAGEMENT COMMITMENT

    Senior Management maintains sufficient oversight over development and implementation of the program.

  • M1

    5 — MANAGEMENT COMMITMENT

    Senior Management maintains sufficient oversight over maintenance of the program.

  • M1

    7 — MANAGEMENT COMMITMENT

    Senior Management reviews audit reports and recommendations and regularly evaluates effectiveness of the program.

  • M1

    8 — MANAGEMENT COMMITMENT

    A specific member of Senior Management is assigned with overall responsibility for the program.

  • M1

    1 — MANAGEMENT COMMITMENT

    Senior Management allocates sufficient financial, information technology, employee, legal, and other resources, to include external…

  • M2

    1 — PROGRAM SETUP AND ADMINISTRATION

    Program provides for establishment and maintenance of an Export/Import Compliance Council (or equivalent), chaired by a member of Senior…

Related

Other DOT standards.

Source & revisions

First mapped
Jun 8, 2022
Last updated
Oct 28, 2026 (5d ago)
Source
Economic Sanctions Enforcement Guidelines