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

Assess my company

Plain-language summary

What it actually means.

to be determined

Plain-language summary forthcoming. Source text below.

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

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
May 26, 2026 (29m ago)
Source
Economic Sanctions Enforcement Guidelines